智通财经网·2025-08-21 09:35Core Viewpoint - Bank of America Securities forecasts that Longyuan Power (00916) will continue to face profit pressures due to declining electricity prices and utilization rates [1] Summary by Categories Earnings Forecast - The firm has lowered Longyuan Power's earnings estimates for the next two years by 4% to reflect a more conservative outlook for the second half of the year [1] - The anticipated provincial bidding results for wind and solar power capacity are expected to lead to further profit downgrades [1] Rating and Target Price - The rating for Longyuan Power is maintained at "underperform" with the target price adjusted from HKD 5.7 to HKD 6 [1] Interest Costs and Uncertainty - Lower interest costs are expected to partially offset the earnings decline [1] - The firm notes a high level of uncertainty in forecasts, particularly with the potential for asset injections to provide a boost in the second half of the year [1]