China Three Gorges Renewables (Group) Co Ltd Class A

600905: XSHG (CHN)
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No Reprieve for China's Renewable Utilities Even as Subsidy Collection Appears to Improve

Cumulative nine-month net profits at China Longyuan, China Suntien Green Energy, China Three Gorges Renewables, and Datang Renewable fell 36%, 16%, 67%, and 75% year over year, respectively. Suntien’s smaller decline was supported by its diversified gas business.

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