Gelonghui, November 6 | According to Tianfeng Securities Research Report, maintaining the “buy” rating of Longyuan Electric Power (0916.HK), taking into account the third quarter performance, additional installed capacity, and current project reserves, net profit from 2023-2025 is expected to be 82, 93, and 10.6 billion yuan. The company's operating profit margin for the first three quarters was about 39.69%, an increase of 4 percentage points over the previous year. The bank believes this may be due to an increase in wind power utilization hours, a decrease in coal prices, etc. In addition, the company's net financial expenses decreased by 14.4% year-on-year to 2,511 billion yuan. Overall, the company achieved net profit of 6.379 billion yuan in the first three quarters, an increase of 18.95% over the previous year. At present, component prices have declined somewhat. Meanwhile, the “Administrative Measures on Wind Farm Renovation, Upgrading, and Decommissioning” was officially issued in June this year. The renovation of the company's old wind farms and the construction of new projects are expected to accelerate.