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On March 20, CHINA RES POWER (00836.HK) held a Board of Directors meeting to approve the annual performance.
On March 7, Gronghui announced that CHINA RES POWER (00836.HK) will hold a Board of Directors meeting on Thursday, March 20, 2025, during which the Board will pass resolutions including (i) approving the company's and its subsidiaries' annual performance for the year ending December 31, 2024, and its publication; and (ii) considering the proposal for the distribution of a final dividend, if any.
CHINA RES POWER: DATE OF BOARD MEETING
Brokerage morning meeting highlights: The Agent application is expected to enter its first year of significant growth in 2025.
At today's Brokerage morning meeting, HTSC proposed that Agent applications are expected to enter a period of significant volume in 2025; Tianfeng stated that in the field of AI Medical, attention should be given to directions related to high-quality data, scarce application scenarios, and multimodal integrated data; Silver Securities believes that the demand for green electricity is expected to see stronger catalysts in 2025.
Galaxy Securities: The 25-year Energy work guidance opinion has been released, adhering to the two main lines of ensuring supply and green development.
The overall goal is to steadfastly adhere to the twin priorities of Energy security and green transition.
The demand for AI applications and overseas has increased, and the orders for grid supporting companies in the first quarter are already "fully booked."
① Power grid supporting companies have sufficient Orders on hand, and some listed companies have successively reported positive earnings forecasts for last year; ② The total scale of domestic power grid investment has increased, and the application of AI along with overseas markets is expected to resonate, likely driving Orders to continue rising this year.
[Brokerage Focus] Guoyuan International: If coal prices continue to decline, it will increase the profitability of thermal power.
Jingwu Financial News | Guoyuan International reported that after the Spring Festival, coal mines in production areas quickly resumed operations, with stable capacity release in major producing regions, and combined with record high imported coal, the overall market supply is sufficient. On the demand side: thermal coal consumption has been lower than normal due to the warm winter, with power plant inventory generally exceeding 20 days. Inventory: both port and social stocks continue to accumulate, which has exerted significant downward pressure on coal prices in the short term. The bank pointed out that after the Spring Festival, coal prices have gradually increased their decline; for example, the Q5500 clearing price at Northern ports on February 21, 2025, was 728 yuan/ton, compared to 938 yuan/ton on February 21, 2024.
