Listed power companies’ first-half performance shows a split between “fire and water”

Recently, A-share power companies have been disclosing half-year performance forecasts one after another. A review shows: companies with a high share of hydropower business saw a significant year-on-year increase in performance; amid preferential dispatch of hydropower during the flood season that squeezes hydro generation, some enterprises’ thermal power generation volumes and profits faced simultaneous pressure, and the industry’s earnings have exhibited a clear divergence between hydro and thermal. Combining the judgments of experts from the China Electricity Council and senior utilities research analysts, together with the persistence of a moderately strong El Niño that continues to lift summer cooling demand, we expect high hydropower industry momentum to continue into the second half. Thermal power, supported by power-supply assurance needs, is also expected to enter a phase of earnings recovery window. (Shanghai Securities News)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned