2024年电力数据点评：全年新能源装机超过350GW，用电量增速提升

Investment Rating - The report assigns a "Recommended" investment rating for all analyzed utility companies [4]. Core Insights - The utility sector is projected to show strong earnings growth, with several companies expected to outperform the market significantly [4]. - The report highlights the earnings per share (EPS) forecasts for key companies, indicating a positive trend in profitability [4]. Summary by Relevant Sections Earnings Forecasts - Huaneng International (600011.SH): EPS forecasted to grow from 0.54 in 2023 to 0.90 in 2025, with a PE ratio decreasing from 11.8 to 7.0 [4]. - Huadian International (600027.SH): EPS expected to rise from 0.44 in 2023 to 0.70 in 2025, with a PE ratio dropping from 11.2 to 7.1 [4]. - Guodian Power (600795.SH): EPS projected to increase from 0.31 in 2023 to 0.52 in 2025, with a PE ratio decreasing from 13.5 to 8.2 [4]. - Inner Mongolia Huadian (600863.SH): EPS forecasted to grow from 0.31 in 2023 to 0.43 in 2025, with a PE ratio declining from 13.4 to 9.6 [4]. - Other companies such as Jiangsu Guoxin (002608.SZ) and Longyuan Power (001289.SZ) also show similar positive trends in EPS and PE ratios [4]. Valuation Metrics - The report provides a comprehensive valuation analysis, indicating that many companies are trading at attractive PE ratios compared to their earnings growth potential [4]. - The PE ratios for 2024E and 2025E suggest that the sector is undervalued, presenting potential investment opportunities [4].