On May 20, China Longyuan Power fell 3.1% in regular trading, trading at 6.56 HKD/share, with trading volume of approximately 36.42 million HKD. The decline came as the broader renewable energy generation sector continued its multi-session selloff, with peer DATANG Renewables falling 3.47% and GCL New Energy declining 2.15% on the same day.
On the fundamental side, the company reported Q1 net profit attributable to shareholders of 1.624 billion yuan, down 14.78% year-over-year, while cumulative power generation for the first four months declined 1.91%, with wind power output dropping 7.16%. Financial strain remains acute — total liabilities exceed 100 billion yuan, with Q1 financial expenses reaching 784 million yuan. Cash on hand stood at only 2.377 billion yuan against current liabilities of 79.321 billion yuan, indicating significant short-term repayment pressure. The high-leverage operating model continues to erode profitability, leaving limited near-term earnings recovery momentum.
(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.)
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