Lates News

According to a report released by Huayuan Securities on September 8th, they have given Buy rating to Qianyuan Power (002039.SZ). The reasons for the rating include: 1) Performance under pressure due to water shortage in the first half of the year, currently no approved construction of equipment; 2) Clean energy platform in Guizhou region under the State Power Investment Corporation, with major shareholders increasing their holdings showing confidence and support for development; 3) Wujiang Hydropower, located in Guizhou under the group, has an annual gross profit of 3 billion yuan with 9GW of hydropower installed capacity; 4) Short-term performance may be affected by rainfall fluctuations, but its cash flow value continues to be evident. (Daily Economic News)