China Longyuan Power Group Corporation Limited (00916) extended its increase, rising more than 5%. At the time of writing, the stock was up 4.42%, trading at HK$6.88 with a turnover of HK$124 million. On the news front, on April 29, the company disclosed its financial results for the first quarter of 2026. UBS noted that China Longyuan's first-quarter performance was largely in line with market expectations. Net profit for the period fell 14% year-on-year to RMB 1.7 billion, while revenue decreased 4% to RMB 7.9 billion, primarily due to weaker wind power generation. However, solar business revenue grew 27% year-on-year, and operating cash flow increased 5% to RMB 2.9 billion, reflecting a slight improvement in subsidy recovery. Huatai Securities stated in a report that the company's wind and solar installed capacity is steadily expanding, though weaker wind conditions have impacted wind power output. In the first quarter, wind power tariffs rose both year-on-year and quarter-on-quarter, while solar tariffs remained low. Net profit per kilowatt-hour saw a slight annual decline but a significant quarterly increase. With the implementation of tariff mechanisms and the increasing recognition of environmental value, the long-term returns on new energy are expected to stabilize. The brokerage maintains a "buy" rating for both the A-shares and H-shares of China Longyuan Power, anticipating a nearing inflection point in the company's fundamentals.