Longyuan (0916.HK, Buy, March 7 close HK$6.77) announced its February powergeneration data.
The conclusions- In line with expectation: For wind power, the January-February combined windpower generation grew by 20% (excluding the effect of an earlier Chinese New Yearholiday this year), tracking in line with our FY2017 forecast.
- Lower wind resources:We estimate that wind resources available to Longyuanfell by 3% yoy in February based on its geographic exposure and reported regionalwind speed.
The following charts put recent data points in context.