核心观点电新:重视港股电力设备核心资产港股市场活跃度及表现更好,因此我们强调要继续重视港股电力设备核心资产。电源设备:(1)煤电核准量有望连续4年维持高位:2022-2024年分别核准煤电装机90、83、78GW,2025H1共计核准煤电装机约31GW,与2024年同期基本持平,全年有望突破80GW;(2)用电负荷增长高于用电增长或将是长期趋势,新能源顶峰能力不足,高峰负荷严重依赖常规电源;(3)...
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