智通财经APP获悉，华润电力(00836)午前跌超4%，截至发稿，跌4.09%，报18.76港元，成交额2.94亿港元。
大和发布研报称，华润电力股价自3月中旬以来上涨了9%，认为其分拆华润新能源首次公开募股(IPO)带来的估值提升，及点火价差扩大的预期已基本反映在股价中。2025年下半年，鉴于水电可能表现强劲进一步加剧电力供应过剩，大和预计这一逆风将持续，华润电力的31%月度和现货交易预计将受到这一趋势的影响。因此，该行将华润电力的2025至2026年收入预测下调1%至2%。
报告还指出，6月至今，江苏省的月度电价较去年同期下跌24%，从每兆瓦时410元人民币(下同)降至313元。华润电力因其在江苏省的产能占比高达17%，成为主要受影响对象。此外，华润电力在广东省的占比为9%，该省在2025年前五个月电价也较去年同期下降8%至23%。
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