China Longyuan Power Announces Q3 Results

On October 31, China Longyuan Power announced the unaudited consolidated results for the first three quarters of 2013.

On the evening of the announcement of results, Jia Nansong, Board Secretary of China Longyuan Power held the videophone conference of global investors, and a total of 96 internationally renowned institutional investors and analysts from Hong Kong, Singapore, America, Europe and Australia, etc. attended the conference.

Under the correct leadership of China Guodian Corporation and the board of directors, China Longyuan Power tightly focused on annual objectives, made solid progress in various aspects, and maintained a sound momentum in production and operation as a whole. By September 30, the operating revenues amounted to RMB 14,108 million, representing an increase of 12.5% year on year. In particular, the operating revenues of wind power reached RMB 7,450 million, representing an increase of 33.58% year on year. Net profits attributable to the parent company amounted to RMB 1,952 million, representing an increase of 13.55% year on year.

According to the caliber of consolidated statements, the generating capacity reached 24,740 GWh, representing an increase of 19.23% year on year, of which, wind power generation capacity accounted for 15,858 GWh, representing an increase of 34.56%. The holding installed capacity reached 10,660,800 kW, representing an increase of 17.88%.

The videophone conference conducted a timely and sufficient communication concerning the business achievements in the first three quarters with the analysts and investors. Capital markets generally recognized the company’s steady business growth, and held that the business growth lived up to market expectation. They also showed high expectations for the company’s development prospect in the future.

Press release, November 4, 2013; Image: clypg