Gelonghui, May 10 | According to the Shanxi Securities Research Report, Guodian Electric (600795.SH)'s net profit for the first quarter was 1,785 billion yuan, +88.62% over the same period last year. The Q1 performance achieved rapid growth, which was in line with expectations as a whole; a steady, moderate, and slight decline on the revenue side meant slight pressure on the feed-in tariff, a high increase in profit on the cost side, an increase in investment income that exceeded expectations, and Prudential Shendong was not included in the consolidated statement after the bankruptcy and handover of Prudential Shendong. Considering that the company is one of the largest listed power companies with installed capacity in China, it has strong coal-power integration and strong profitability and resource integration capabilities; moreover, the company is expected to achieve an increase in thermal power profitability, restoration of hydropower generation, and rapid growth in new energy power supply in the future. For the first time, coverage was given a “holder-A” rating.
研报掘金丨山西证券：国电电力Q1业绩实现快速增长，首予“增持-A”评级
Research Report Nuggets丨Shanxi Securities: Guodian Electric Power's Q1 performance achieved rapid growth and was first rated “Increased Holds -A”
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