China Three Gorges Renewables (Group) Co Ltd Class A
600905: XSHG (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
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| LOCK|!> | LOCK|R>% | LOCK|>FGQ^f |
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.
