China Longyuan Power Group Corp Ltd0916
▼ NegativeCapitalrelevance
First-half net profit fell 29.1% due to lower electricity prices and utilization hours.
Impact on stocks 1
Energy Transition & Power Demand
China Longyuan Power Group Corp LtdLongyuan Power released its 2026 semi-annual report, showing first-half operating revenue of 14.642 billion yuan, down 6.48% year-on-year, and net profit attributable to shareholders of the listed company of 2.393 billion yuan, down 29.1% year-on-year. The decline was mainly due to a year-on-year drop in the average electricity price and lower average utilization hours in the wind power segment, which reduced wind power segment revenue by 1.371 billion yuan. Based on calculations, the company's second-quarter net profit was 769 million yuan, down 52% quarter-on-quarter.
China Longyuan Power Group Corp LtdFirst-half net profit fell 29.1% due to lower electricity prices and utilization hours.