[Brokerage Focus] FIRST SHANGHAI maintains a "Buy" rating on CHINA POWER (02380). The accelerated development of new energy projects will bring stable profit growth.
Jinwu Finance | FIRST SHANGHAI released a Research Report indicating that CHINA POWER (02380) had a total consolidated electricity sales volume of 108,220,668 megawatt-hours in the first ten months of 2024, an increase of 30.56% compared to the same period last year. Thanks to the new installed capacity, the company's controlled wind power electricity sales grew by 57.05% year-on-year; photovoltaic electricity sales increased by 79.55% year-on-year. Hydropower benefited from a recovery in water levels in the first half of this year, with electricity sales growing by 62.62% year-on-year. The company's overall electricity sales growth rate performed excellently in the Industry, showcasing the steady advancement of the company's incremental projects, thereby driving rapid development in electricity sales business. The bank stated that the public
FIRST SHANGHAI: Maintains CHINA POWER (02380) "Buy" rating with a Target Price of 4.73 Hong Kong dollars.
CHINA POWER aims for the proportion of clean energy installed capacity to reach 90% by 2025.
Hong Kong stocks moving differently | Electric Power stocks are broadly rising today as provincial Trade plans are gradually introduced. Industry valuations have become sufficiently attractive.
Electric Power stocks rose today. As of the time of reporting, Huadian Power International Corporation (01071) increased by 2.4%, reaching HKD 3.84; CGN POWER (01816) rose by 1.82%, reaching HKD 2.79; CHINA POWER (02380) increased by 1.29%, reaching HKD 3.15; CHINA RES POWER (00836) rose by 1.28%, reaching HKD 19.04.
China Power International Development to Reduce Stakeholding in Coal Power Firm
China Power and Huainan Deepen Partnership With Equity Transfer
China Power (02380): Huainan Mining plans to invest approximately 0.153 billion yuan in Pingwei Power Generation.
China Power (02380) announced that on December 6, 2024, the company, Huainan Mining, and Pingui Power Generation (public...
Express News | China Power International Development - Huainan Mining Industry to Acquire 11% Stake of Anhui Huainan Pingwei Electric Power
Express News | China Power International Development - Deemed Disposal of Equity Interest in Pingwei Powe
Brokerage morning meeting highlights: The construction of a national unified electrical utilities market is accelerating, bullish on three main lines.
In today's brokerage morning meeting, htsc stated that the construction of a national unified electrical utilities market is accelerating, with a bullish outlook on three main lines; Galaxy Securities indicated that 5G applications are expected to develop on a large scale, selecting high-quality symbols with improved marginal prosperity; haitong sec expressed a bullish view on the steady rise of rare earth prices.
Tianfeng Securities: The evolution of the assessment 'guiding stick' guiding central enterprises towards high-quality transformation.
Tianfeng released a research report stating that the State-owned Assets Supervision and Administration Commission proposed that the overall goal management system for central enterprises in 2024 should remain unchanged with 'one profit and five rates', with specific requirements being 'stable profit growth and continuous optimization of the five rates'.
Xinchen China Power Sets Strategic Agreements
Citic Securities: The construction of a new electrical utilities system promotes the sustainable development of the power grid. It is expected that the investment growth rate of the power grid in 2025 will maintain double-digit growth.
In 2025, electrical utilities construction will continue to focus on the long-term requirements of "dual carbon" transformation and the construction of new power systems, continuing the trend of balancing the main grid and the distribution side of electrical utilities.
Returns On Capital At China Power International Development (HKG:2380) Have Hit The Brakes
Guozheng International: From January to October, the data on electricity generation maintained a high growth rate. It is suggested to pay attention to china power (02380) and others in the electrical utilities industry.
Guotai Junan International recommends investors to pay attention to China Resources Power (00836), China Power (02380), and China Longyuan (00916).
IDC: In 2023, the market size of big data platforms + application solutions in the China power industry will exceed 1.8 billion yuan
IDC data shows that in 2023, the big data market size in china reached 17.93 billion yuan, a growth of 24.6% compared to 2022.
In the first ten months, china power's electricity sales increased by over 30% year-on-year, and c vocational ed's revenue exceeded 1.2 billion yuan in the last fiscal year | Selected announcements from Hong Kong stocks on November 25.
① China Electric Power's electricity sales increased by more than 30% year-on-year in the first 10 months. How fast was the performance growth rate in October? ② China's vocational education revenue in the last fiscal year exceeded 1.2 billion yuan. How profitable is it?
China Power's Electricity Sales Surge With Renewables Boost
china power (02380.HK) total consolidated electricity sales volume in October was 9.7505 million megawatt hours, up 20.59% year-on-year
Gelonghui reported on November 25 that china power (02380.HK) announced that based on the company's preliminary statistics, the group’s consolidated total electricity sales volume for October 2024 was 9,750,483 megawatt-hours, an increase of 20.59% compared to the same period last year; while the consolidated total electricity sales volume for the first ten months of 2024 was 108,220,668 megawatt-hours, an increase of 30.56% compared to the same period last year.
Express News | China Power International Development - October Combined Total Electricity Sold 9,750,483Mwh
China Logs 15% Rise in Installed Power Generation in January-October
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