Core Points - Datang New Energy's stock dropped over 3%, currently at HKD 2.52 with a trading volume of HKD 64.6341 million [1] - The company reported a cumulative power generation of 25,890,603 MWh by September 30, 2025, an increase of 11.68% compared to 2024 [1] - Wind power generation reached 21,840,558 MWh, up 7.40% year-on-year, while solar power generation increased by 42.22% to 4,050,045 MWh [1] Policy Changes - The Ministry of Finance, General Administration of Customs, and State Taxation Administration announced the cancellation of the 50% VAT refund policy for onshore wind power effective November 1, 2023 [2] - From November 1, 2025, to December 31, 2027, a 50% VAT refund policy will be applied to offshore wind power products [2] - Analysts suggest that the removal of the VAT refund for onshore wind indicates its technological maturity and competitive cost, eliminating the need for special tax support [2]
大唐新能源跌超3% 前九月发电量增超一成 三部门调整风力发电等增值税政策