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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.
Fujian Funeng (600483): Wind power generation efficiency is steadily improving, and new projects are opening up growth opportunities.
Event: The company released its annual report for 2024 and the first quarter report for 2025. In 2024, the company achieved revenue of 14.563 billion yuan, a year-on-year decrease of 0.90%, and realized a Net income of 2.793 billion yuan, same.
Fujian Funeng (600483): In Q1 2025, the net profit attributable to shareholders grew by 43% year-on-year, bullish on the company's long-term growth potential.
Company announcement for the 2024 annual report and the 2025 first quarter report: 1) Performance: In 2024, the net profit attributable to the parent company reached 2.793 billion yuan, a year-on-year increase of +6.47%; In the fourth quarter of 2024, the net profit attributable to the parent company was 1.02 billion yuan.
Fujian Funeng (600483): The Fire Green Wing shows excellent performance with steady growth in annual results.
Event description: The company released its 2024 annual report: In 2024, the company achieved revenue of 14.563 billion yuan, a decrease of 0.90% year-on-year; it achieved a net income of 2.793 billion yuan, an increase of 6.47% year-on-year. Event evaluation.
Fujian Funeng (600483): Plans to distribute a mid-term dividend of no less than 10%; ongoing projects are being continuously promoted.
Performance Review 2024 and 1Q25 results met our expectations. Fujian Funeng announced the results for 2024: revenue of 14.6 billion yuan, -0.9% year-on-year; net income of 27.9 million.
Nuclear Power is receiving a strong boost! The State Council has approved the Zhejiang Sanmen Phase III project and other Nuclear Power projects.
Analysis suggests that this is undoubtedly a significant Bullish factor for the Nuclear Power Industry Chain.