On June 16, Longyuan Power fell 5.13% in regular trading, trading at HKD 5.73/share, with turnover of HKD 298 million.

On the news front, Bank of America Securities maintained its Underperform rating on the stock, citing concerns that rising coal costs will outpace electricity tariff increases, while green power direct supply remains too small in scale with uncertain economic returns to support profitability.

On the operational side, the company reported cumulative power generation for the first five months declined 1.29% year-over-year, with wind power generation dropping 6.2% cumulatively, reflecting persistently weak fundamentals that continue to weigh on market sentiment.

Additionally, the broader power sector has been under sustained selling pressure, with the power index falling 6.27% over the prior week. Within the Renewable Electricity sector, Datang Renewable fell 3.97% and Xinyi Energy declined 1.92%, indicating industry-wide weakness further dragging down individual stock performance.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)