No Data
Xinchen China Power Schedules Board Meeting for Financial Results and Dividend Decision
[Brokerage Focus] BOCOM INTL maintains a Buy rating on CHINA POWER (02380), expecting a 53% increase in profits last year with an attractive dividend yield of over 7%.
Jinwu Financial News | BOCOM INTL Research Reports indicate that CHINA POWER (02380) will announce its full-year results for 2024 on March 21. Due to 2024's wind and solar power generation being slightly below expectations, the bank has lowered its 2024 profit forecast by 9.5% to 4.07 billion yuan, representing a 53% year-on-year increase. Looking ahead to 2025, the bank expects the company's unit fuel costs to decrease by 3% year-on-year, but after considering the 2025 thermal power long-term contract electricity price, the bank anticipates a decrease of about 7% in the ignition price difference for thermal power in 2025. In terms of wind and solar projects, the bank expects the utilization rate for 2025 to fall by about 2% year-on-year, continuing the trend.
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.
China Power International Logs 3.55% Slide in January Electricity Sales; Shares Down 3%
[Brokerage Focus] HSBC maintains a "Buy" rating for CHINA POWER (02380), stating that the recent progress in the restructuring of the hydropower sector could act as a catalyst.
Jinwu Financial News | HSBC released a Research Report indicating that CHINA POWER (02380) will announce its performance for the 2024 fiscal year on March 20, which may become a negative catalyst. This is because the bank expects performance to be significantly below expectations, seeking to re-evaluate existing renewable Energy Assets under the new policy support and the slowdown of new investments. The bank has lowered CHINA POWER's profit forecasts for the 2024-2026 fiscal years by 11-30% to reflect the decline in power generation and potential further declines. The bank continued to state that looking ahead, it believes that the progress of CHINA POWER's previously announced hydroelectric power sector restructuring will serve as a positive catalyst. The main downside risk is.
Hong Kong Stock Morning Report | US stocks rebound, China's Golden Dragon Index surges 6.4%, the State Council aims to increase support for Technology enterprises.
① The USA will grant a one month tariff exemption on Autos imported under the USMCA. ② The three major US stock indexes closed higher, with the Nasdaq China Golden Dragon Index rising by 6.4%. ③ The General Office of the State Council stated that efforts should be increased to support equity financing for Technology companies that break through key core technologies. ④ Morgan Asset Management indicates that the process of revaluation of China Assets has just begun.
