Hua Chuang Securities: Bullish on the reconstruction of green electricity valuation order, with a preference for offshore wind with higher certainty.
Looking ahead to 2025, Huachuang Securities' core viewpoint is to focus on the rebuilding of the new order, essentially bullish on the repair of the valuation system of undervalued sectors.
Deep * Company * Fujian Funeng (600483): Profitability restored, abundant project reserves.
The company released the third quarter report for 2024, with a year-on-year performance growth of 8.38% in the first three quarters. The company's profitability continues to recover, with abundant projects under construction and reserve projects. Maintain a shareholding rating. Key points supporting the rating include the performance in the first three quarters of 2024.
fujian funeng (600483) 2024 third quarter report review: stable operation, cherish the opportunity.
Items: In the third quarter of 2024, the company achieved an income of 3.82 billion, a year-on-year decrease of 4.13%; in the first three quarters of 2024, the company achieved an income of 10.485 billion, a year-on-year increase of 1.22%. 2024 third quarter public
fujian funeng (600483): Electricity production volume in the third quarter decreased compared to the previous quarter, but business performance still maintained steady growth.
Event: From January to September 2024, the company achieved revenue of 10.485 billion yuan, a year-on-year increase of 1.22%; achieved a net income attributable to the mother of 1.773 billion yuan, a year-on-year increase of 8.38%; weighted average roe of 7.
Fujian Funeng (600483): Performance slightly lower than expected, approval for Haifeng project in the province is expected to accelerate.
Event: The company disclosed its third quarter report for 2024, achieving revenue of 3.82 billion yuan in 2024Q3, a 4.13% year-on-year decrease, and achieving net income attributable to the parent company of 0.585 billion yuan, a 16.6% year-on-year decrease, slightly lower than
fujian funeng (600483): Approval of multiple controlling and participating projects under construction, with a considerable long-term growth space for performance.
Core points In the first three quarters of 2024, the company achieved revenue of 10.485 billion yuan, a year-on-year increase of 1.22%; net income attributable to the parent company was 1.773 billion yuan, an 8.38% increase year-on-year. In a single quarter, the company achieved net income attributable to the parent company
fujian funeng (600483): The main operation has shown steady performance, and the performance is limited by equity investment income.
The company released its 2024 third-quarter report: In the third quarter of 2024, the company achieved revenue of 3.82 billion yuan, a decrease of 4.13% year-on-year; achieved a net income attributable to the parent company of 0.585 billion yuan, a decrease of 16.60%.
fujian funeng (600483): Q3 performance decline, new contributions from projects under construction.
Event: On October 29, the company released the third quarter report of 2024, achieving revenue of 10.485 billion yuan in the first three quarters of 2024, a year-on-year increase of 1.22%; achieved a net income attributable to the mother of 1.773 billion yuan.
Fujian Funeng (600483): Bullish on Q3 coal-fired electricity pressure, optimistic about the growth space of offshore wind.
Investment Highlights: Event: The company released the third quarter report of 2024. From January to September, the company achieved revenue of 10.485 billion yuan, a year-on-year increase of 1.22%, and achieved a net income attributable to the parent company of 1.773 billion yuan, a year-on-year increase of 8.38%.
Funeng Stock Report for the Third Quarter of 2024
Express News | fujian funeng: Net income in the third quarter decreased by 16.60% year-on-year.
fujian funeng (600483): The wind is weak in the short term for wind power, with stable electricity volume and a steady outlook for thermal power.
The company's third-quarter operation information announcement for 2024: In the third quarter of 2024, each operation power plant of the company completed a power generation of 6.464 billion kilowatt-hours according to the consolidated financial statements, a year-on-year decrease of 3.51%; completed grid connection.
Funeng Co., Ltd. operating information announcement for the third quarter of 2024
fujian funeng (600483.SH) completed a cumulative electricity generation of 17.623 billion kilowatt-hours in the first three quarters, a year-on-year increase of 0.37%.
Fujian Funeng (600483.SH) announced that, according to the company's preliminary statistics, in the third quarter of 2024, the public...
fujian funeng (600483.SH): The cumulative electricity generation in the first three quarters reached 17.623 billion kilowatt-hours, a year-on-year increase of 0.37%
Gelonghui October 21st | fujian funeng (600483.SH) announced that in the third quarter of 2024, each operating power plant of the company completed a generating capacity of 6.464 billion kilowatt-hours according to the consolidated financial statements, a decrease of 3.51% year-on-year; completed a grid-connected power of 6.15 billion kilowatt-hours, a decrease of 3.35% year-on-year; completed a heating volume of 2.5344 million tons, an increase of 3.09% year-on-year. In the first three quarters of 2024, the cumulative generating capacity completed was 17.623 billion kilowatt-hours, a year-on-year increase of 0.37%; the cumulative grid-connected power completed was 16.758 billion kilowatt-hours, a year-on-year increase of 0.47%; cumulative heating completed
Express News | Minsheng Securities: Focus on investment opportunities in the electrical utilities industry.
Express News | Fujian Funeng: The Phase II project of the Quanhui Petrochemical Industrial Park combined heat and power generation project has been approved.
Express News | Fujian Funeng: Approved by the Fujian Provincial State-owned Assets Supervision and Administration Commission to issue convertible bonds of no more than 3.9 billion.
Fujian Funeng (600483): The company's profitability is improving and there is an abundance of energy projects on hand.
Event: the company disclosed its interim report for 2024. In the first half of the year, the company achieved operating revenue of 6.665 billion yuan, a year-on-year increase of 4.57%; achieved net income attributable to shareholders of 1.188 billion yuan, a year-on-year increase of 27.12%. Comment on the total power generation in the first half of the year.
Express News | Fujian Funeng: Participated in 5 nuclear power companies.