China's largest under-construction thermal power plant's new unit has been put into operation, and the performance of thermal power concept stocks is expected to exceed expectations

According to the National Energy Group, the largest coal-fired power plant under construction in China, the No. 8 unit of the Beilun Power Plant in Zhejiang, successfully went into operation on July 6 after 168 hours of full-load trial operation, providing additional electricity security during high-temperature weather. According to statistics from Securities Times·Data Treasure, there are nearly 40 coal-fired power concept stocks, and as of July 6, the average stock price has increased by 7.91% this year, with Huayin Electric Power, BJ Power, and JEI leading in stock price gains. From the performance in the first quarter of this year, although the coal-fired power sector has been affected by the dual adverse factors of declining electricity volume and prices, it still achieved positive growth in performance due to a significant drop in coal prices. Among coal-fired power concept stocks, nearly 70% achieved year-on-year growth in net profit in the first quarter of this year. At a recent press conference for the release of the 2025 Power Supply and Demand Analysis Report, hosted by the State Grid Energy Research Institute Co., Ltd. and the National Climate Center, industry experts predicted that many regions in China will experience higher temperatures this summer, with an expected annual electricity consumption growth rate of around 5%. The elevated temperatures have already driven an increase in coal-fired power generation, and combined with the pressure on coal prices, the performance of some regional coal-fired power companies may exceed expectations