On October 29, Motong published a report stating that considering the operating trend of Datang New Energy (1798.HK) in the first nine months, its profit forecast for the 2021-2023 fiscal year was lowered by 10 to 13%, and the target price was reduced from HK$4.1 to HK$3.95 accordingly, maintaining the “increase in holdings” rating. The bank is optimistic about wind power and solar power operators because China's carbon-neutral development accelerates production capacity growth; grid-connected project portfolios are increasing; and green finance initiatives may reduce the cost of debt for wind power and solar farm operators. The bank preferred Longyuan Electric Power (0916 HK), as well as Datang New Energy and Xinyi Energy (3868.HK).