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Two departments: The electrical quantity of new energy projects going online will in principle enter the electrical utilities market entirely, with the online electricity price formed through market trading.
The National Development and Reform Commission and the National Energy Administration issued a notice on "Deepening the Market-oriented Reform of New Energy Grid Connection Prices to Promote High-quality Development of New Energy."
Research Reports on Investment Opportunities丨China Securities Co.,Ltd.: Maintain a 'Buy' rating for Datang International Power Generation, with performance in 2024 expected to increase significantly year-on-year.
The CSC Research Reports indicate that Datang International Power Generation (601991.SH) is expected to achieve a Net income of approximately 4.2 billion yuan to 4.8 billion yuan in the 2024 fiscal year, representing a year-on-year growth of about 208% to 252%. The significant year-on-year growth in the company's performance for 2024 is primarily attributed to the improvement in thermal coal costs resulting in a rebound in thermal power profits, the increase in water supply enhancing hydropower profits, and the steady growth of clean energy benefits. It is believed that the company's performance in Q4 2024 will improve year-on-year mainly due to the low level of thermal coal prices, leading to a recovery in thermal power profitability; however, the performance is expected to decline quarter-on-quarter primarily due to asset impairment losses and relatively low water supply in Q4 2024.
Datang International Power Generation (HKG:991) Hasn't Managed To Accelerate Its Returns
Datang Power 2024 Annual Results Advance Announcement
Datang International Power Generation's net profit is expected to more than double last year, benefiting from efforts to reduce fuel costs | Interpretations
① With both thermal and hydropower making strong efforts, Datang International Power Generation's net profit last year more than doubled year-on-year; ② Looking ahead to 2025, the industry generally believes that Thermal Coal prices will be in a narrow fluctuation trend.
Datang International Power Forecasts Up to 252% Surge in 2024 Profit
