[Brokerage Focus] HTSC: The coal and electricity upgrade plan has been released. Bullish on the investment in flexible transformation of thermal power, showing steady growth.

Jinwu Financial News | HTSC stated that the National Development and Reform Commission and the Energy Administration recently officially issued the "Implementation Plan for Special Actions for Upgrading Coal Power 2025-27" (hereafter referred to as the "Plan"), which aims to upgrade specifications related to the depth, speed, and energy consumption of coal power flexibility response Technical Indicator. The bank believes that the introduction of the Plan is to implement the NDRC Energy Administration's "Action Plan for Accelerating the Construction of a New Type of Power System 2024-27" in July 2024, strengthening the bottom-line support role of coal power, alleviating the bottleneck of flexibility resources in the electrical utilities system, and ensuring a solid step for better accommodating new energy Fund. The bank is bullish on the flexibility transformation of national thermal power at 1.6.

Jinwu Financial NewsApr 11 08:35

[Brokerage Focus] CITIC SEC points out that Hong Kong stocks are undervalued in green energy, with valuations having a margin of safety and the expectation for policy improvement.

Jinwu Financial News | According to CITIC SEC Research Reports, from January to February 2025, the overall electricity consumption is expected to grow by 1.3% year-on-year, with a modest growth rate mainly due to warmer winter temperatures and the high base effect from last year's leap year. The growth rate of electricity consumption in the secondary and tertiary sectors, as well as residential use, has all decreased month-on-month; the growth rates in high-energy-consuming regions and coastal areas have both slightly declined. On the supply side, investments in thermal and Nuclear Power have significantly accelerated, while the power grid has continued the strong growth trend seen since 2024, with investment amounts showing a year-on-year growth rate of 33.5%; compared to 2024 data, investments in thermal and Nuclear Power have notably accelerated, but the overall growth rate of power source investments has slowed.

Jingwu Financial NewsApr 9 08:41

Electricity Prices In Asia Projected To Rise Modestly In 2025: BMI

Business TodayApr 3 10:11

Guangzhou Electrical Utilities Trade Center: Promoting the inclusion of Hong Kong and Macau into the southern regional power market.

Chen Wei, deputy general manager of the Guangzhou Electrical Utilities Trading Center, stated that the participation of New Energy Fund in market mechanisms will be improved. This will enhance and enrich market trading mechanisms that adapt to a large volume of distributed energy and new types of participants while strengthening connections and collaboration with diversified markets, such as the carbon market and energy rights market. At the same time, efforts will be made to establish and improve transnational and cross-border electrical utilities trading mechanisms, pushing for the inclusion of Hong Kong and Macau in the Southern Regional Electrical Utilities Market, thereby maximizing the role of market optimization in resource allocation on a larger scale. In the future, the trading center will focus on establishing favorable conditions for the implementation of the "West-to-East Power Transmission" strategy, promoting regional coordinated development strategy implementation, achieving "dual carbon" goals

AASTOCKSApr 2 10:55

Datang International Power Generation (601991): ROE significantly increased, with both the dividend ratio and total amount rising.

Key points: Annual performance increased by 230% year-on-year, ROE significantly improved. The company released the 2024 annual report, achieving revenue of 123.5 billion yuan (up 0.9% year-on-year); net income attributable to shareholders was 4.506 billion yuan (up 2.

GF SECApr 2 00:00

Express News | Fangzheng Securities gave Datang International Power Generation an initial buy rating for its A-shares.

BreakingsApr 1 22:26