Summary by Futu AI
LONGYUAN POWER GROUP CO., LTD. (“LONGYUAN POWER”) ANNOUNCED UNAUDITED CONSOLIDATED RESULTS FOR THE THREE MONTHS ENDED 31 MARCH 2024. During the period, the Group achieved revenues of RMB98.77 billion, a slight increase of 0.10% compared to the same period last year. Revenues in the wind power division decreased by 4.70%, while revenues in the pyroelectric and other divisions increased by 3.28% and 146.45%, respectively. The Group's net profit reached RMB24.82 million, up 2.59% year-on-year. In terms of power generation, the Group's total completed generation capacity was 21,225,249 MW, an increase of 8.27% year-on-year, of which wind generation increased by 11.30% and other renewable energy generation increased by 233.33%. The average number of hours used for wind power decreased by 14 hours compared to the same period last year...Show More