HK Stock Movement | CHINA SUNTIEN (00956) Rises Over 4% in Afternoon Session as Q3 Net Profit Surges 123% YoY, Wind Power Business Shows Steady Growth

Stock News
Nov 04

CHINA SUNTIEN (00956) rose over 4% in the afternoon session, reaching a 3.84% gain at press time to trade at HK$4.6, with a turnover of HK$31.73 million. The company recently reported its financial results, posting total revenue of RMB14.445 billion for the first three quarters, down 8.51% year-on-year, while net profit attributable to shareholders increased 4.23% to RMB1.559 billion. In the third quarter alone, revenue stood at RMB3.541 billion, a 3.03% decline YoY, but net profit attributable to shareholders surged 122.98% to RMB147 million.

A previous research report from Changjiang Securities noted that for the wind power sector, policy guidance under Document No. 136 has clarified expectations for stabilizing incremental growth while protecting existing capacity. The company has strategically pivoted away from its solar business to focus on wind power, with a substantial pipeline of wind projects expected to support long-term growth in renewable energy as the industry rebounds. Additionally, its newly approved downstream natural gas power plant projects will enhance gas load levels and contribute directly to incremental earnings, reinforcing optimism about the stability and growth potential of its natural gas business.

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