公用事业行业电力环保2025年半年报业绩前瞻:供需宽松与现货提速 电源业绩继续分化

华源证券
25 Jul

近日,部分电力环保企业已经披露其上半年业绩预告,从结果上看,电力板块业绩预告集中三个区域,分别为京津冀、广东以及上海。我们预测,火电企业上半年业绩表现区域分化,全国公司业绩持续改善;新能源企业表现个体差异化明显;水电核电业绩仍然稳健。我们在第18 周周报中简要分析电力板块今年一季度表现情况,本报告简要分析上半年业绩分化原因并展望后市,考虑到下半年面临次年全国各省中长期电价谈判,直接影响火电、新能源...

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