Gelonghui, Feb. 2 | Guoxin Securities Research Report points out that Changjiang Electric Power (600900.SH) is the world's largest listed hydropower company and is gradually forming the world's largest clean energy corridor. The company is also engaged in investment and financing, pumped energy storage, smart integrated energy, new energy, and distribution of electricity. The company is blessed with water resources. It has 5 of the top 12 hydropower plants in the world. Currently, it operates and manages six cascade power plants, with an installed hydropower capacity of 71.695 million kilowatts in the main stream of the Yangtze River, ranking first in the world. The increase in electricity prices, the reduction of financial expenses and depreciation, and the integrated development of wind and solar storage are the core growth points of the company's performance. Against the backdrop of a weak global macro environment and expectations of interest rate cuts, it is believed that the company is expected to continue to be highly attractive to investors with its advantages of steady growth performance, high dividend promises, and high fulfillment expectations. Through multi-angle valuation, the company is expected to have a reasonable valuation of 28-29 yuan/share, with 15% to 22% premium space compared to the current stock price, maintaining a “buy” rating.