HK Stock Market Move | DATANG RENEW (01798) falls more than 3% electricity generation in the first nine months increased by more than 10% Three departments adjust value-added tax policies for wind power generation and other industries.

DATANG RENEW (01798) fell more than 3%, as of the press release, it fell 3.45% to 2.52 Hong Kong dollars, with a turnover of 64,634.1 million Hong Kong dollars. On the news front, on the evening of October 17, DATANG RENEW announced that as of September 30, 2025, the group had completed a cumulative electricity generation of 25,890,603 megawatt hours in 2025, an increase of 11.68% compared to 2024. Among them, wind power generation reached 21,840,558 megawatt hours, an increase of 7.40% year-on-year, while solar power generation reached 4,050,045 megawatt hours, an increase of 42.22% compared to 2024. It is worth noting that the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation jointly issued the "Announcement on Adjusting the Value-Added Tax Policy for Wind Power Generation." According to the announcement, the "Notice of the Ministry of Finance and the State Administration of Taxation on the Value-Added Tax Policy for Wind Power Generation" issued in 2015 will be abolished starting November 1 of this year. At that time, in order to encourage the use of wind power generation, a policy of a 50% value-added tax refund was implemented for taxpayers selling self-produced electricity products generated using wind power. While canceling the above preferential policies, the announcement specifies that from November 1, 2025, to December 31, 2027, a 50% value-added tax refund policy will be implemented for taxpayers selling self-produced electricity products generated using offshore wind power. Some analysts believe that this means the country has abolished the 50% value-added tax refund policy for onshore wind power but has retained this policy for offshore wind power in the short term. This may be because onshore wind power technology is very mature, costs are competitive, and no longer need special tax incentives.