Gelonghui, May 10 丨According to the China-Thailand International Research Report, Xintian Green Energy (00956.HK) recently announced results for the first quarter of 2023 that fell short of expectations. The company's 2023-24 shareholders' net profit forecasts were lowered by 5.8% and 6.0% respectively, and estimates for 2025 were added. The company's operating performance is expected to improve, but the target price-earnings ratio for 2023 was conservatively reduced from 8.0 times to 7.0 times to reflect the risk of capital market fluctuations, and the target price of H shares was lowered from HK$5.58 to HK$4.88, corresponding to an increase of 46.2%. Reiterate the “buy” rating. Furthermore, the bank expects the first phase of the Tangshan LNG terminal project to be put into operation in stages in June this year, with a design handling capacity of 5 million tons/year. Starting next year, the project will begin to provide a more significant profit contribution, which will gradually increase. Furthermore, as industry and commerce continue to recover in the mainland, it is expected that the company's power generation and gas sales volume will stabilize and gradually improve.