Movement Alert|CHINA LONGYUAN Intraday Rise 6.49% in Regular Trading, Q3 Wind Power Generation Decline Narrowed Sharply

Market Focus11-03

On November 3, CHINA LONGYUAN rose 6.49% in Regular Trading, trading at HK$5.5, with turnover of HK$113 million.

The move was accompanied by renewed market attention on the company’s third-quarter operating trend, as the decline in wind power generation narrowed sharply and receivables financing recorded a net decrease, helping improve sentiment.

Previously disclosed data showed CHINA LONGYUAN generated 56.2504 million MWh in the first three quarters, down 0.52% year on year. In September alone, total power generation rose 7.08%, with wind power up 3.20% and solar power up 20.21%. Separately, a recent broker report maintained a buy rating, citing continued project progress in multiple regions and capacity expansion as support for long-term value, even though the company’s first-three-quarter profit declined year on year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment