Longyuan Power issues RMB 3.00 billion notes: what it means for Longyuan Power stock

Published on 10/01/2026 at 15:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

For Longyuan Power stock, the notes carry a 1.35 percent coupon and 210-day tenor. First-half 2026 revenue fell 6.50 percent year over year.

Longyuan Power, HK0916000169, Illustration mit AI erstellt.

Longyuan Power (HK0916000169) issued RMB 3.00 billion of ultra-short-term financing notes on September 30, 2026, giving the renewable utility fresh short-term funding at a 1.35 percent coupon. The two tranches each have a 210-day tenor, according to Zhitong Finance.

Funding adds RMB 3.00 billion

The financing arrives after a difficult first half. Longyuan Power reported RMB 14.642 billion of operating revenue for the six months ended June 30, 2026, down 6.50 percent from RMB 15.657 billion a year earlier, according to Futu.

Net profit attributable to equity holders fell 28.20 percent year over year to RMB 2.527 billion in the first half of 2026. Basic earnings per share declined to RMB 0.30 from RMB 0.42, while the board did not recommend an interim dividend, Futu reported on September 14, 2026.

Wind pressure meets solar growth

The operating mix explains the earnings decline. Wind-power utilization fell to 982 hours in the first half of 2026, down 120 hours from the prior-year period, while the average wind-power tariff dropped RMB 20 per megawatt-hour to RMB 457.

Solar power provided a counterweight. Solar electricity sales revenue increased RMB 347 million, or 20.40 percent, to RMB 2.049 billion in the first half of 2026, according to Futu. Controlled installed capacity reached 46.39 GW by June 30, 2026, including 32.49 GW of wind power and 13.90 GW of solar power.

Meaning for Longyuan Power stock

The funding decision sits alongside a capacity expansion strategy rather than a demand-led growth story. Longyuan Power added 397.27 MW of controlled capacity in the first half of 2026, but weaker wind conditions, lower tariffs and higher depreciation kept pressure on earnings.

The balance between financing costs and new generation will therefore matter. The 1.35 percent coupon is below the company's first-half 2026 average wind tariff of RMB 457 per megawatt-hour, but the notes still add a fixed repayment obligation during a period of lower wind profitability.

Market value and business profile

Longyuan Power had a market capitalization of HKD 86.4 billion as of September 30, 2026. Its 52-week range was HKD 4.95 to HKD 8.66 on that date, placing the company's market valuation below its yearly peak while its operating base continued to expand.

Longyuan Power is listed on the Hong Kong Stock Exchange under ticker 00916 and operates as a renewable utility focused on wind and solar generation. The company reported total assets of RMB 268.112 billion and total liabilities of RMB 177.111 billion as of June 30, 2026.