China Longyuan Power Group Limited announced the unaudited consolidated performance for the nine months ended September 30, 2024. The report shows that the group's revenue reached 26.35 billion yuan, a decrease of 6.37% compared to the same period last year. Among them, the revenue of the wind power department decreased by 8.35%, the revenue of the thermal power department decreased by 12.48%, while the revenue of the photovoltaic department increased by 65.51%, and the revenue of other departments increased by 83.84%. The net profit attributable to equity holders of the company was 5.668 billion yuan, a year-on-year decrease of 11.38%. In terms of installed capacity, due to the equity transfer of Jiangyin Sulong Thermal Power Co., Ltd., the group adjusted the installed capacity, with a total controlling...Show More

China Longyuan Power Group Limited announced the unaudited consolidated performance for the nine months ended September 30, 2024. The report shows that the group's revenue reached 26.35 billion yuan, a decrease of 6.37% compared to the same period last year. Among them, the revenue of the wind power department decreased by 8.35%, the revenue of the thermal power department decreased by 12.48%, while the revenue of the photovoltaic department increased by 65.51%, and the revenue of other departments increased by 83.84%. The net profit attributable to equity holders of the company was 5.668 billion yuan, a year-on-year decrease of 11.38%. In terms of installed capacity, due to the equity transfer of Jiangyin Sulong Thermal Power Co., Ltd., the group adjusted the installed capacity, with a total controlling installed capacity of 37,010.40 megawatts. The capacity of wind power projects increased, while the capacity of thermal power and photovoltaic projects decreased. In terms of power generation, the group completed a cumulative power generation of 56,846,592 megawatt-hours, an increase of 2.42% year-on-year. Among them, the wind power generation decreased by 1.82%, the thermal power generation decreased by 6.32%, and the photovoltaic and other renewable energy generation increased significantly by 82.76%. In addition, on August 23, 2024, the group completed the sale of the entire 27% equity of Jiangyin Sulong, and the disposal income has been included in the "Net Other Income" item of the consolidated financial statements.