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Express News | China Yangtze Power Co Ltd Says Jan-Sept Power Generation About 235.8 Bln Kwh, up 16.0% Y/Y
china yangtze power (600900.SH): In the first three quarters, the total power generation of six domestic cascade power stations increased by 15.97% year-on-year.
According to preliminary statistics from china yangtze power (600900.SH) announced on October 11th by Gelonghui, the total inflow of water from Wudongde Reservoir in the first three quarters of 2024 is approximately 88.852 billion cubic meters, a rich bias of 12.56% compared to the same period last year; the total inflow of water from Three Gorges Reservoir is approximately 313.11 billion cubic meters, with a rich bias of 20.26% compared to the same period last year. In the first three quarters of 2024, the total power generation of the company's six domestic cascade power stations is approximately 235.814 billion kilowatt-hours, an increase of 15.97% compared to the same period last year. Among them, in the third quarter of 2024, the total power generation of the company's six domestic cascade power stations is approximately 1
China Galaxy Securities: Thermal power generation growth rate turns positive, electricity consumption growth rate accelerates.
CITIC Securities released research reports stating that they are bullish on the thermal power sector for the whole year, which has policy catalysts, continuous performance improvement, and valuation potential; they are bullish on the hydropower and nuclear power sectors in the long term, which have high performance certainty and strong dividend capabilities.
Shenwan Hongyuan: Significant profit recovery in hydropower, natural gas, and reduced interest rates bullish for the entire industry.
In the first half of the year, hydropower showed a significant bias towards abundance, with national hydropower generation increasing significantly against a low base. Gas consumption and return are on the rise, with continuous improvement in cost reduction and margin enhancement.
China Galaxy Securities: It is expected that the installed capacity of wind and solar power will hit a new high for the whole year, and the growth rate of thermal power generation in the second half of the year is expected to continue to rise.
Bullish on the thermal power sector with policy catalysts, continuous performance improvement, and potential for valuation increase throughout the year; Long-term bullish on the hydropower sector with high performance certainty and strong dividend capability, as well as the nuclear power sector. New energy is already in the bottom area.
Chongqing Three Gorges Water Conservancy and Electric Power (600116.SH): China Yangtze Power has accumulated a shareholding of 0.7%.
China Yangtze Power (600116.SH) announced on September 4th that as of September 3rd, 2024, the implementation of this shareholding plan has reached the upper limit of the agreed shareholding amount in the plan, and the shareholding plan has been completed. China Yangtze Power has accumulated a total of 13,350,089 A-shares of the company through the Shanghai Stock Exchange system, accounting for 0.70% of the total share capital of the company, with a shareholding amount of approximately CNY 0.1 billion.
Investing in China Yangtze Power (SHSE:600900) Five Years Ago Would Have Delivered You a 77% GainNo Data
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