Market Brief

The articles are produced in Chinese only.

Author

陳招富先生 (Anthony Chan)
經理

現任職輝立經理,樂意與客戶研究買賣策略。歡迎各位來電交流心得
Phone:
22776655

華潤電力控股有限公司 (836)

Tuesday, December 20, 2022 Views7944

華潤電力控股有限公司 (00836HK)

公司簡介

集團主要從事火力發電(包括燃煤電廠和燃氣電廠)、可再生能源(包括風力發電、水力發電及光伏發電)及煤礦開採業務。

疫情低下2022年上半年業績逐漸修復。2022年前10個月附屬電廠累計售電量達到1.52億兆瓦時,同比增加了4.9%。
截至2022年6月止半年度,集團營業額上升17.8%至504.09億元。
火電營業額增加21.4%至389.2億元,佔總營業額77.2%,錄得分部虧損20.27億元,主要由於煤價上漲導致火電燃料成本增加。較2021年度報告火電分部虧損71.56億元,同比減少虧損71.7%。
可再生能源營業額上升7%至114.89億元,佔總營業額22.8%,分部利潤增加8.8%至61.33億元。可再生能源分部占淨資產的比重達到81.1%。

火電裝機基本穩定而風電和光伏等清潔能源裝機增長迅速,維持力爭“十四五”期間。

潛在風險
1.政策效果不及預期
2.疫情因素影響
3.煤價上漲
4.用電量下降

筆者建議可以在13.82 EMA 55天平均線附近買入,止蝕價13.3。目標價14.66元。

註:本人陳招富為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益。

 

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
Top of Page
Contact Us
Please contact your account executive or call us now.
Research Department
Tel : (852) 2277 6846
Fax : (852) 2277 6565
Email : businessenquiry@phillip.com.hk

Enquiry & Support
Branches
The Complaint Procedures
About Us
Phillip Securities Group
Join Us
Phillip Network
Phillip Post
Phillip Channel
Latest Promotion
E-Check
Login
Investor Notes
Free Subscribe
Contact Us