Group 1 - The core viewpoint of the news is that Datang New Energy's stock has declined over 3% following the announcement of its power generation results and changes in tax policies affecting wind power [1] - As of September 30, 2025, Datang New Energy reported a cumulative power generation of 25,890,603 MWh, an increase of 11.68% compared to 2024 [1] - The wind power generation reached 21,840,558 MWh, reflecting a year-on-year increase of 7.40%, while solar power generation was 4,050,045 MWh, showing a significant increase of 42.22% compared to 2024 [1] Group 2 - 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 starting November 1, 2023 [2] - From November 1, 2025, to December 31, 2027, a 50% VAT refund policy will be implemented for offshore wind power products, indicating a shift in tax incentives from onshore to offshore wind energy [2] - Analysts suggest that the removal of the tax incentive for onshore wind power indicates its technological maturity and competitive cost, reducing the need for special tax support [2]
港股异动 | 大唐新能源(01798)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