CTGR(SH:600905) Ge Long Hui A P P·2025-11-13 06:38Core Viewpoint - The report from Huayuan Securities indicates that Sanxia Energy's net profit attributable to shareholders for the first three quarters reached 4.313 billion yuan, a year-on-year decrease of 15.31%, with a significant drop of 52.87% in the third quarter alone [1] Group 1: Financial Performance - Sanxia Energy's net profit for the first three quarters was 4.313 billion yuan, down 15.31% year-on-year [1] - In the third quarter, the net profit was 498 million yuan, reflecting a substantial decline of 52.87% compared to the same period last year [1] Group 2: Capacity and Project Development - As of the end of June this year, the company had a cumulative installed capacity of 49.94 million kilowatts, with wind power and photovoltaic capacity at 22.97 million and 25.91 million kilowatts, respectively [1] - The company has 13.82 million kilowatts of capacity under construction, with wind and photovoltaic projects accounting for 5.33 million and 4.78 million kilowatts, respectively [1] - There are 26.96 million kilowatts of capacity planned for future construction, with wind and photovoltaic projects at 11.43 million and 15.43 million kilowatts, respectively [1] Group 3: Market Outlook and Policy Impact - The company has a rich project reserve with a balanced proportion of wind and photovoltaic resources, demonstrating its capability in acquiring project resources and providing more options for subsequent project selection [1] - The 1360 document clarifies the development direction for renewable energy during the 14th Five-Year Plan, and combined with various policies, it is expected that marketization and profitability will gradually become clearer during this period [1] - The report maintains an "overweight" rating for the company, indicating a positive outlook based on the current market conditions and policy environment [1]