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China Longyuan Power Group
(OTC:0916)
China Longyuan Power Group (0916) vs. iShares MSCI Hong Kong ETF (EWH)
China Longyuan Power Group Business Overview & Revenue Model
China Longyuan Power Group Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 35.33B | 37.07B | 37.64B | 39.86B | 37.21B | 28.81B | Gross Profit |
| 13.45B | 13.92B | 13.69B | 13.72B | 12.97B | 10.72B | EBIT |
| 9.73B | 10.14B | 8.25B | 13.18B | 12.10B | 10.62B | EBITDA |
| 13.29B | 25.46B | 22.35B | 22.04B | 21.90B | 17.67B | Net Income Common Stockholders |
| 5.85B | 6.35B | 6.36B | 5.11B | 7.42B | 4.98B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.08B | 3.48B | 5.62B | 20.94B | 4.61B | 5.89B | Total Assets |
| 146.14B | 257.11B | 229.26B | 222.90B | 189.31B | 174.63B | Total Debt |
| 71.57B | 125.44B | 100.19B | 105.77B | 89.34B | 80.34B | Net Debt |
| 70.07B | 122.15B | 95.31B | 85.27B | 85.48B | 74.75B | Total Liabilities |
| 87.36B | 171.00B | 146.93B | 142.82B | 116.59B | 107.76B | Stockholders Equity |
| 51.47B | 73.21B | 70.92B | 68.81B | 63.34B | 58.10B |
| Cash Flow | Free Cash Flow | ||||
| ― | ― | ― | 7.35B | ― | ― | Operating Cash Flow |
| 3.53B | 17.06B | 13.88B | 29.61B | 16.76B | 12.27B | Investing Cash Flow |
| -10.74B | ― | -21.43B | ― | ― | ― | Financing Cash Flow |
| 7.58B | 7.35B | -6.26B | 3.84B | 94.54M | 9.46B |
China Longyuan Power Group Technical Analysis
China Longyuan Power Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | €21.11B | 6.00 | 10.04% | 6.62% | -1.46% | 3.24% | |
67 Neutral | $113.52B | 9.25 | 7.93% | 3.55% | -7.20% | -9.40% | |
65 Neutral | HK$2.68B | 29.05 | 1.64% | 9.84% | 23.69% | 92.69% | |
64 Neutral | $8.52B | 10.39 | 4.24% | 4.38% | 4.14% | -13.04% | |
44 Neutral | HK$38.29M | 28.96 | 0.34% | ― | -45.94% | ― |
China Longyuan Power Group Corporate Events
China Longyuan Power Group reported a slight increase in revenue for the first quarter of 2025, with a total of RMB8,140 million, despite a decline in net profit by 21.82% compared to the previous year. The company’s wind power segment experienced a revenue decrease of 1.89%, while the PV power segment saw a significant increase of 43.09%. The overall power generation decreased by 4.42%, but excluding coal power, there was an 8.81% increase. The company added 36.25 MW of new capacity, mainly in wind power, while reducing biomass power capacity due to the liquidation of a subsidiary.
China Longyuan Power Group Corporation Limited announced the approval of a resolution regarding the impairment test of acquired assets following the expiration of a performance commitment period. This development is part of a series of transactions including the absorption and merger of Inner Mongolia Pingzhuang Energy Co., Ltd. through share swaps and cash payments. The transactions aim to enhance the company’s asset portfolio and strengthen its position in the renewable energy market.
China Longyuan Power Group Corporation Limited has successfully completed the issuance of RMB2.0 billion in mid-term notes, with a term of three years and a coupon rate of 1.78%. The proceeds from this issuance will be used to replenish working capital or repay interest-bearing debts, potentially strengthening the company’s financial position and operational capabilities.
China Longyuan Power Group Corporation Limited has announced a board meeting scheduled for April 28, 2025, to consider and approve the quarterly results for the first quarter of 2025. This meeting is crucial as it will provide insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and stakeholder interests.
In March 2025, China Longyuan Power Group’s total power generation decreased by 2.46% year-on-year, primarily due to the cessation of coal power operations. However, the company’s renewable energy segment showed significant growth, with wind power increasing by 7.57% and PV power by 45.63%, highlighting its strategic shift towards sustainable energy and its positive impact on the company’s renewable energy portfolio.
China Longyuan Power Group Corporation Limited announced its financial results for the year ended December 31, 2024, reporting a revenue of RMB37,070 million, a slight decrease of 2.6% from the previous year. Despite the revenue dip, the company saw a 21.6% increase in profit before taxation, amounting to RMB10,320 million, and a marginal rise in net profit attributable to equity holders, reaching RMB6,425 million. These results highlight the company’s robust operational performance and effective cost management, despite challenges in revenue growth, positioning it favorably within the renewable energy industry.
China Longyuan Power Group has entered into a new Financing Lease Related Services Framework Agreement with Guoneng Financial, a subsidiary of its controlling shareholder CHN Energy. This agreement, effective from March 29, 2025, to December 31, 2027, involves providing financing lease services, including direct lease and sales and leaseback. The transactions are classified as continuing connected transactions under Hong Kong Listing Rules, requiring annual reporting and announcements but exempt from independent shareholders’ approval.
China Longyuan Power Group Corporation Limited announced a provision for asset impairment totaling RMB1,109 million for the year 2024, which will decrease the company’s total profit by the same amount. The impairment covers accounts receivable, inventories, fixed assets, intangible assets, and construction in progress, reflecting the company’s adherence to PRC Accounting Standards and its proactive approach in managing asset values amid changing economic conditions.
China Longyuan Power Group has announced the approval of its Performance Commitment and Performance Compensation Scheme for 2024, following a series of strategic transactions initiated in 2021. These transactions included the absorption and merger of Inner Mongolia Pingzhuang Energy Co., Ltd., disposal of material assets, and acquisition of new assets through cash payments, significantly expanding its portfolio in the renewable energy sector.
China Longyuan Power Group has announced its 2025–2027 Cash Dividend Plan, which aims to distribute at least 30% of its net profit attributable to shareholders each year as cash dividends. This plan, approved by the board and pending general meeting approval, is designed to enhance investor returns, stabilize dividend payouts, and maintain market confidence. The company has considered its rapid development phase, significant capital expenditures, and industry conditions to ensure the plan supports its growth without impacting normal operations.
China Longyuan Power Group has announced a final cash dividend of RMB 0.2278 per share for the year ending December 31, 2024, amounting to a total of RMB 1.904 billion before tax. This dividend represents 30% of the net profit attributable to shareholders, based on the company’s consolidated financial statements, and reflects the company’s robust financial performance and commitment to returning value to its shareholders.
China Longyuan Power Group Corporation Limited has successfully completed the issuance of RMB1.2 billion in mid-term notes with a 1.90% coupon rate, maturing in two years. The proceeds from this issuance will be used to replenish working capital or repay interest-bearing debts, potentially strengthening the company’s financial position and operational capabilities.
China Longyuan Power Group Corporation Limited has announced a board meeting scheduled for March 28, 2025, to discuss and approve the annual financial results for the year ending December 31, 2024. The meeting will also consider the recommendation for a final dividend payment, which could impact shareholder returns and reflect the company’s financial health.
China Longyuan Power Group Corporation Limited has successfully completed the issuance of ultra short-term debentures totaling RMB2.0 billion on March 14, 2025. The proceeds from this issuance, which carries a coupon rate of 1.94% and a term of 179 days, will be utilized for replenishing daily working capital and repaying interest-bearing debt, potentially enhancing the company’s financial stability and operational efficiency.
In February 2025, China Longyuan Power Group reported a total power generation of 6,326,438 MWh, marking a 2.31% decrease compared to February 2024. This decline is attributed to the company’s cessation of coal power operations. However, wind and PV power generation saw year-on-year increases of 2.80% and 80.51%, respectively. For the year up to February 2025, total power generation was 12,718,630 MWh, a 5.56% decrease from the previous year, but excluding coal power, there was a 7.37% increase. This shift underscores the company’s strategic focus on renewable energy and its potential positive impact on its market positioning.
China Longyuan Power Group Corporation Limited has successfully issued mid-term notes totaling RMB1.5 billion on February 21, 2025, with the proceeds intended for working capital replenishment and debt repayment. This financial maneuver, led by China Merchants Bank Co., Ltd., is expected to enhance the company’s financial flexibility and support its ongoing operations in the renewable energy sector.
China Longyuan Power Group Corporation Limited announced the completion of its issuance of mid-term notes totaling RMB2 billion, with terms of three and five years and coupon rates of 1.89% and 1.94%, respectively. The proceeds are intended for replenishing working capital or repaying interest-bearing debts, which could enhance the company’s financial stability and operational efficiency.
In January 2025, China Longyuan Power Group reported a consolidated power generation of 6,392,192 MWh, marking an 8.56% year-on-year decrease, largely due to the company’s cessation of coal power operations. Despite the overall decline, wind power generation increased by 2.37% and PV power generation saw a significant rise of 47.18%, indicating a positive shift towards renewable energy and potentially strengthening their position in the clean energy market.