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Express News | The State-owned Assets Supervision and Administration Commission: Promote the deepening of Industry Chain Global Strategy cooperation among central enterprises, lead the repayment of debts owed to private enterprises, and make every effort to stabilize em
[Brokerage Focus] FIRST SHANGHAI maintains a "Buy" rating on CHINA POWER (02380). The accelerated development of new energy projects will bring stable profit growth.
Jinwu Financial News | FIRST SHANGHAI released a Research Report stating that CHINA POWER (02380) had a consolidated total electricity sales volume of 108,220,668 MWh in the first ten months of 2024, an increase of 30.56% compared to the same period last year. Benefiting from the new installed capacity coming into operation, the company's controllable wind power electricity sales increased by 57.05% year-on-year; photovoltaic electricity sales increased by 79.55% year-on-year. Hydropower benefited from the recovery of water supply in the first half of this year, with electricity sales up 62.62% year-on-year. The company's overall electricity sales growth rate is excellent within the Industry, demonstrating that the company's incremental projects are steadily advancing, thereby driving the rapid development of its electricity sales business. The bank stated that
Express News | The operation company of the Shimane Nuclear Power Plant in Japan stated that there is no abnormality in the reactor water level gauge of unit 2, previously reported as a misjudgment.
FIRST SHANGHAI: Maintains CHINA POWER (02380) "Buy" rating with a Target Price of 4.73 Hong Kong dollars.
CHINA POWER aims for the proportion of clean energy installed capacity to reach 90% by 2025.
Express News | Less than a week after restarting, Japan's Shimane Nuclear Power Plant Unit 2, which had been offline for over ten years, has encountered another malfunction.
Central Bank International: Next year, Nuclear Power prefers CGN MINING. In the Sector, recommend CHINA RES POWER and EB ENVIRONMENT.
ZhONGYIN International released a research report stating that it maintains a "Shareholding" rating for the CHINA POWER Sector; the CECEP Solar Energy Sector is rated "Neutral". Within its research scope, it prefers upstream Uranium mining companies rather than Nuclear independent power plants, therefore for next year, the first choice for Nuclear Power is CGN MINING (01164). As for the power sector, it recommends CHINA RES POWER (00836) and EB ENVIRONMENT (00257). The bank indicated that in 2025, it continues to be Bullish on the CHINA POWER Sector more than the CECEP Solar Energy Sector, despite the expectation of a continuous decline in the effective supply of the solar value chain under the increasing inventory pressure. However, the visibility of demand growth is lacking.
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