Huayuan Securities released a research report on April 26 stating that Huadian International (600027.SH) was rated to increase its holdings. The main reasons for the rating include: 1) Huadian Group's flagship listing platform, focusing on thermal power, and participating in the new energy business through participation in Huadian Xinneng; 2) the company's development history has placed a deep “Shandong mark” on the company. Currently, Shandong's installed capacity still accounts for more than 40%; 3) Huadian Xinneng is rapidly expanding in scale, and its performance volume exceeds that of Longyuan Electric Power and Three Gorges Energy; at the same time, it has participated in many coal mining companies. The investment income of the coal mine overlaps to a certain extent with the company's coal power business. (Mainichi Keizai Shimbun)