DATANG RENEW (01798) saw its shares drop more than 13%. As of the time of writing, the stock was down 12.9%, trading at HK$1.62 with a turnover of HK$67.4724 million. The movement follows the release of the company's 2023 financial results. DATANG RENEW reported an operating revenue of approximately RMB 12.577 billion, a marginal increase of 0.01% year-on-year. However, net profit attributable to owners of the parent company was about RMB 1.603 billion, representing a significant decrease of 32.59% compared to the previous year. Earnings per share were RMB 0.1666, and a final dividend of RMB 0.03 per share was declared. For the year, the group's revenue from electricity sales was approximately RMB 12.455 billion, a slight decrease of 0.07% year-on-year. This was primarily attributed to the combined effect of increased electricity generation from newly operational projects and a decrease in electricity prices.