China Longyuan Power Group ( (HK:0916) ) has provided an announcement.
China Longyuan Power Group Corporation Limited announced its financial results for the year ended December 31, 2024, reporting a revenue of RMB37,070 million, a slight decrease of 2.6% from the previous year. Despite the revenue dip, the company saw a 21.6% increase in profit before taxation, amounting to RMB10,320 million, and a marginal rise in net profit attributable to equity holders, reaching RMB6,425 million. These results highlight the company’s robust operational performance and effective cost management, despite challenges in revenue growth, positioning it favorably within the renewable energy industry.
More about China Longyuan Power Group
China Longyuan Power Group Corporation Limited is a leading company in the renewable energy sector, primarily focusing on the development, operation, and management of wind power and other renewable energy projects. The company is a significant player in the Chinese market, contributing to the country’s transition towards sustainable energy solutions.
YTD Price Performance: -2.22%
Average Trading Volume: 970
Technical Sentiment Signal: Buy
Current Market Cap: $13.57B
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