China Suntien Green Energy Corp Ltd Class H
00956: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| X.Z | LOCK|?$ | LOCK|?>DlMk |
China Suntien Green Energy Earnings: Hit by Impairment Losses and Weak Natural Gas Earnings
Suntien's 2024 net profit dropped 24% year on year, driven by weaker wind farm utilization hours, lower average tariff, and softer earnings from the natural gas segment. It also recognized CNY 308 million in asset impairment losses largely related to wind farm projects.
