China's Datang Renewable Power nine-month revenue falls

China Datang Renewable Power

29/10/2026 09:20

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
Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue
 
RMB 8.21 bln
 
9M Net Income Attributable
 
RMB 414.30 mln
 

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

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(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.)