---
title: "Central China Securities: Initiates \"Buy\" rating for SCTE, stable investment returns and dividends"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/236551043.md"
description: "Zhongyuan Securities has given SCTE its first \"Buy\" rating, expecting the net profit attributable to the parent company to be 4.508 billion yuan in 2024, a year-on-year increase of 2.45%; the net profit attributable to the parent company for the first quarter of 2025 is expected to be 1.479 billion yuan, a year-on-year increase of 16.16%. The company benefits from the growth in hydropower generation and stable rising electricity prices, with stable investment returns. The company has a stable cash dividend per share, and the controlling shareholder intends to increase their shareholding. Based on the company's valuation and industry prospects, a \"Buy\" rating is given"
datetime: "2025-04-18T09:16:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/236551043.md)
  - [en](https://longbridge.com/en/news/236551043.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/236551043.md)
generator: "portal-rs"
---

# Central China Securities: Initiates "Buy" rating for SCTE, stable investment returns and dividends

Zhongyuan Securities research report points out that SCTE's net profit attributable to the parent company in 2024 is expected to be 4.508 billion yuan, a year-on-year increase of 2.45%; the net profit attributable to the parent company in the first quarter of 2025 is expected to be 1.479 billion yuan, a year-on-year increase of 16.16%. The company's investment income is stable, benefiting from the increase in hydropower generation and the steady rise in hydropower electricity prices. In the first quarter of 2025, China's hydropower generation continues to grow, with the company's Yalong River and Dadu River basin construction projects progressing steadily, the second phase of the Laba Mountain wind power project commencing power generation, and the construction of the Dofu pumped storage and Lianghekou mixed pumped storage projects starting successively. Additionally, the company acquired 87% equity in the Hubei Yuan'an pumped storage power station. Furthermore, the company's cash dividend per share is relatively stable, and the controlling shareholder plans to increase its holdings in the company. Considering the company's valuation level and industry development prospects, it initiates coverage and gives the company a "buy" investment rating

### Related Stocks

- [600674.CN](https://longbridge.com/en/quote/600674.CN.md)

## Related News & Research

- [Aneel sets Elektro tariff hike averaging 9.58% from Aug. 27, 2026](https://longbridge.com/en/news/296841627.md)
- [Kremlin says it is acting to minimise impact of Ukrainian strikes on Russian grain exports](https://longbridge.com/en/news/296768591.md)
- [China Changbaishan International Holdings announces special general meeting](https://longbridge.com/en/news/296834310.md)
- [Trump boasts his endorsements are 'stronger than ever'](https://longbridge.com/en/news/296808058.md)
- [UKMTO says tanker struck by unknown projectile off Saudi Arabia's Yanbu](https://longbridge.com/en/news/296755213.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**