BOCOM International's research report pointed out that China Longyuan Power (00916.HK) recorded a 20.7% year-on-year decline in profit in the first half of the year, to 3.99 billion RMB, in line with the bank's expectations. The bank believes that the market should not be surprised by the weak wind speed and utilization rate dragging down the company's performance.

In terms of new capacity, the bank expects China Longyuan to inject assets of 0.5, 2.5, and 1 GW respectively from this year to 2026. Therefore, it is expected that the total installed wind and solar power new capacity during the same period will reach 7.5, 10.5, and 10 GW. The bank mentioned that China Longyuan's short-term profit tends to fluctuate and the bank has lowered its profit forecast for the company, reducing the target price to 7.23 yuan, while maintaining a 'buy' rating.