No Data
No Data
Galaxy Securities January-February Electricity Data Review: High Installed Growth of New Energy and Economic Recovery Driven by Increased Electricity Consumption
In January-February, the electricity consumption of the entire society was 153.6 billion kilowatt-hours, an increase of 11.0% over the previous year.
Dongwu Securities: The thermal power industry paid more attention to regional electricity supply and demand and dividend rates in '24. The three main investment lines are worth paying attention to
Dongwu Securities expects that 2023-2025 will be a year of continuous growth in the thermal power industry's performance. In this context, mainstream thermal power companies are expected to drastically increase their dividend rate levels, and the thermal power industry is expected to usher in high dividend allocation opportunities. It is recommended to focus on the three main investment lines of the industry
China Galaxy Securities: Digital economy accelerates electrification, leading power generation companies are expected to benefit
Along with the country's “dual carbon” energy transformation, green electricity and green computing power are developing collaboratively, and we are optimistic about the long-term growth space of new energy installations; the digital economy empowers spot electricity transactions to help power companies reduce losses and increase profits.
Zhejiang Zheneng Electric Power Co., Ltd.'s (SHSE:600023) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Zhejiang Zheneng Electric Power's (SHSE:600023) stock is up by a considerable 25% over the past three months. But the company's key financial indicators appear to be differing across the board and t
Galaxy Securities: A green and low-carbon economy is a new quality of productivity, and the power industry welcomes new opportunities for development
The Zhitong Finance App learned that Galaxy Securities released a research report stating that the “2024 State Council Government Work Report” proposed a 2.5% reduction in energy consumption per unit of GDP in 2024. “Strengthen the construction of ecological civilization and promote green and low-carbon development.” It is still one of the top ten key tasks of the government in 2024. The current government work report once again clarifies the goals of speeding up the construction of a new energy system and vigorously developing a green and low-carbon economy. Apart from the energy saving and low-carbon environmental protection industry, we continue to be optimistic about the electricity sector. Short-term recommendations for the thermal power sector with policy catalyst, continuous improvement in performance, and room for improvement in valuation; nuclear power and hydropower performance is highly deterministic
Research Report: GF Securities: First “buy” rating given to Zhejiang Energy Electric Power, which is expected to accelerate the utility process
According to the GF Securities Research Report, Zhejiang Energy Power (600023.SH) is the leading coastal thermal power plant, and high ROE is expected to increase dividends and net assets. Referring to peer valuation, the company is expected to accelerate the utilitariization process, and give it a 1.3 times PB valuation in 2024, corresponding to a reasonable value of 6.63 yuan/share, and for the first time, cover a “buy” rating. In 2023, the company's power generation capacity was 163.2 billion kilowatt-hours (+7.4% year-on-year). Currently, the company's thermal power profit has been drastically recovered (23Q3 weighted ROE reached 9.3%, compared to 9.2% in 2020). It is estimated that the net assets of thermal power in operation in 23Q3 have been repaired
No Data