On December 10, Gelonghui reported that Huaneng Lancang River Hydropower Inc. (600025.SH), a large basin hydropower enterprise controlled and managed by China Huaneng Group Co., Ltd., is responsible for the development of hydropower and New energy resources along the mainstream of the Lancang River, maximizing the allocation of basin resources based on the Lancang River basin. In the first half of 2024, the company's controlled units achieved a power generation volume of 46.695 billion kilowatt-hours, an increase of 12.15% year-on-year, and an on-grid power volume of 46.272 billion kilowatt-hours, an increase of 12.36% year-on-year. The water inflow in the first half of the year in the Lancang River basin was approximately 30% higher than the same period last year. Additionally, the company's installed capacity of New energy significantly increased year-on-year, and New energy power generation also saw a substantial year-on-year rise, particularly in the photovoltaic power generation business, which experienced a revenue growth of 321.62% compared to the previous year. The initial coverage gives a "Hold" rating.