According to the WiseNews app, CGN New Energy (01811) once rose more than 13%. As of press time, it rose 11.44% to HKD 3.02, with a turnover of HKD 261 million.

According to the company's 2023 financial report, the revenue during the period was USD 2.193 billion, a year-on-year decrease of 9.8%, and the net income attributable to the mother was USD 268 million, a year-on-year increase of 37.2%. Excluding one-time adjustments such as goodwill and fixed asset impairment, the net profit attributable to the mother increased by 10.6% year-on-year, and the net income has maintained a steady growth for many years. The dividend per share in 2023 is 1.56 cents, and the payout ratio has been increased to 25%. In addition, the board of directors announced a plan to use no more than HKD 157 million to repurchase company shares in April, and the buyback plan will help drive the company's valuation restoration.

Guotai Junan International previously stated that the company plans to add 500-1000MW of wind and solar power by the end of 2024. The installed capacity will continue to grow steadily, and it is expected that although the future trading electricity prices will generally trend downward, the wind and solar project returns of the company will still maintain a reasonable level of return rate as the price of wind turbines and photovoltaic components continue to decrease, and the wind and solar performance is expected to continue to grow.