External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

Equity Bottom-Up

China Three Gorges Renewables / Equity Bottom-Up

<ul><li>CTGR reported a 10.31% YoY increase in 3Q23 electricity generation, with wind and solar power showing robust growth.</li><li>Cumulatively, from 1Q23 to 3Q23, the company’s electricity generation grew by 13.36% YoY to 40.03bn kWh.</li><li>We remain optimistic about CTGR’s full-year power generation. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CTGR reported a 10.31% YoY increase in 3Q23 electricity generation, with wind and solar power showing robust growth.Cumulatively, from 1Q23 to 3Q23, the company’s electricity generation grew by 13.36% YoY to 40.03bn kWh.We remain optimistic about CTGR’s full-year power generation. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CTGR Group (600905 CH) – Robust 3Q23 Power Generation

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>About 50 Chinese state-owned companies are trying to bolster investor confidence by rolling out share buybacks or plans by big stockholders to expand their holdings after a series of other measures to prop up the stock market fell short.</li><li>China’s benchmark CSI 300 Index has dropped more than 6% this year, despite supportive government policies that included halving the stamp duty on stock trades and lowering the minimum ratio for stock purchases through margin financing in August.</li><li>The index gained 0.35% Tuesday.</li></ul>

About 50 Chinese state-owned companies are trying to bolster investor confidence by rolling out share buybacks or plans by big stockholders to expand their holdings after a series of other measures to prop up the stock market fell short.China’s benchmark CSI 300 Index has dropped more than 6% this year, despite supportive government policies that included halving the stamp duty on stock trades and lowering the minimum ratio for stock purchases through margin financing in August.The index gained 0.35% Tuesday.

State-Owned Companies Buy Back Shares to Boost Investor Confidence 

<ul><li>CTGR Group announced its 1H23 results, with in-line business operation but operating cost missing expectations.</li><li>CTGR achieved revenue of RMB13.70bn, up by 12.98% YoY. Attributable NP was RMB4.52bn, dropped by 10.10% YoY.</li><li>Although CTGR reported solid operation in electricity generation and slightly beat on-grid tariff, the increase in costs and operating expenses (under updated accounting standards) led to a drop in earnings. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CTGR Group announced its 1H23 results, with in-line business operation but operating cost missing expectations.CTGR achieved revenue of RMB13.70bn, up by 12.98% YoY. Attributable NP was RMB4.52bn, dropped by 10.10% YoY.Although CTGR reported solid operation in electricity generation and slightly beat on-grid tariff, the increase in costs and operating expenses (under updated accounting standards) led to a drop in earnings. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CTGR Group (600905 CH) – Sound Business Operation; Rising Depreciation Drags on Earnings

<ul><li>China Three Gorges Renewables (CTGR) is one of the pioneers among new energy power operators.</li><li>The Company is a subsidiary of CTG, whose actively develops wind and solar power.</li><li>CTGR plans to achieve a newly installed capacity of 5,000 MW in solar and wind power in 2023, with installation progress expected to accelerate in 2H23.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China Three Gorges Renewables (CTGR) is one of the pioneers among new energy power operators.The Company is a subsidiary of CTG, whose actively develops wind and solar power.CTGR plans to achieve a newly installed capacity of 5,000 MW in solar and wind power in 2023, with installation progress expected to accelerate in 2H23.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CTGR Group (600905 CH) – Green Power Giant Forges Ahead

China

China Three Gorges Renewables (Group) Co.,Ltd. operates renewable energy generation businesses. The Company generates onshore wind power, photovoltaic power, wind power, hydropower, solar power, and other power products. China Three Gorges Renewables (Group) also operates investment businesses.

China Three Gorges Renewables (600905 CH)

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China Three Gorges Renewables (600905 CH)

CTGR Group (600905 CH) – Robust 3Q23 Power Generation

Cumulatively, from 1Q23 to 3Q23, the company’s electricity generation grew by 13.36% YoY to 40.03bn kWh. We remain optimistic about CTGR’s full...

CMB International

State-Owned Companies Buy Back Shares to Boost Investor Confidence

About 50 Chinese state-owned companies are trying to bolster investor confidence by rolling out share buybacks or plans by big stockholders to...

Caixin Global

CTGR Group (600905 CH) – Sound Business Operation; Rising Depreciation Drags on Earnings

CTGR Group announced its 1H23 results, with in-line business operation but operating cost missing expectations. CTGR achieved revenue of...

CMB International

CTGR Group (600905 CH) – Green Power Giant Forges Ahead

CTGR plans to achieve a newly installed capacity of 5,000 MW in solar and wind power in 2023, with installation progress expected to accelerate in...

CMB International

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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