智通财经网·2025-10-31 05:56Core Viewpoint - Longyuan Power (00916) has experienced a decline of over 3%, with a current price of HKD 7.2 and a trading volume of HKD 1.4 billion, following the release of its financial results for the first three quarters of the year [1] Financial Performance - For the first three quarters, Longyuan Power reported a revenue of RMB 22.221 billion, representing a year-on-year increase of 3.70% [1] - The net profit attributable to shareholders decreased to RMB 4.613 billion, a year-on-year decline of 19.84% [1] - Bank of America reported that the third-quarter profit fell by 35% year-on-year to RMB 1 billion, which was below their forecast of RMB 1.3 billion [1] Market Reaction - The third-quarter performance has raised concerns in the market regarding the timing of the profit turnaround, leading Bank of America to lower its target price for H-shares from HKD 6 to HKD 5.9 and reiterate a "underperform" rating for both A and H shares of Longyuan Power [1] Fundraising Plans - Longyuan Power announced plans to issue A-shares to specific investors, with a total fundraising amount not exceeding RMB 5 billion. The net proceeds, after deducting issuance costs, will be invested in the following projects: a 500,000 kW offshore wind power project in Hainan Dongfang and a 1 million kW wind power project supporting the "Ningxiang DC" new energy base in Shapotou [1]