China Galaxy Securities: Performance growth in thermal power and hydropower, New energy Fund entering a new stage of high-quality development.
China Galaxy Securities is Bullish on quality existing projects, focusing on wind power in the installed capacity structure, while also possessing strong cost control capabilities among leading New energy Fund enterprises.
Minsun Securities: The peak season for electricity consumption is approaching, and the fundamentals of the Electrical Utilities Sector are expected to continue to steadily rise.
Minsheng Securities stated that the Electrical Utilities have a characteristic of rigid demand growth, and the peak electricity consumption season will arrive in the second and third quarters. The fundamentals of the Sector are expected to continue to be stable and upward.
Open Source Securities: The supply and demand for Electrical Utilities has shifted to a relaxed state, focusing on stable profit varieties.
Kainuo Securities values the stable profit varieties in the Electrical Utilities Industry and the opportunities for asset injection and restructuring of state-owned enterprises.
[Brokerage Focus] CITIC SEC: Promoting the electrical spot market helps the process of electrical marketization.
Jinwu Financial News | CITIC SEC stated that recently, the General Office of the National Development and Reform Commission and the Comprehensive Department of the National Energy Administration jointly issued the "Notice on Comprehensively Accelerating the Construction of the Electricity Spot Market" (hereinafter referred to as the "Notice"). It focuses on building a nationally unified electricity market based on the requirements of constructing a national unified large market, comprehensively accelerating the construction of the electricity spot market, aiming to achieve full coverage of the electricity spot market by the end of 2025, fully implementing continuous settlement operation, and fully utilizing the spot market's key role in price discovery and supply-demand adjustment for electricity commodities.
Weak Statutory Earnings May Not Tell The Whole Story For Xinchen China Power Holdings (HKG:1148)
Does China Power International Development (HKG:2380) Have A Healthy Balance Sheet?
CHINA POWER (02380) had a consolidated total electricity sales volume of 30.7477 million megawatt-hours in the first quarter, an increase of 2.59% year-on-year.
CHINA POWER (02380) announced that the group's total combined sales of electricity in March 2025 amounted to 1096.1...
Two departments: By the end of 2025, the continuous settlement trial operation of the electrical utilities spot market in the southern region is to be launched.
On April 29, the General Office of the National Development and Reform Commission and the Comprehensive Department of the National Energy Administration issued a notice on comprehensively accelerating the construction of the Electrical Utilities spot market.
[Brokerage Focus] Guotai HAITONG SEC: The understanding of the Electrical Utilities market among companies and investors will change in 2025-2026.
Jinwu Financial News | Guotai HAITONG SEC states that in 2025-2026, both power companies and investors will change their understanding of the electrical utilities market. Currently, the further north you go, the better the coal power generation price: the higher the proportion of new energy, the scarcity of coal power generation is evident. At the same time, this year's annual long-term contract prices in the south have also put pressure on coal power generation there, as power plants shift from pursuing quantity to focusing on price and efficiency, and recently, spot electricity prices in the south have started to rise. It is believed that the possibility of northern electricity prices bottoming out is already quite high, while regional disparities in the south still exist. In the future, we may witness two historic firsts: 1. Rising spot electricity prices in 2025, 2. Increased annual long-term contracts in 2026.
The market may reach a critical juncture in the short term, with Banks and Electrical Utilities showing repeated activity, and the Technology Sector poised to take off.
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A nationwide blackout occurred in Spain and Portugal, and CHINA POWER equipment is expected to accelerate its international expansion.
① On April 28, a large-scale power outage occurred in parts of Spain, Portugal, and southern France, affecting millions of people. ② Wanlian Securities pointed out that against the backdrop of energy transition, the Global Wind Power installed capacity is rapidly increasing, coupled with the upgrade of Power Grid Equipment, leading to stable growth in Global power grid construction investment.
The market is fluctuating in search of main lines, Electric Power stocks are experiencing another surge, and the new policy on tax refunds for departure is attracting attention.
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Highlights from the Brokerage morning meeting: Demand improved in the first quarter, and performance recovery in the Electrical Utilities New energy Fund industry is expected.
In today's Brokerage morning meeting, Sinolink believes that the core logic of incremental policies is becoming clearer; China Securities Co.,Ltd. noted that the current expectations for Fuel Cell Energy vehicles in the Sector are relatively weak, and there might be an upward inflection point in sales during the peak season in May-June; HTSC suggested that the demand is improving in the first quarter, and the performance recovery of Electrical Utilities New energy industry is expected.
CHINA POWER: Annual Report 2024
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Brokerage morning meeting highlights: Focus on sectors benefiting from domestic demand and investment opportunities in new consumer segments.
In today's Brokerage morning meeting, HTSC proposed to focus on investment opportunities in sectors benefiting from domestic demand and new Consumer sub-sectors; China Securities Co.,Ltd. stated that the decrease in Real Estate sales and new starts has significantly narrowed, showing ongoing effectiveness in stabilizing after the decline; Galaxy Securities believes that the coal and electricity regulation ability has been further strengthened, and the reconstruction of the sector's valuation is expected to accelerate.
Green Energy Concept stocks rose broadly, XINTE ENERGY (01799) increased by 1.90%, and the Green Certificate Green Energy Trade in the Southern Power Grid operation area has exceeded 100 billion kilowatt-hours.
Jinwu Financial News | Green Energy Concept stocks are generally rising, XINTE ENERGY (01799) increased by 1.90%, ENN ENERGY (02688) rose by 1.68%, CHINA POWER (02380) went up by 1.37%, Datang International Power Generation (00991) grew by 1.23%, XINYI ENERGY (03868) increased by 1.16%, and Goldwind Science& Technology (02208) rose by 1.15%. On the news front, the latest data from the Guangzhou Power Trading Center shows that in the first quarter of this year, the trading scale of green certificates and green electricity in the Southern Grid operation area reached 128.9 billion kilowatt-hours, corresponding to 0.1289 billion green certificates, achieving explosive year-on-year growth in total trading volume.
CHINA POWER (02380): The restructuring plan has exceeded expectations, and the second growth curve is about to begin.
On the evening of April 16, CHINA POWER International Development Limited (02380) announced a major Assets restructuring plan, further clarifying the details of the restructuring Trade plan.
China's Large-Scale Industries See Faster Resource, Electricity Production in March
National Bureau of Statistics: In March, the production growth rate of above-scale industrial raw coal, Crude Oil Product, Henry Hub Natural Gas, and Electrical Utilities accelerated.
In March, the production growth rates of raw coal, Crude Oil Product, Henry Hub Natural Gas, and Electrical Utilities in large-scale industries accelerated.