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China Galaxy Securities: Thermal power generation growth rate turns positive, electricity consumption growth rate accelerates.
CITIC Securities released research reports stating that they are bullish on the thermal power sector for the whole year, which has policy catalysts, continuous performance improvement, and valuation potential; they are bullish on the hydropower and nuclear power sectors in the long term, which have high performance certainty and strong dividend capabilities.
Shenwan Hongyuan: Significant profit recovery in hydropower, natural gas, and reduced interest rates bullish for the entire industry.
In the first half of the year, hydropower showed a significant bias towards abundance, with national hydropower generation increasing significantly against a low base. Gas consumption and return are on the rise, with continuous improvement in cost reduction and margin enhancement.
China Galaxy Securities: It is expected that the installed capacity of wind and solar power will hit a new high for the whole year, and the growth rate of thermal power generation in the second half of the year is expected to continue to rise.
Bullish on the thermal power sector with policy catalysts, continuous performance improvement, and potential for valuation increase throughout the year; Long-term bullish on the hydropower sector with high performance certainty and strong dividend capability, as well as the nuclear power sector. New energy is already in the bottom area.
Chongqing Three Gorges Water Conservancy and Electric Power (600116.SH): China Yangtze Power has accumulated a shareholding of 0.7%.
China Yangtze Power (600116.SH) announced on September 4th that as of September 3rd, 2024, the implementation of this shareholding plan has reached the upper limit of the agreed shareholding amount in the plan, and the shareholding plan has been completed. China Yangtze Power has accumulated a total of 13,350,089 A-shares of the company through the Shanghai Stock Exchange system, accounting for 0.70% of the total share capital of the company, with a shareholding amount of approximately CNY 0.1 billion.
Results: China Yangtze Power Co., Ltd. Beat Earnings Expectations And Analysts Now Have New Forecasts
China Yangtze Power's H1 Profit Jumps 28%, Operating Income Rises 12%
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