CHINA LONGYUAN (00916) shares plummeted 5.19% during intraday trading on Wednesday, following the release of the company's 2025 annual results which showed significant declines in both revenue and profit.
The sharp decline comes after China Longyuan Power Group reported that its operating revenue for 2025 fell 18.60% year-on-year to 30.253 billion yuan. Net profit attributable to shareholders dropped by 28.78% to 4.526 billion yuan. After adjusting for non-recurring items, the net profit decline was 22.81%.
Another report indicated an even steeper profit drop of 32.97% for the year, with revenue sliding to RMB 30.3 billion. The weak financial performance has prompted investor concerns about the company's near-term growth prospects, leading to the sell-off in Wednesday's trading session.
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