on november 13, the stock closing price of china longyuan power was hkd8.44, which strongly rose by 18.5% compared with the low-point price in the latest one month.
in the middle of september, the coming out of the message about the wind power price consultation for adjustment initiated by ndrc aroused wide concern of the capital market. due to the obvious fluctuation of stock price of wind power sector listed enterprises and the poor wind resource in september, the largest range of stock price drop among all wind power companies exceeded 10% and longyuan also suffered from a stock price drop to the low point of hkd7.12 on october 17. with a quick response, longyuan power successfully cleared out the doubt of the investors and inspired the investment confidence via a series of combined measures decisively taken by the company, winning an extensive recognition of the capital market.
on september 24, the company, at the wind power development seminar with the theme of “promoting wind power development and constructing green china” held by ziguangge periodical office and china guodian corporation, actively reported the main problems during the current wind power development to the competent authority principals, energy enterprise representatives and experts, and gained wide approval. all the participants proposed their opinions and suggestions on the topic of enforcing the state policy support and promoting healthy sustainable development of the industry. on october 18, li enyi, president of china longyuan power, attended the 2014 sina finance and energy forum, pointing out in his speech that chinese wind power has a weak profitability and lower on-grid price world-widely. for the purpose of the healthy sustainable development of wind power industry, and the accomplishment of the state wind power planning objectives and the energy saving and emission reduction task, he said, we need to constantly strengthen the policy support to the industry, guarantee the normal industrial profitability and boost the confidence of industrial investment and exploitation.
confronting the doubt of capital market, the company positively communicated with the analysts of each major institution and investors through daily one-on-one meeting, teleconference and investor’s summit, so as to fully exchange the ideas with all the capital market participants and answer their questions about the wind power industry and company development in detail. the company also organized a series of activities to cultivate the relationship with investors and exhibit the broad development prospect of the company. in the reverse road show of offshore wind power in 2014, we sufficiently demonstrated our leading advantages and future planning by means of keynote speeches, question answering segments and field investigations etc.. additionally, the company communicated with the analysts and investors in a prompt, efficient and sufficient mode through the release of our unaudited combined performance of the third quarter of 2014 and the teleconference with the global investors.
via the above measures, china longyuan power successfully shifted itself from a passive status to an active one, gradually eliminated the adverse impact and ushered in the strong rebound of its stock price.