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研报掘金丨华福证券：华能国际上半年盈利同比向好，维持“买入”评级

Research Reports | Huafu Securities: Huaneng Power International's first-half profit improved year-on-year, maintaining a "buy" rating.

Gelonghui Finance ·  Aug 1 03:58

Huafu Securities research report pointed out that Huaneng Power International (600011.SH) Q2 24 coal-electricity profit increased significantly, benefiting from the decline in fuel costs and financial expenses. The company's net income attributable to mother in the first half of the year increased by 18.16% year-on-year, and the profit improved year-on-year. Among them, the profit of the coal machine sector increased significantly year-on-year but decreased sequentially. The sequential decline may be due to the end of the heating season and the increase in coal consumption for power generation. Looking at the quarterly data, the company's coal-fired electricity sales decreased by 9.65% year-on-year in Q2, and the total profit was RMB 1.155 billion, a year-on-year increase of 74.2%. The corresponding electricity profit per kilowatt hour was RMB 0.0148, a year-on-year increase of 92.8%. The profits of wind power and photovoltaic power both decreased year-on-year and sequentially. Maintain a "buy" rating.

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