China Longyuan Power Group (HK:0916) has released an update.
China Longyuan Power Group reports a mixed performance for May 2024, with a 7.52% year-on-year decline in total power generation, driven by decreases in wind and coal-fired generation, but a notable surge in other renewable sources. Despite the monthly dip, the cumulative power generation for the year shows a modest 0.49% increase. The company’s shift to renewable energy is underscored by a significant 165.37% boost in its other renewable energy business.
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