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China Longyuan Power's Q1 Profit Slides 22%
[Brokerage Focus] Guotai HAITONG SEC: The understanding of the Electrical Utilities market among companies and investors will change in 2025-2026.
Jinwu Financial News | Guotai HAITONG SEC states that in 2025-2026, both power companies and investors will change their understanding of the electrical utilities market. Currently, the further north you go, the better the coal power generation price: the higher the proportion of new energy, the scarcity of coal power generation is evident. At the same time, this year's annual long-term contract prices in the south have also put pressure on coal power generation there, as power plants shift from pursuing quantity to focusing on price and efficiency, and recently, spot electricity prices in the south have started to rise. It is believed that the possibility of northern electricity prices bottoming out is already quite high, while regional disparities in the south still exist. In the future, we may witness two historic firsts: 1. Rising spot electricity prices in 2025, 2. Increased annual long-term contracts in 2026.
The market may reach a critical juncture in the short term, with Banks and Electrical Utilities showing repeated activity, and the Technology Sector poised to take off.
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China Longyuan Power: 1Q Power Generation Declined 4.42% on Year>0916.HK
Longyuan Electric Power: Report for the first quarter of 2025
CHINA LONGYUAN (00916.HK) reported a net income of 1.977 billion yuan in the first quarter, a decrease of 21.82% year-on-year.
On April 28, Gelonghui reported that CHINA LONGYUAN (00916.HK) announced that for the three months ending March 31, 2025, the group's revenue was 8.14 billion yuan, a 0.92% increase in continuing operation revenue compared to the same period last year. The wind power segment reported revenue of 7.368 billion yuan, a decrease of 1.89% compared to the same period last year, while the photovoltaic segment reported revenue of 0.715 billion yuan, an increase of 43.09% compared to the same period last year. The Other segment reported revenue of 0.057 billion yuan, an increase of 1.03% compared to the same period last year. The Net income attributable to shareholders of the company was 1.977 billion yuan, a decrease compared to the same period last year.
