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[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...
China Power International Development (HKG:2380) Will Want To Turn Around Its Return Trends
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