China Suntien Green Energy Corporation (00956) fell more than 4%, and as of the time of publication, it fell 4.22% to HKD 3.86 with a turnover of HKD 66.699 million.
According to an announcement by China Suntien Green Energy, based on the company's preliminary statistics, in May 2024, the company and its subsidiaries completed a power generation capacity of 1,194,674.18 megawatt hours according to the consolidated financial statements, a decrease of 3.88% year-on-year; of which, wind power and solar power generation capacity decreased by 3.77% and 11.11%, respectively. As of May 31, 2024, the cumulative power generation capacity was 6,575,980.69 megawatt hours, a decrease of 4.18% year-on-year.
Guosen Securities previously pointed out that under the background of accelerating the construction of a new power system, new energy will gradually become the main power source, and installed capacity will continue to increase. Currently, factors such as new energy consumption, electricity price, etc. have some impact on project yield. Companies with good natural resources endowment/consumption level of new energy assets have more stable profits; in the long run, the construction of new energy projects in large bases and the improvement of on-site consumption level will improve consumption level, and after marketization is gradually implemented, disturbances in electricity price will be limited, and profits of new energies are expected to become stable.
As of the time of publication, China Suntien Green Energy Corporation (00956) fell more than 4%, and it fell 4.22% to HKD 3.86 with a turnover of HKD 66.699 million, according to the Zhongtong Caijing APP.