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Datang Power Sets Strategic Course With Key Approvals
Daiwa reported that the long-term electricity prices results for Guangdong Province in 2025 did not meet market expectations, and the prospects for local coal-fired power plants are not optimistic.
Daiwa issued a research report indicating that Guangdong Province has announced the results of next year's long-term electricity prices, with an average electricity price of 391.9 yuan per megawatt-hour, a year-on-year decrease of 15.9%, and a discount of 13.5% from the local benchmark price. Although there had been significant negative expectations in the market previously, the results are likely to differ greatly from market expectations, and the outlook for local coal power plants is not optimistic, as a large-scale reduction in electricity prices may offset all unit profits for next year. Daiwa expects that China General Nuclear Power (01816.HK) will also be affected by next year's earnings per share, which is projected to decline by 3.8% to 0.089 yuan, implying a dividend yield of approximately 3.4%.
China Galaxy Securities: Spot market pricing is based on supply and demand, and mergers and acquisitions of Electrical Utilities central enterprises are expected to accelerate.
China Galaxy Securities believes that, from the perspective of underlying pricing logic, spot electricity prices are primarily affected by fuel costs and the supply and demand of Electrical Utilities. In the context of declining coal prices, it is expected that thermal power companies in provinces with a high proportion of market coal and strong demand will have supported profitability in 2025.
Datang International Power Generation (00991): Heilongjiang Company provides a guarantee for Jixi Thermal Power Company.
Datang International Power Generation (00991) announced that Datang Heilongjiang Power Generation Co., Ltd. ("Heilongjiang Company") in 2024...
The first data property rights registration certificate for the NENGYUANHANGYE in the country has been issued in Guangzhou.
On December 17, Gluohui reported that the Southern Energy Industry Trusted Data Space (Guangdong) was launched, and the CNI Data Factor Index Ecological Conference was held in Guangzhou. At the conference, Southern Power Grid Guangdong Electric Power Company received the first "Data Property Registration Certificate" issued by the Guangzhou Exchange, which is also the first data property registration certificate obtained in the national energy industry, marking significant progress in Guangdong's structural separation of data property rights and compliant circulation.
Brokerage morning meeting highlights: The construction of a national unified electrical utilities market is accelerating, bullish on three main lines.
In today's brokerage morning meeting, htsc stated that the construction of a national unified electrical utilities market is accelerating, with a bullish outlook on three main lines; Galaxy Securities indicated that 5G applications are expected to develop on a large scale, selecting high-quality symbols with improved marginal prosperity; haitong sec expressed a bullish view on the steady rise of rare earth prices.
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