Guosen Securities International: Maintains "buy" rating on China Datang Corporation Renewable Power (01798.HK) Q3 performance under pressure but significant improvement in cash flow.

According to the Wise Finance APP, Guotai Junan International released a research report stating that it maintains a "buy" rating for Datang New Energy (01798.HK). The company's revenue slightly increased in the first three quarters, but net profit declined year-on-year, mainly due to the impact of falling electricity prices and credit impairment provisions. The company's solar power generation capacity has significantly increased, especially with wind power increasing by over 70% year-on-year. Cash flow has greatly improved due to accelerated government subsidy payments.