3月核心荐股

Investment Rating - The report provides a positive investment rating for the renewable energy sector, highlighting specific companies such as China Power (2380.HK) and China Resources Power (0836.HK) as key players with strong growth potential [2][3]. Core Insights - The report emphasizes the establishment of a flagship platform for renewable energy by China Power, with a target for clean energy to account for 90% of its portfolio by 2025, indicating a significant growth trajectory [2]. - China Resources Power is noted for its strategic shift towards clean energy, benefiting from regulatory changes that have positively impacted coal prices, leading to a reversal in profitability for thermal power [2]. - The report identifies smart energy storage as a new growth area for companies, enhancing overall valuation levels [2]. - The report also highlights the strong performance of BYD (1211.HK) in the electric vehicle market, with a notable 160% year-on-year increase in sales in February 2025 [3]. Summary by Company China Power (2380.HK) - Market capitalization: 374 million HKD - Latest price: 3.02 HKD - Key points: Establishment of a renewable energy flagship platform, target of 90% clean energy by 2025, and growth in smart energy storage [2]. China Resources Power (0836.HK) - Market capitalization: 941 million HKD - Latest price: 18.18 HKD - Key points: Regulatory changes benefiting thermal power profitability and accelerated transition to clean energy [2]. BYD (1211.HK) - Market capitalization: 11,065 million HKD - Latest price: 363.60 HKD - Key points: Significant sales growth in electric vehicles, with 320,000 units sold in February 2025, and expectations for continued rapid growth in domestic and overseas shipments [3]. Longyuan Power (0916.HK) - Market capitalization: 1,077 million HKD - Latest price: 6.09 HKD - Key points: Resource distribution advantages and potential for valuation recovery as the market improves [2]. Xiaomi Group (1810.HK) - Market capitalization: 12,793 million HKD - Latest price: 50.95 HKD - Key points: Breakthrough in high-end smartphone market and positive outlook for Xiaomi's automotive segment [2]. 康龙化成 (3759.HK) - Market capitalization: 476 million HKD - Latest price: 15.42 HKD - Key points: Strong growth in drug development services and low valuation with expected recovery in performance [3].