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Recently, the surge in green electricity combined with electricity accounting has continued to heat up, and the sector has once again become a market focus. Among them, Huayin Electric Power, although associated with the green electricity concept and recently active, still primarily focuses on thermal power, with new energy revenue accounting for only about 30%, making it a minor player in the pure green electricity camp.
The truly core targets of A-shares in pure green electricity are the following four companies, with green electricity-related revenue exceeding 99% and a high degree of purity in their main business:
1. JinkoSolar
Mainly engaged in the development, operation, transfer, and EPC of photovoltaic power stations, with about 78% of revenue from photovoltaic power generation, and about 18% from residential photovoltaic systems. The combined proportion of photovoltaic-related business exceeds 99%. In weekly chart patterns, it broke through a long-term sideways trend in July last year and has been oscillating upward, recently hitting a new high with increased volume.
2. Energy-saving Wind Power
A leading wind power company backed by central enterprises, with nearly 98% of revenue from wind power business, and also benefiting from green electricity certificates. This week, it broke through a two-year-long sideways trading range since February 2024 with increased volume, reaching a three-year high.
3. Solar Energy
A core photovoltaic operation platform under China Energy Conservation, a central enterprise, with over 99% of revenue from photovoltaic power generation and related businesses. It broke through a sideways pattern of over a year at the beginning of the year with increased volume and has recently been active in the green electricity market.
4. Green Power
A listed platform for green energy under China Green Power, a central enterprise, with over 99% of revenue from green electricity generation. It also achieved a volume breakout this week on the weekly chart, breaking the long-term sideways trend since February 2024. $BTC