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China Longyuan Power Group Corp Ltd Class H 00916

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Stock XHKG Rating as of
HK$5.07 +0.01 (0.20%)
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Weak Wind Resources and Lower Tariffs Continue to Pressure China Longyuan's Earnings

Chokwai Lee

Founded in 1993, Longyuan is a pioneer in China’s wind power development. This first-mover advantage, coupled with a capable management team, enabled the firm to secure better wind farm locations, which helps to maximize wind farm utilization rates. Longyuan’s annual wind power utilization hours have consistently outperformed the industry average in China by more than 50 hours during the past decade. Longyuan is the world’s largest wind power producer with consolidated installed wind capacity of about 32.1 gigawatts as of end-2025.

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Price vs Fair Value

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00916 is trading at a LOCK|<J$X#V premium.
Price
HK$5.07
Fair Value
Q.q
Uncertainty
LOCK|Pyj
1-Star Price
LOCK|.@c
5-Star Price
LOCK|B&
Economic Moat
LOCK|f<!
Capital Allocation
LOCK|^NJ!w&V

Bulls Say, Bears Say

Bulls

Longyuan is one of the main beneficiaries of China’s ambitious renewable targets, and the firm is poised to post strong renewable power capacity growth.

Bears

Increasing contribution from grid-parity projects will lower Longyuan’s future returns.

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Trading Information

Previous Close Price
HK$5.06
Day Range
HK$5.02–5.13
52-Week Range
HK$4.95–8.57
Bid/Ask
HK$5.02 / HK$5.07
Shares Outstanding
8.36B
Market Cap
HK$42.38B
Volume/Avg
18M / 16M

Key Statistics

Price/Earnings (Normalized)
10.47
Price/Sales
1.30
Dividend Yield (Trailing)
3.57%
Dividend Yield (Forward)
3.57%
Dividend Payment Schedule
Jun, Dec
Total Yield
3.57%

Company Profile

Longyuan is China’s largest wind power operator, with consolidated installed wind capacity of 32.1 gigawatts as of end-2025. Its wind farms are widely distributed across China, and the company has also expanded overseas, including projects in Canada and South Africa. In addition to wind, Longyuan owns renewable assets in solar and tidal energy. Wind accounts for about 70% of consolidated installed capacity, with the remainder from solar and other renewables. China Energy Investment—formed through the merger of China Guodian Corporation and China Shenhua Group—is the controlling shareholder with a stake of about 58.7%.
Sector
Utilities
Industry
Utilities - Renewable
Stock Style Box
Large Core
Total Number of Employees
7,928
Website
http://www.clypg.com

Competitors

Valuation

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Metric
00916
01798
00836
Price/Earnings (Normalized)
 10.4725.047.18
Price/Book Value
 0.480.290.79
Price/Sales
 1.300.510.90
Price/Cash Flow
 1.800.752.70
Price/Earnings
00916
01798
00836

Financial Strength

Metric
00916
01798
00836
Quick Ratio
 0.641.280.69
Current Ratio
 0.681.310.76
Interest Coverage
 2.801.695.31
Quick Ratio
00916
01798
00836

Profitability

Metric
00916
01798
00836
Return on Assets (Normalized)
 1.32%0.80%3.34%
Return on Equity (Normalized)
 4.67%4.69%12.35%
Return on Invested Capital (Normalized)
 2.59%1.74%4.78%
Return on Assets
00916
01798
00836

Utilities - Renewable Industry Comparables

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—LOCK|?&&!^$23B
 Fortum Oyj ADR
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—LOCK|?B<^$23B
 EDP Renewables SA ADR
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—LOCK|dk$14B
 EDP Renewables SA
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—LOCK|%$$14B
 China Longyuan Power Group Corp Ltd ADR
CLPXY
—LOCK|x%$13B

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