研報掘金丨華福證券:維持長江電力“買入”評級,抽水蓄能建設節奏明顯加快
華福證券研報指出,長江電力1H25烏東德來水偏豐,2Q25發電量基本持平。2025年上半年,公司境內所屬六座梯級電站總發電量約1266.56億千瓦時,較上年同期增加5.01%。根據水電水利規劃設計總院發佈的《抽水蓄能產業發展報告2024年度》預計,2025年全年新增投產規模約800萬千瓦。2025年上半年,全國已完成新增抽水蓄能裝機257.5萬千瓦,佔全年目標的70%,多個項目進入機組安裝調試階段,抽水蓄能建設節奏明顯加快。維持“買入”評級。
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