Longyuan Power highlights solar project: Buy rating covers Longyuan Power stock

Published on 10/07/2026 at 06:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 6.48 percent to RMB 14.642 billion in 2026's first half. Longyuan Power stock had a EUR 0.60 prior close on October 5, 2026.

Longyuan Power, CNE100000HD4, Illustration mit AI erstellt.

Longyuan Power's Zhejiang Dengbu Island fishery-solar photovoltaic station was selected for a 2026 sustainability case on September 21, 2026, while first-half results showed pressure on wind power revenue. The company also carries a Buy rating from Pacific Securities, which linked the near-term strain to wind power volume and pricing.

Solar growth offsets part of decline

According to Longyuan Power on September 21, 2026, the Zhejiang project combines photovoltaic generation with shrimp and crab farming. The project gives the company a concrete operating example of combining renewable generation with land and water use rather than relying only on larger power stations.

Moomoo reported that consolidated operating revenue reached RMB 14.642 billion in the six months ended June 30, 2026, down 6.50 percent from RMB 15.657 billion. Net profit attributable to equity holders fell 28.20 percent to RMB 2.527 billion, while basic earnings per share declined 28.20 percent to RMB 0.30.

Wind pricing remains the pressure point

The interim report shows a sharp split between the company's businesses. Solar electricity sales revenue rose 20.40 percent to RMB 2.049 billion in the first half of 2026, but wind power electricity sales revenue fell RMB 1.371 billion, or 9.90 percent, as wind resources weakened and regional curtailment increased.

Wind power average utilization fell by 120 hours to 982 hours, while the average on-grid tariff dropped RMB 20 per megawatt-hour to RMB 457 per megawatt-hour. That combination matters more than installed capacity alone because lower prices and fewer utilization hours can limit the earnings contribution from new projects.

As Futunn reported on September 16, 2026, Pacific Securities maintained a Buy rating and forecast net profit attributable to shareholders of RMB 3.978 billion for 2026, RMB 4.698 billion for 2027 and RMB 5.567 billion for 2028. The forecast assumes that electricity prices stabilize while new capacity additions continue.

Prior close remains EUR 0.60

Longyuan Power's market capitalization was HKD 83.6 billion on October 7, 2026. On the Hong Kong Stock Exchange, the stock was last at HKD 5.22 on October 7, 2026 at 11:59 a.m. HKT during the open session, against a 52-week range of HKD 4.95 to HKD 8.66.

The Lang & Schwarz prior close was EUR 0.60 for October 5, 2026. The Hong Kong quotation and the euro reference are separate venues and currencies, so the Hong Kong level does not replace the German investor reference. The further course of trading is shown by the continuously updated real-time quote of Longyuan Power stock.