On June 5, Longyuan Power fell 3.14% in regular trading, trading at 6.49 HKD/share, with trading volume of approximately 62.51 million HKD.

The decline came amid broad weakness across the renewable electricity sector, driven by growing concerns that the El Nino weather event may significantly reduce wind and solar power generation. The National Climate Center has warned that the probability of an El Nino event in the summer exceeds 80%, which could lead to regional wind speed declines, increased cloud cover, and extreme weather events damaging wind and solar infrastructure.

While the broader power sector has rallied on expectations of record summer electricity demand — with peak national load forecast at 1.6 billion kilowatts, up 90 million kilowatts year-over-year — renewable generators face a unique headwind as El Nino conditions specifically undermine their output capacity. Within the sector, Concord New Energy fell 3.26%, Xinyi Energy fell 2.52%, GCL New Energy fell 2.13%, and Datang Renewable fell 1.79%.

(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.)