The Pacific Research Report pointed out that the short-term volume and price of Longyuan Electric Power's wind power sector is under pressure, and it is actively reserving high-quality projects based on the long term. Net profit attributable to the parent company was 2,393 million yuan in the first half of 2026, or -29.10%; in the second quarter, net profit attributable to the parent company was 769 million yuan, -47.81% YoY and -52.65%. Total installed capacity continues to grow, and the core of the decline in performance is the short-term volume and price pressure of wind power. The company attaches importance to the development of overseas new energy business. Saudi Arabia's 2.2 million kilowatt wind power project successfully passed the selection, the 3 million kilowatt independent energy storage project passed the qualification examination, and the Egyptian 1 million kilowatt wind power project and 500,000 kilowatt photovoltaic project progressed in a steady and orderly manner. The reserve pattern for the continuous and rolling development of the company's overseas projects continues to be stable, and the foundation for overseas development is solid. The company has obtained development indicators for offshore projects with a capacity of about 7 million kilowatts. It is mainly located in Jiangsu, Hainan, Fujian, Guangdong and other regions, and has rich resource reserves. The company is backed by the National Energy Group and has rich reserves of high-quality projects. Fluctuations in wind resources and pressure on electricity prices brought about after Document No. 136 put pressure on short-term performance. As electricity prices bottomed out, new installed capacity progressed in an orderly manner, and driven by policies, the company's performance is expected to reverse. Maintain a “buy” rating.

The Pacific Research Report pointed out that the short-term volume and price of Longyuan Electric Power's wind power sector is under pressure, and it is actively reserving high-quality projects based on the long term. Net profit attributable to the parent company was 2,393 million yuan in the first half of 2026, or -29.10%; in the second quarter, net profit attributable to the parent company was 769 million yuan, -47.81% YoY and -52.65%. Total installed capacity continues to grow, and the core of the decline in performance is the short-term volume and price pressure of wind power. The company attaches importance to the development of overseas new energy business. Saudi Arabia's 2.2 million kilowatt wind power project successfully passed the selection, the 3 million kilowatt independent energy storage project passed the qualification examination, and the Egyptian 1 million kilowatt wind power project and 500,000 kilowatt photovoltaic project progressed in a steady and orderly manner. The reserve pattern for the continuous and rolling development of the company's overseas projects continues to be stable, and the foundation for overseas development is solid. The company has obtained development indicators for offshore projects with a capacity of about 7 million kilowatts. It is mainly located in Jiangsu, Hainan, Fujian, Guangdong and other regions, and has rich resource reserves. The company is backed by the National Energy Group and has rich reserves of high-quality projects. Fluctuations in wind resources and pressure on electricity prices brought about after Document No. 136 put pressure on short-term performance. As electricity prices bottomed out, new installed capacity progressed in an orderly manner, and driven by policies, the company's performance is expected to reverse. Maintain a “buy” rating.