The Zhitong Finance App learned that Daimo released a research report saying that the progress of renewable energy subsidy inspections has been announced one after another in recent months. It is expected that up to 10% of wind power and photovoltaic power plants may be disqualified from subsidies. The industry's profit growth in the third quarter is only temporary. It is believed that the market's forecast for the fourth quarter is too optimistic. The bank estimates that at most 27%-58% of the profits of the rated new energy companies this year were affected. As a result, the investment ratings of many companies were downgraded. The ratings of Xintian Green Energy (00956) and CGN New Energy (01811) were all downgraded to “in sync with the market”, and Longyuan Electric Power (00916) ratings were reduced to “holdings reduction”, and the target price dropped to HK$3.2/HK$2.6/HK$9 respectively.