研报掘金丨国海证券：首予协鑫能科“买入”评级，能源服务业务有望拉动公司成长

格隆汇09-04

国海证券研报指出，协鑫能科上半年归母净利润5.2亿元，同比+26.4%。2025Q2归母净利润2.7亿元，同比+19.1%。主要是因为公司持续滚动开发分布式光伏项目，不断拓展能源交易服务业务，能源服务收入同比+379%至10.8亿元；电力销售收入稳健增长，同比+3.1%至27.9亿元，主要是因为公司下属风电、热电联产等存量电厂本期业绩同比也有所提升。具体来看，2025H1电力销售/热力销售/能源...

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