Core Insights - Longyuan Power (00916) reported a revenue of RMB 22.221 billion for the first three quarters of 2025, representing a 3.70% increase in operating revenue compared to the same period last year [1] - The net profit attributable to equity holders of the company was RMB 4.613 billion, a decrease of 19.84% year-on-year [1] Revenue Breakdown - Wind power segment revenue was RMB 19.144 billion, a decrease of 1.82% year-on-year [1] - Solar power segment revenue reached RMB 2.806 billion, showing a significant increase of 64.82% compared to the previous year [1] - Other segments generated revenue of RMB 271 million, reflecting a growth of 19.26% year-on-year [1] Installed 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 and 1,169.49 MW from solar [1] - As of September 30, 2025, the total installed capacity was 43,417.39 MW, comprising 31,543.47 MW from wind, 11,867.82 MW from solar, 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 lower wind speeds [1] Power Generation Performance - The total power 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% [2] - Solar power generation reached 10,354,443 MWh, showing a remarkable increase of 77.98% compared to the previous year [2]

Group 1 - The core viewpoint of the article highlights the financial performance of Liyuan New Energy for the third quarter of 2023, showing modest growth in revenue and net profit compared to the previous year [1] - Liyuan New Energy reported a revenue of approximately 840 million yuan for the first three quarters of 2025, representing a year-on-year increase of 3.26% [1] - The net profit attributable to shareholders of the listed company was about 133 million yuan, reflecting a year-on-year increase of 2.44% [1] - The basic earnings per share stood at 0.14 yuan, with no change compared to the previous year [1] Group 2 - As of the report, Liyuan New Energy has a market capitalization of 7 billion yuan [2]