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China Longyuan Power Group ( (HK:0916) ) has shared an update.
China Longyuan Power Group announced a 13.07% decrease in power generation for December 2024 compared to the previous year, primarily due to reduced wind power generation caused by lower average wind speeds. However, the company saw a significant 28.19% increase in PV and other renewable energy power generation, reflecting its strategic shift from coal power, which it no longer generates, to renewable energy.
More about China Longyuan Power Group
China Longyuan Power Group Corporation Limited is a company in the renewable energy industry, focusing primarily on wind power, photovoltaic (PV) power, and other renewable energy sources. The company has ceased its coal power generation operations, aligning its market focus towards sustainable energy solutions.
YTD Price Performance: -11.36%
Average Trading Volume: 1,540
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $12.29B
For a thorough assessment of 0916 stock, go to TipRanks’ Stock Analysis page.
