Anxin International's research report indicates that China Longyuan (916.HK) saw marginal improvement in its Q3 performance. It continues to increase its layout of high-quality new energy assets while disposing of its thermal power assets. From the beginning of the year to date, the company has added 2.7GW of new energy installed capacity and disposed of 1.2GW of thermal power assets. The company has announced plans to acquire 2GW of quality new energy assets from its controlling shareholder, the National Energy Group. Additionally, it is seizing construction windows for large-scale solar and offshore wind projects to increase high-quality new energy installed capacity. Currently, the company's valuation corresponds to a PE of about 7 times for 2025. It is believed that the company is actively capturing the window for wind power construction and anticipates the injection of assets from the National Energy Group, which presents potential for valuation enhancement.