Central China's research report points out that SDIC Power Holdings (600886.SH) is a comprehensive energy and electrical utilities listed company under the COFCO Group, mainly focusing on clean energy, with a mix of hydropower, thermal power, and wind power. The company ranks third in installed hydropower capacity among listed companies. In the first half of the year, benefiting from sufficient water supply and lower fuel costs, the company achieved steady performance growth. The company plans to introduce strategic investment and social security funds to advance the construction of hydropower stations in the Yalong River Basin, accelerate the development of clean energy business, continuously optimize thermal power business. Additionally, the company will also continue to strengthen its presence in overseas business, energy storage (including pumped storage), hydrogen energy, and integrated energy fields. Considering the company valuation level and industry development prospects, it is covered for the first time with a 'shareholding' investment rating.