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研報掘金丨東吳證券:長江電力Q1電量穩增,維持“買入”評級
格隆匯 04-09 14:43
東吳證券研報指出,長江電力(600900.SH)2025Q1來水同比偏豐,發電量穩增。2025年第一季度,烏東德水庫來水總量約167.05億立方米,較上年同期偏豐12.50%;三峽水庫來水總量約555.19億立方米,較上年同期偏豐 11.56%。截至2025/4/8,三峽水庫站水位160.65 米,同比提升1.71 米,為全年發電量提升打下良好基礎。十年期國債收益率下行,紅利標杆長江電力空間打開。2024年十年期國債收益率平均值為2.21%,12月中央經濟工作會議將貨幣政策基調從“穩健”調整為“適度寬鬆”,截至2025/4/8,十年期國債收益率已下降至1.66%。維持“買入”評級。
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