Flash | 更多一手调研纪要和海外投行报告加V：shuinu9870 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 03 Nov 2024 22:12:01 ET │ 11 pages China Yangtze Power (600900.SS) Maintain Neutral on Hydropower Utilization Cut Risk in 2025E and Excessive Valuations CITI'S TAKE While China Yangtze Power's ('CYP') 9M24 net profit (+30.2% yoy to Rmb28,025m) was better than expected mainly driven by utilization rise (+16.0% yoy to 3,285 hours) of its hydropower plants, we reiterate our cautious view and our market only Neutral rating as (i) the high hydropo ...