China's Datang Renewable Power nine-month revenue falls

Overview

• China renewable power producer reported unaudited nine-month revenue of RMB 8.21 bln

• Net income attributable to shareholders for nine months was RMB 414 mln

Outlook

• Company did not provide specific guidance or outlook commentary for future quarters or full year in its press release

Result Drivers

• LOWER REVENUE AND HIGHER OPERATING COSTS – Operating profit fell as revenue dropped to RMB8.21 bln from RMB9.41 bln, while operating costs rose to RMB6.16 bln from RMB5.98 bln

• LOWER OTHER INCOME – Other income declined to RMB35.0 mln from RMB302.0 mln, further reducing operating profit

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the independent power producers peer group is "buy."

• Wall Street's median 12-month price target for China Datang Corporation Renewable Power Co., Limited is HK$1.55, about 70.3% above its October 29 closing price of HK$0.91

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago

Reuters Recommended Reads

• Oct 28 - China's CGN Power 9M revenue rises on new nuclear units

• Oct 29 - China clean tech exports to cut global emissions by Brazil-sized amount in 2026

• Oct 27 - Guangdong Investment 9M revenue rises on water resources strength

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)