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研報掘金丨申萬宏源研究:維持長江電力“買入”評級,看好公司長期經營穩定性
格隆匯 01-22 15:19
申萬宏源研究指出,長江電力(600900.SH)24年歸母淨利325.20億元,同比增長19.36%,其中Q4歸母淨利潤44.95億元,同比下降21.35%,略低於我們的預期,主要系三季度以來水偏枯導致4Q24發電量低於去年同期。全年發電量同比穩定增長,來水轉枯導致4Q24發電量同比減少。至2024年9月30日公司負債總額同比減少231.38億元,9M24公司財務費用減少9.77億元。看好4Q24及2025年財務降費趨勢延續,進一步增厚公司整體業績。看好公司長期經營穩定性,在建抽蓄項目投產後可為公司提供成長性,維持“買入”評級。
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