Source Report: On May 19, at 14:13, Longyuan Power Group (0916.HK) announced its revenue forecast for the first quarter of 2025, projecting a revenue of 81.4 billion yuan, which represents a slight increase of 0.92% compared to the same period last year. The company is also expecting a net profit of 19.77 billion yuan, marking a decrease of 21.82% year-on-year.
The forecast for the first quarter of 2025 suggests that the company’s revenue from wind power generation is estimated to reach 41.15 billion yuan, which is a 10% increase compared to the previous year, while revenue from hydropower generation is expected to be 10.70 billion yuan, reflecting a significant increase of 65%.
The growth rate of wind power generation is anticipated to exceed that of overall power generation, primarily due to the large capacity additions in the wind resource sector. It is believed that the relative increase in wind power will provide a substantial supply of renewable energy, especially in light of recent advancements in new energy technologies.
Wind energy has become a key player in the shift towards cleaner energy sources, and its development trajectory aligns with the growing demand for sustainable energy solutions. The company is committed to enhancing its wind power capacity and is optimistic about its future contributions to the energy landscape.
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