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[Brokerage Focus] China International Capital Corporation points out that there are frequent demand-side policies in the new energy industry and suggests focusing on the undervalued green electricity track.
Jingu Finance | China International Capital Corporation issued research reports indicating that the overall performance of new energy companies in 1H24 was lower than the bank's and market expectations. The profit-making ability of new energy assets in 1H24 continued to decline, reflecting the pressure of utilization hours and comprehensive electricity prices, and the rigidity of costs magnifying the decline in profits. However, with frequent demand-side and environmental value policies in the industry, the bank still recommends focusing on the undervalued green energy track, and recommends China Power (02380) and Huaneng Power International, Inc. (00902). The bank stated that the volume and price of new energy operators are temporarily under pressure, and it is expected to rebalance consumption in the medium to long term. New energy prices may continue to be under pressure, but the impact is diminishing. By 2024
CITIC Securities: The profit decline of the electrical equipment industry narrows, and leading enterprises show significant excess.
The top electrical utilities companies rely on their advantages in products and market layout, as well as their first-mover advantage, to bring significant profitability. Their performance in exceeding industry-wide growth is stable, which aligns well with the current domestic and international resonance in the electrical utilities system construction cycle.
Huaneng Power International's Parent Boosts Stake in Firm
Huaneng Structural Adjustment No. 1 Fund to Take Minority Stake in Huaneng Power International
Huaneng Power Affiliate Acquires More Shares
Huaneng Power International (00902): Huaneng Financial Corporation intends to transfer all of its holdings of 9.9942 million shares of A shares to Huaneng Jiegoutiaozheng No. 1 Fund.
Huaneng International Power Co., Ltd. (00902) issued an announcement. The company received China Huaneng Finance Co., Ltd. (“Huaneng...
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