Understanding the Market | CHINA SUNTIEN rose over 4% in the afternoon, with a nearly 123% year-on-year increase in net profit for the third quarter and steady growth in wind power business

China Suntien Green Energy rose over 4% in the afternoon, and as of the time of writing, it was up 3.84%, trading at HKD 4.6, with a transaction volume of HKD 31.7299 million. In terms of news, China Suntien Green Energy recently released its performance report, showing a total operating revenue of RMB 14.445 billion for the first three quarters, a year-on-year decrease of 8.51%; the net profit attributable to the parent company was RMB 1.559 billion, a year-on-year increase of 4.23%. Looking specifically at the third quarter, the company achieved an operating revenue of RMB 3.541 billion, a year-on-year decrease of 3.03%; the net profit attributable to the parent company was RMB 147 million, a year-on-year increase of 122.98%. Changjiang Securities previously released a research report stating that for the wind power business, under the policy guidance of Document No. 136, the expectation of protecting existing capacity and stabilizing incremental growth has become clear. The company has currently clarified its divestment from the photovoltaic business and is strategically focusing on the wind power business. The large number of wind power projects the company has reserved will ensure the long-term growth of its green electricity business against the backdrop of an industry recovery. The approved downstream natural gas power plant projects will enhance the natural gas load level and will also directly contribute to incremental revenue, and the company remains optimistic about the stability and growth potential of its natural gas business leading to value recovery