Central China Research Reports pointed out that Sichuan Chuantou Energy (600674.SH) is expected to achieve a Net income of 4.508 billion yuan for the year 2024, representing a year-on-year increase of 2.45%; in the first quarter of 2025, the Net income is projected to be 1.479 billion yuan, a year-on-year increase of 16.16%. The company's investment returns are stable, benefiting from the increase in hydropower station output and steady growth in hydropower prices. In the first quarter of 2025, China's hydropower generation continues to show an upward trend, with ongoing projects in the Yalong River and Dadu River basins, the commissioning of the second phase of the Laba Mountain wind farm, and the initiation of the Doufu pumped storage and Lianghekou mixed pumped storage projects, alongside the acquisition of an 87% stake in the Hubei Yuanan pumped storage power station. Additionally, the company's cash dividends per share remain relatively stable, and the controlling Shareholder plans to increase their Shareholding in the company. Considering the company's valuation level and the industry's development prospects, this is the first coverage with a "Buy" investment rating given to the company.