Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82
食品行业报告 - 带你体验刺激的冒险与热血战斗!
随机图片

食品行业报告 - 带你体验刺激的冒险与热血战斗!

更新时间: 浏览次数: 390

400电话:123456(点击咨询)
食品行业报告 - 带你体验刺激的冒险与热血战斗!各观看免费《今日汇总》
食品行业报告 - 带你体验刺激的冒险与热血战斗!各热线观看免费2025已更新(2025已更新)








食品行业报告 - 带你体验刺激的冒险与热血战斗!观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








食品行业报告 - 带你体验刺激的冒险与热血战斗!观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




食品行业报告 - 带你体验刺激的冒险与热血战斗!各区点热线观看免费《今日发布》
Random Image 食品行业报告 - 带你体验刺激的冒险与热血战斗!电话








7天观看免费人工电话为您、食品行业报告 - 带你体验刺激的冒险与热血战斗!团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








食品行业报告 - 带你体验刺激的冒险与热血战斗!各观看免费《今日汇总》2025已更新(今日/推荐)








食品行业报告 - 带你体验刺激的冒险与热血战斗!电话区域:








咸宁市(通城县、咸安区、嘉鱼县、崇阳县、赤壁市、通山县)








衢州市(衢江区、柯城区、常山县、开化县、江山市、龙游县)








云浮市(罗定市、郁南县、新兴县、云安区、云城区)








南阳市(西峡县、南召县、宛城区、唐河县、卧龙区、淅川县、邓州市、镇平县、方城县、桐柏县、社旗县、内乡县、新野县)  黔南布依族苗族自治州(三都水族自治县、惠水县、贵定县、都匀市、福泉市、平塘县、荔波县、长顺县、罗甸县、独山县、龙里县、瓮安县)








常德市(桃源县、武陵区、石门县、安乡县、临澧县、津市市、澧县、汉寿县、鼎城区)








阳泉市(矿区、平定县、郊区、城区、盂县)








嘉兴市(南湖区、桐乡市、海盐县、嘉善县、平湖市、海宁市、秀洲区)新余市(渝水区、分宜县)








德阳市(什邡市、广汉市、中江县、旌阳区、绵竹市、罗江区)  三明市(尤溪县、大田县、建宁县、三元区、宁化县、清流县、将乐县、明溪县、沙县区、泰宁县、永安市)








承德市(双滦区、平泉市、兴隆县、双桥区、承德县、隆化县、滦平县、鹰手营子矿区、宽城满族自治县、丰宁满族自治县、围场满族蒙古族自治县)








株洲市(茶陵县、芦淞区、渌口区、天元区、荷塘区、攸县、炎陵县、石峰区、醴陵市)








大连市(瓦房店市、长海县、庄河市、甘井子区、中山区、旅顺口区、金州区、普兰店区、西岗区、沙河口区)








吕梁市(临县、方山县、柳林县、文水县、孝义市、岚县、离石区、石楼县、汾阳市、交口县、兴县、中阳县、交城县)








汕尾市(海丰县、城区、陆河县、陆丰市)








辽阳市(灯塔市、白塔区、宏伟区、文圣区、辽阳县、弓长岭区、太子河区)








吉安市(吉州区、新干县、永丰县、峡江县、安福县、井冈山市、万安县、青原区、泰和县、永新县、吉安县、遂川县、吉水县)








百色市(隆林各族自治县、田林县、田阳区、凌云县、乐业县、田东县、德保县、靖西市、西林县、右江区、那坡县、平果市)








丹东市(凤城市、振兴区、振安区、元宝区、宽甸满族自治县、东港市)








乐山市(市中区、马边彝族自治县、五通桥区、沐川县、金口河区、峨眉山市、沙湾区、井研县、夹江县、峨边彝族自治县、犍为县)








清远市(连山壮族瑶族自治县、连南瑶族自治县、连州市、阳山县、佛冈县、清城区、清新区、英德市)








柳州市(柳江区、城中区、三江侗族自治县、柳北区、融水苗族自治县、柳南区、融安县、鹿寨县、柳城县、鱼峰区)








平顶山市(卫东区、郏县、鲁山县、汝州市、湛河区、舞钢市、叶县、宝丰县、石龙区、新华区)








马鞍山市(和县、博望区、雨山区、花山区、含山县、当涂县)








梅州市(五华县、梅县区、平远县、蕉岭县、丰顺县、梅江区、兴宁市、大埔县)








铜川市(耀州区、宜君县、印台区、王益区)








鞍山市(立山区、铁西区、海城市、千山区、台安县、铁东区、岫岩满族自治县)








恩施土家族苗族自治州(来凤县、建始县、鹤峰县、咸丰县、巴东县、恩施市、宣恩县、利川市)








大同市(阳高县、左云县、广灵县、平城区、新荣区、云冈区、灵丘县、浑源县、云州区、天镇县)
400电话:123456(点击咨询)
食品行业报告 - 带你体验刺激的冒险与热血战斗!各观看免费《今日汇总》《今日发布》
食品行业报告 - 带你体验刺激的冒险与热血战斗!各观看免费《今日汇总》(2025已更新)








食品行业报告 - 带你体验刺激的冒险与热血战斗!观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








食品行业报告 - 带你体验刺激的冒险与热血战斗!观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




食品行业报告 - 带你体验刺激的冒险与热血战斗!各观看免费《今日汇总》【2025已更新列表】
食品行业报告 - 带你体验刺激的冒险与热血战斗!电话








7天观看免费人工电话为您、食品行业报告 - 带你体验刺激的冒险与热血战斗!团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








食品行业报告 - 带你体验刺激的冒险与热血战斗!中心2025已更新(今日/推荐)








食品行业报告 - 带你体验刺激的冒险与热血战斗!电话区域:








中卫市(沙坡头区、中宁县、海原县)








铜仁市(玉屏侗族自治县、思南县、印江土家族苗族自治县、松桃苗族自治县、万山区、碧江区、德江县、江口县、石阡县、沿河土家族自治县)








日喀则市(定日县、亚东县、白朗县、拉孜县、仲巴县、萨迦县、江孜县、仁布县、谢通门县、岗巴县、昂仁县、聂拉木县、吉隆县、定结县、桑珠孜区、康马县、南木林县、萨嘎县)








珠海市(斗门区、金湾区、香洲区)  安阳市(龙安区、林州市、内黄县、滑县、文峰区、汤阴县、安阳县、北关区、殷都区)








鹤岗市(兴山区、南山区、兴安区、工农区、向阳区、绥滨县、东山区、萝北县)








日照市(五莲县、岚山区、莒县、东港区)








上海市(徐汇区、闵行区、崇明区、杨浦区、静安区、嘉定区、松江区、虹口区、黄浦区、奉贤区、长宁区、浦东新区、青浦区、金山区、普陀区、宝山区)曲靖市(宣威市、会泽县、罗平县、麒麟区、师宗县、富源县、马龙区、陆良县、沾益区)








忻州市(河曲县、繁峙县、五台县、神池县、原平市、代县、保德县、五寨县、忻府区、定襄县、偏关县、岢岚县、静乐县、宁武县)  朔州市(怀仁市、山阴县、右玉县、朔城区、应县、平鲁区)








巴音郭楞蒙古自治州(博湖县、轮台县、和硕县、和静县、若羌县、库尔勒市、尉犁县、焉耆回族自治县、且末县)








淮南市(谢家集区、八公山区、潘集区、凤台县、寿县、田家庵区、大通区)








石嘴山市(平罗县、大武口区、惠农区)随州市(广水市、随县、曾都区)








淮安市(清江浦区、淮安区、金湖县、涟水县、盱眙县、淮阴区、洪泽区)








宿迁市(宿城区、沭阳县、泗阳县、泗洪县、宿豫区)








荆州市(石首市、松滋市、公安县、监利市、江陵县、沙市区、荆州区、洪湖市)








巴中市(平昌县、巴州区、南江县、通江县、恩阳区)








保山市(昌宁县、施甸县、龙陵县、隆阳区、腾冲市)








南昌市(进贤县、青云谱区、安义县、东湖区、红谷滩区、青山湖区、新建区、南昌县、西湖区)








信阳市(潢川县、商城县、息县、罗山县、固始县、新县、光山县、淮滨县、平桥区、浉河区)








广安市(华蓥市、武胜县、岳池县、邻水县、前锋区、广安区)








鄂尔多斯市(乌审旗、准格尔旗、杭锦旗、鄂托克旗、鄂托克前旗、达拉特旗、康巴什区、伊金霍洛旗、东胜区)








湛江市(霞山区、雷州市、徐闻县、遂溪县、坡头区、赤坎区、吴川市、麻章区、廉江市)








贵港市(覃塘区、港北区、桂平市、平南县、港南区)








本溪市(本溪满族自治县、平山区、明山区、溪湖区、南芬区、桓仁满族自治县)








东营市(东营区、利津县、广饶县、垦利区、河口区)








海东市(平安区、互助土族自治县、循化撒拉族自治县、乐都区、民和回族土族自治县、化隆回族自治县)








常州市(新北区、武进区、天宁区、金坛区、钟楼区、溧阳市)








长治市(黎城县、潞州区、壶关县、屯留区、沁源县、上党区、襄垣县、平顺县、武乡县、潞城区、沁县、长子县)

事件

近期,公司发布2024年年度报告以及2025年一季度业绩快报公告。2024年公司实现营业收入61.7亿元,同比+9.67%;实现归母净利润11.3亿元,同比+11.1%。2025年一季度,公司预计实现营业收入15.6亿元,同比+17.5%;预计实现归母净利润3.7亿元,同比+31.1%。

点评

▍抽水蓄能即将进入投产期,参与现货市场初见成效

截至2024年年末,公司抽水蓄能投产装机总规模1028万千瓦,占全国装机容量的17.5%。在建抽水蓄能电站9座,总装机容量1080万千瓦,包括广东的肇庆浪江抽水蓄能电站(120万千瓦)、惠州中洞抽水蓄能电站(120万千瓦)、梅州抽水蓄能电站二期工程(120万千瓦)、茂名电白抽水蓄能电站(120万千瓦),广西的南宁抽水蓄能电站(120万千瓦)、桂林灌阳抽水蓄能电站(120万千瓦)、钦州灵山抽水蓄能电站(120万千瓦)、贵港港北抽水蓄能电站(120万千瓦)、玉林福绵抽水蓄能电站(120万千瓦)。2025年南宁以及梅州抽蓄电站二期项目将全面建成,实现公司“十四五”抽水蓄能投产480万千瓦的目标;“十五五”期间,公司将力争新增投产约1000万千瓦。

2024年7月,广东省能源局、国家能源局南方监管局印发《关于印发广东省抽水蓄能参与电力市场交易实施方案的通知》(粤能电力〔2024〕27号),提出建立健全抽水蓄能参与电力市场交易机制,以市场方式形成电量电价。2024年9月30日,公司发布公告,旗下梅蓄一期电站已于2024年10月起进入电力现货市场交易。我们认为,随着电力现货市场的逐步完善,公司有望通过参与现货市场增厚抽蓄电站的电量电费利润。

▍调峰水电发电量提升带动利润增长,新型储能稳步发展

2024年全年,公司调峰水电厂来水同比增加,发电量同比提升57%至84.8亿千瓦时,带动营业收入同比增加55.5%;新型储能方面,截至 2024年末,公司新型储能电站累计装机规模 65.42万千瓦/129.83万千瓦时(含调试)。2024年年内新建成电化学储能电站3座并进行调试,分别为云南文山丘北储能项目(200MW/400MWh)、海南临高储能项目(20MW/40MWh)、湖南中南水泥厂配储项目(5.1MW/14.7MWh);完成深圳潭头储能电站(5.25MW/11.58Mwh)收购。

▍盈利预测与估值

由于抽蓄电站投产的时间节奏原因,略下调盈利预期,预计2025-2027年公司可实现归母净利润11.56/14.4/15.9亿元(25/26年前值16.5/19.5亿元),对应PE26.4/21.1/19.2x,维持“买入”评级。

▍风险提示

政策推进实施不及预期、来水不及预期、用电需求下降、辅助服务市场发展不及预期等风险、业绩快报仅为初步核算,具体以公司正式季报为准

文中报告节选自天风证券研究所已公开发布研究报告,具体报告内容及相关风险提示等详见完整版报告。

证券研究报告:《南网储能:来水转好带动调峰水电利润提升,抽蓄即将进入投产期》

对外发布时间:2025年4月17日

报告发布机构:天风证券股份有限公司(已获中国证监会许可的证券投资咨询业务资格)

本报告分析师:

郭丽丽执业证书编号:S1110520030001

赵阳 执业证书编号:S1110524070005

(转自:郭丽丽的研究札记)

新闻结尾 食品行业报告 - 带你体验刺激的冒险与热血战斗!的相关文章
全球葡萄酒销量创60年来最低
黄仁勋今年二度到访:中国是英伟达非常重要的市场,希望继续与中国合作
孙俪新剧 丈夫当着妻子面护短情人
商务部回应美对华加征245%关税:毫无意义,不予理会
怎么看待《银河英雄传说》的结尾和未来走向?
贺峻霖killbill
  • 友情链接:
  • 新华时评:各地要以三河牌匾“禁色”为鉴,多要“里子”少图“面子” 王楚钦晋级世界杯四强仅用5天 北大博士回应入职民办高校被指浪费 腾讯宣布史上最大就业计划,三年新增 28000 校招岗位,背后有哪些考量?应届毕业生该怎样抓住机会?

    查看更多评价 ∨