JPMorgan: Maintains "Overweight" rating on Longyuan Power (00916.HK), expects Q3 profit to fall about 25% year-on-year

Zhito Finance APP has learned that JPMorgan released a research report stating that China Longyuan Power (00916.HK) is expected to see its third-quarter profit decline by about 25% year-on-year to approximately RMB 830 million, a slight improvement from the 28% year-on-year decline in the first half, supported by stabilizing wind power generation and continued strong solar power generation; the bank maintains an "Overweight" rating on China Longyuan Power with a target price of HKD 7.