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<Research> Huatai Securities Raises CHINA LONGYUAN (00916.HK) TP to HKD8 as Wind Power Tariffs Marginally Improve
Huatai Securities issued a report stating that CHINA LONGYUAN (00916.HK) recorded revenue of RMB7.868 billion in 1Q26, down 4% YoY. Net profit amounted to RMB1.624 billion, down 15...
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<Research> Huatai Securities Raises CHINA LONGYUAN (00916.HK) TP to HKD8 as Wind Power Tariffs Marginally Improve
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Huatai Securities issued a report stating that CHINA LONGYUAN (00916.HK)  0.000 (0.000%)    Short selling $55.71M; Ratio 35.907%   recorded revenue of RMB7.868 billion in 1Q26, down 4% YoY. Net profit amounted to RMB1.624 billion, down 15% YoY, while net profit excluding non-recurring items was RMB1.639 billion, down 12% YoY. Net profit was within the brokers forecast range of RMB1.4 billion to RMB1.8 billion. The companys installed capacity of wind and photovoltaic power continued to expand steadily, while weaker wind resources dragged on wind power generation output. In 1Q26, wind power tariffs rose YoY and QoQ, while photovoltaic tariffs remained at a low level. Net profit per kilowatt-hour edged down YoY but increased sharply QoQ. With the implementation of mechanism tariffs and the clearer monetization of environmental value, the broker is optimistic that long-term returns of new energy are likely to stabilize. As a fundamental inflection point approaches, Huatai Securities maintained its Buy rating on both LONGYUAN POWER (001289.SZ)  +0.620 (+3.832%)   A shares and CHINA LONGYUAN (00916.HK)  0.000 (0.000%)    Short selling $55.71M; Ratio 35.907%   H shares.

The broker forecast net profit of RMB4.489 billion, RMB5.52 billion and RMB6.65 billion for 2026 to 2028, representing upward revisions of 2.5%, 9.5% and 10.1%, respectively, from previous estimates. The three-year CAGR is projected at 14%, with corresponding EPS forecasts of RMB0.54, RMB0.66 and RMB0.8. The upward revisions mainly reflect higher-than-expected additions of wind power installed capacity and tariffs.

Related News CHINA LONGYUAN (00916.HK) 1Q26 Net Profit RMB1.7B, Down 14.3% YoY
Huatai Securities set a TP of RMB18.9 for LONGYUAN POWER (001289.SZ)  +0.620 (+3.832%)   A shares, up from RMB17.68, based on a forecast 2026 price-to-earnings ratio of 35x, below the comparable average of 39x, considering that the 20262028 net profit CAGR of 14% is lower than the comparable average of 28%. For CHINA LONGYUAN (00916.HK)  0.000 (0.000%)    Short selling $55.71M; Ratio 35.907%   H shares, the TP was raised to HKD8 from HKD7.68, on expectations of marginal improvement in wind power tariffs. (ha/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-04 16:25.) (A Shares quote is delayed for at least 15 mins.)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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