Gelonghui, November 21｜Anxin International's research reports indicate that china longyuan (916.HK) experienced marginal performance improvement in the third quarter. It continues to increase the layout of quality new energy assets while disposing of its thermal power assets. Year to date, the company has added 2.7GW of new energy installed capacity and disposed of 1.2GW of thermal power assets. The company has announced plans to acquire 2GW of high-quality new energy assets from its controlling shareholder, the State Energy Group. Concurrently, it is seizing the construction window period for large-scale wind and solar bases and offshore wind power to increase high-quality new energy asset installations. The company's current valuation reflects a PE of about 7 times for 2025. It is believed that the company is actively seizing the wind power construction window and has expectations for asset injection from the State Energy Group, which implies room for valuation enhancement.