Longyuan Power stock falls 1.32 percent as profit drops 28.2 percent

Published on 10/07/2026 at 04:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Longyuan Power stock traded at HKD 5.23 on October 7, 2026, after first half net profit fell 28.2 percent. Solar revenue rose 20.4 percent to RMB 2.049 billion.

Longyuan Power, CNE100000HD4, Illustration mit AI erstellt.

Longyuan Power (ISIN CNE100000HD4) was last at HKD 5.23 on the Hong Kong Stock Exchange on October 7, 2026, down 1.32 percent during the session. The move followed a first half report showing net profit of RMB 2.527 billion, a 28.2 percent year-over-year decline, according to Moomoo.

Profit pressure comes from wind

For the six months ended June 30, 2026, consolidated operating revenue fell 6.5 percent to RMB 14.642 billion from RMB 15.657 billion. Basic earnings per share declined 28.2 percent to RMB 0.30 from RMB 0.42, while the company did not recommend an interim dividend, the interim report said.

Wind power was the main drag. Average utilization fell by 120 hours year over year to 982 hours, and the average on-grid tariff dropped RMB 20 per megawatt-hour to RMB 457 per megawatt-hour. Solar electricity sales revenue moved in the opposite direction, rising 20.4 percent to RMB 2.049 billion.

Solar growth offsets part of the decline

Longyuan Power added 397.27 megawatts of controlled capacity during the first half, taking total controlled capacity to 46,391.56 megawatts as of June 30, 2026. The mix included 32,488.32 megawatts of wind capacity and 13,897.14 megawatts of solar capacity, according to Moomoo.

Monthly output offered a more balanced signal. MarketScreener reported that August generation reached 5,608,057 megawatt-hours, up 6.35 percent year over year. Solar generation rose 20.67 percent, but cumulative generation for the first eight months still fell 1.31 percent to 50,583,726 megawatt-hours.

Target remains above the quote

In a report published September 9, 2026, Morgan Stanley cut its H-share target from HKD 7.5 to HKD 6.0 and retained an In-line with the Market rating, according to Futunn. The HKD 6.0 target lies 14.7 percent above the HKD 5.23 intraday price.

The contrast between rising solar output and weaker wind economics defines the current investment case. Longyuan Power's market capitalization was HKD 83.7 billion on October 7, 2026, while the 52-week range stood at HKD 4.95 to HKD 8.66.

Longyuan Power stock stays below its yearly high

Longyuan Power stock was last at HKD 5.23 on the Hong Kong Stock Exchange on October 7, 2026, with 7,636,999 shares traded. The quote was 39.6 percent below the 52-week high of HKD 8.66.