Gelonghui, March 18 | Guotai Junan Research Report points out that the stable dividend attribute of Changjiang Electric Power (600900.SH) is prominent, and it is believed that the current expected dividend rate does not fully reflect the company's dividend value. Maintain the target price of $28.60 and the “Overweight” rating. Investors are demanding lower returns, and the value of the company's dividends has yet to be fully realized. The market believes that the dividend rate of the company corresponding to the current stock price is not very attractive; we believe that the steady increase in the company's total cash dividend is invaluable. Against the backdrop of investors demanding a decline in return, the company's stable dividend value is expected to increase. In addition, the company's main hydropower business has operated steadily (the average value of incoming water from the Yangtze River Basin has returned to average for many years), and with sufficient cash flow support, the company has the ability to further iron out the impact of short-term incoming water fluctuations by increasing the dividend ratio in years when the incoming water supply is poor, and has a strong stable dividend attribute.