国盛证券:11月社会用电、供电同比增长 建议关注火电灵活性改造龙头等

智通财经
Dec 25, 2025

智通财经APP获悉,国盛证券发布研报称,国家能源局发布1-11月电力消费情况,国家统计局公布11月份能源生产情况。1-11月份以及11月当月,全社会用电量均同比增长;供给方面,11月电力生产稳增,风光增速显著加快。建议关注有红利化高股息火电龙头以及电价相对稳健&煤电一体化企业,以及火电灵活性改造龙头,同时把握水电、核电防御性,燃气板块建议关注盈利修复同时稳定分红的优质龙头。国盛证券主要观点如下:...

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