China Longyuan Power Group Corp Ltd Class H CLPXF
Morningstar’s Analysis
1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
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Company Profile
Longyuan is China’s largest wind-farm operator with installed capacity of 22GW as of the end 2020, representing 7.9% of nationwide wind capacity. It has more than 300 wind farms spread across 29 regions in China, and has also expanded into Canada and South Africa. Longyuan also owns two coal-fired power plants in Jiangsu, and operates other renewable assets such as solar, geothermal, and tidal energy, on a limited scale. The power generation volume mix is about 83% wind, 17% thermal and the remainder in other renewables. China Energy Investment Corporation, which was created through the merger of China Guodian Corporation and China Shenhua Group, is the major shareholder with a controlling stake of 58.44%.
Beijing, China, People's Republic of