东吴证券研报指出，长江电力2025H1发电量稳增，乌东德来水偏丰、三峡来水偏枯。截至2025/7/10，按照分红比例不低于70%的承诺，当前股价对应2025 年股息率3.35%，与十年期国债收益率息差达到1.71%，考虑息差回归，红利标杆长江电力空间打开。公司2025年力争实现3000亿千瓦时发电量，维持2025-2027年对公司归母净利润的预测350.28/367.15/370.87亿元，同比增长7.8%/4.8%/1.0%；维持“买入”评级。
东吴证券研报指出，长江电力2025H1发电量稳增，乌东德来水偏丰、三峡来水偏枯。截至2025/7/10，按照分红比例不低于70%的承诺，当前股价对应2025 年股息率3.35%，与十年期国债收益率息差达到1.71%，考虑息差回归，红利标杆长江电力空间打开。公司2025年力争实现3000亿千瓦时发电量，维持2025-2027年对公司归母净利润的预测350.28/367.15/370.87亿元，同比增长7.8%/4.8%/1.0%；维持“买入”评级。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.