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Should We Be Delighted With China Yangtze Power Co., Ltd.'s (SHSE:600900) ROE Of 15%?
Research Reports Digging丨Yangtze Securities: Maintains 'buy' rating on China Yangtze Power, steady performance outlook for hydropower leader.
According to the research reports from China Yangtze Power Securities, since the beginning of this year, the inflow at the cascaded power stations of China Yangtze Power (600900.SH) has been continuously improving. In the first three quarters of 2024, the total inflow at the Udez Reservoir is approximately 88.852 billion cubic meters, a generous increase of 12.56% compared to the same period last year; and the total inflow at the Three Gorges Reservoir is around 313.11 billion cubic meters, showing a generous increase of 20.26% compared to the same period last year. Compared to the first half of the year, the inflow in the third quarter further increased by 11.40% and 19.67% for the two reservoirs. In contrast to the declining electricity growth rates of other hydropower companies in the third quarter, the company's large hydropower plants have shown remarkable resilience. In addition,
Express News | China Yangtze Power Co Ltd Says Jan-Sept Power Generation About 235.8 Bln Kwh, up 16.0% Y/Y
china yangtze power (600900.SH): In the first three quarters, the total power generation of six domestic cascade power stations increased by 15.97% year-on-year.
According to preliminary statistics from china yangtze power (600900.SH) announced on October 11th by Gelonghui, the total inflow of water from Wudongde Reservoir in the first three quarters of 2024 is approximately 88.852 billion cubic meters, a rich bias of 12.56% compared to the same period last year; the total inflow of water from Three Gorges Reservoir is approximately 313.11 billion cubic meters, with a rich bias of 20.26% compared to the same period last year. In the first three quarters of 2024, the total power generation of the company's six domestic cascade power stations is approximately 235.814 billion kilowatt-hours, an increase of 15.97% compared to the same period last year. Among them, in the third quarter of 2024, the total power generation of the company's six domestic cascade power stations is approximately 1
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.
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