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[Brokerage Focus] Huayuan Securities maintains a "buy" rating on Datang Renew (01798), indicating that its third-quarter performance meets off-season expectations.
Kingwu Financial News | Huayuan Securities issued research guidance, Datang Renew(01798) achieved revenue of 9.086 billion yuan in the first three quarters, a decrease of 4.11% year-on-year; net income attributable to shareholders was 1.87 billion yuan, a decrease of 17.04% year-on-year. Revenue for the third quarter alone was 2.458 billion yuan, a decrease of 1.6% year-on-year; net income attributable to shareholders was 0.105 billion yuan, a decrease of 34.78% (an absolute decrease of 0.056 billion yuan). The company's net income for the third quarter alone basically met market expectations. It is worth noting that the third quarter is the off-season for wind power, with relatively low profit absolute values, and the profit fluctuations for the quarter.
Chinese Solar Firms, Ever-nimble, Go Further Afield Where US Tariffs Don't Reach
Hong Kong stock concept tracking | The country vigorously implements wind power as a replacement for renewable energy with strong support from the government. Wind power companies are expected to see a turnaround in their predicament (with related concept
On October 30, the National Development and Reform Commission and other departments strongly support the comprehensive improvement of wind power supply capacity through the vigorous implementation of renewable energy substitution.
Express News | China Datang Corp Renewable Power - 9M Net Profit Attributable RMB1.87 Bln
DATANG RENEW: FINANCIAL INFORMATION FOR THE THIRD QUARTER OF 2024
DATANG RENEW: POLL RESULTS OF THE THIRD EXTRAORDINARY GENERAL MEETING IN 2024; DISTRIBUTION OF INTERIM DIVIDEND; AND CHANGE OF DIRECTOR AND MEMBER OFTHE COMMITTEE UNDER THE BOARD
China Datang Corporation Renewable Power's (HKG:1798) Earnings Growth Rate Lags the 13% CAGR Delivered to Shareholders
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