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China Galaxy Securities: Performance growth in thermal power and hydropower, New energy Fund entering a new stage of high-quality development.
China Galaxy Securities is Bullish on quality existing projects, focusing on wind power in the installed capacity structure, while also possessing strong cost control capabilities among leading New energy Fund enterprises.
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.
Hong Kong stock movement | Goldwind Science& Technology (02208) is currently up nearly 8% as the company has gained market share in overseas markets, with the demand for Sino-European offshore wind expected to resonate.
Goldwind Science& Technology (02208) is currently up nearly 8%, as of the time of writing, up 7.14%, reported at 5.7 Hong Kong dollars, with a transaction amount of 70.8216 million Hong Kong dollars.
[Brokerage Focus] CITIC SEC: Promoting the electrical spot market helps the process of electrical marketization.
Jinwu Financial News | CITIC SEC stated that recently, the General Office of the National Development and Reform Commission and the Comprehensive Department of the National Energy Administration jointly issued the "Notice on Comprehensively Accelerating the Construction of the Electricity Spot Market" (hereinafter referred to as the "Notice"). It focuses on building a nationally unified electricity market based on the requirements of constructing a national unified large market, comprehensively accelerating the construction of the electricity spot market, aiming to achieve full coverage of the electricity spot market by the end of 2025, fully implementing continuous settlement operation, and fully utilizing the spot market's key role in price discovery and supply-demand adjustment for electricity commodities.
Goldwind Science&Technology Co., Ltd. (XJNGF) Q1 2025 Earnings Call Transcript Summary
[Brokerage Focus] Guotai HAITONG SEC: The understanding of the Electrical Utilities market among companies and investors will change in 2025-2026.
Jinwu Financial News | Guotai HAITONG SEC states that in 2025-2026, both power companies and investors will change their understanding of the electrical utilities market. Currently, the further north you go, the better the coal power generation price: the higher the proportion of new energy, the scarcity of coal power generation is evident. At the same time, this year's annual long-term contract prices in the south have also put pressure on coal power generation there, as power plants shift from pursuing quantity to focusing on price and efficiency, and recently, spot electricity prices in the south have started to rise. It is believed that the possibility of northern electricity prices bottoming out is already quite high, while regional disparities in the south still exist. In the future, we may witness two historic firsts: 1. Rising spot electricity prices in 2025, 2. Increased annual long-term contracts in 2026.
