Three companies were selected and discussed with everyone
1、 $CHINA RES POWER (00836.HK)$
Whether it is thermal power assets or green power assets, my personal feeling is that they are the vanguard in the power industry. The break-even point of thermal power is 1091 * 1.13 = 1232.83 if calculated before tax. This is the price of 7000 kcal standard coal. If converted to 5,500 kcal, it is 1232.83 *5500/ 7000 = 968, then if the long-term cooperation price of 570-770 (tax included) required by the government can be fully implemented, the profit limit of 570-770 is expected to recover in the second half of the year (770 long-term cooperation limit) (In terms of price, if converted to 7000 calorific value, it is equivalent to 770*7/5.5 = 980. Considering that low calorific value coal is not efficient and has a certain loss, it is calculated as 1000). However, how exactly did Changxie execute have to wait for 3 seasons to look at the thermal power profit situation in China Resources's bond issuance announcement to make a judgment, so the annual results are not easy to predict.
At present, all 6.3GW of landscape projects are under construction. Of these, 1/3 wind power, 2/3 photovoltaics are expected to add 40 GW of scenery (scenery 1:2), or 50 GW of green electricity in total. This is more than the Three Gorges Energy Plan (the Three Gorges plan has a total of 40 GW at the end of the 14th and 5th year plans), and it is likely that they can be implemented, while the current market value of Three Gorges Energy is about 170 billion yuan, and China Resources is about 70 billion yuan, and...