本报告导读：我们认为，Q2 电价降幅缩窄、煤价降幅扩大，火电业绩将较Q1 进一步增长，清洁能源由于资源整体偏枯业绩或将承压。投资要点：维持“增持” 评级。25年4-5 月，电力、热力生产和供应业实现利润总额1148 亿元，YOY+6.6%（1-3 月YOY+8.1%），行业利润整体不断修复。我们认为，Q2 电价降幅缩窄、煤价降幅扩大，火电业绩将较Q1 进一步增长，清洁能源由于资源整体偏枯业绩或将...
Source LinkDisclaimer: 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.