Longyuan Electric Power (00916) rose more than 4% and rose 4.68% at press time to report HK$5.37, with a turnover of HK$84.67 million.
The Zhitong Finance App learned that Longyuan Electric Power (00916) rose by more than 4% and rose 4.68% at press time to HK$5.37, with a turnover of HK$84.67 million.
According to the news, on February 7, the National Development and Reform Commission and the National Energy Administration issued the “Notice on Establishing and Improving the Market Price Mechanism for Electric Power Auxiliary Services”. The “Notice” clearly follows the general principle of “who serves, who benefits, and who bears”, continuously improves the price formation mechanism for auxiliary services, promotes the orderly transmission and sharing of auxiliary service costs, and fully mobilizes flexible adjustment resources to actively participate in system regulation.
Citi recently stated that the stock price drop last year may be due to market concerns about lower electricity prices for new projects and negative free cash flow due to high capital expenditure. However, a reduction in the unit cost of equipment may increase the return on new projects. Although the wind speed was low in January and the year-on-year growth rate of power generation was only 2.1%, the company's price-earnings ratio forecast for this year is 4.7 times, and the market account ratio is 0.5 times, so the valuation is not expensive. Yamato believes that if last year's profit were to increase by 50% and to issue earnings before the end of January, the company would need to achieve a net profit of 1,283 billion yuan in the fourth quarter of last year, and the bank believes it can be achieved, and expects the company's profit to increase 58% to 7.761 billion yuan last year.