Zhi Tong Cai Jing·2025-10-29 12:25Core Insights - Longyuan Power (00916) reported a revenue of RMB 22.221 billion for the first three quarters of 2025, reflecting a year-on-year increase of 3.70% in operating revenue, with a notable decline in wind power revenue and significant growth in solar power revenue [1][2] Financial Performance - The company's net profit attributable to equity holders was RMB 4.613 billion, a decrease of 19.84% compared to the same period last year [1] - Wind power segment revenue was RMB 19.144 billion, down 1.82% year-on-year, while solar power segment revenue reached RMB 2.806 billion, up 64.82% year-on-year [1] - Other segments generated revenue of RMB 271 million, marking a year-on-year increase of 19.26% [1] Capacity and Generation - The company added a total of 2,274.19 MW of new renewable energy capacity in the first nine months of 2025, with 1,134.70 MW from wind power and 1,169.49 MW from solar power, while biomass power capacity decreased by 30 MW [1] - As of September 30, 2025, the total installed capacity was 43,417.39 MW, comprising 31,543.47 MW from wind power, 11,867.82 MW from solar power, and 6.10 MW from other renewable sources [1] - The average utilization hours for wind power were 1,511 hours, a decrease of 95 hours compared to the same period in 2024, primarily due to a decline in wind speed [1] Generation Output - The total electricity generation for the company was 56,546,706 MWh, a slight decrease of 0.53% year-on-year, but a 13.81% increase when excluding the impact of thermal power [2] - Wind power generation amounted to 46,187,944 MWh, reflecting a year-on-year growth of 5.30%, while solar power generation reached 10,354,443 MWh, up 77.98% year-on-year [2]