行情回顾：上周电力板块上涨1.09%，沪深300 指数上涨0.03%， 电力板块跑赢大盘1.06 个百分点。2021 年初至今电力板块上 涨12.65%，沪深300 指数同期下跌6.16%，电力板块年初至今 累计跑赢大盘18.81 个百分点。分子板块看，上周火电、水电 和燃气板块涨跌幅分别为1.27%、1.14%和5.49%。

投资要点及重点公司盈利预测 ............................................................................................................................... 3

重点公司盈利预测 ........................................................................................................................................... 4

电力及公用事业周度行情回顾 ............................................................................................................................... 5

上周电力板块跑赢大盘，估值仍保持较低水平............................................................................................ 5

个股表现 ........................................................................................................................................................... 7

周度高频数据汇总 ................................................................................................................................................... 8

秦皇岛煤价环比下跌0.91%，同比上涨75.95% ............................................................................................ 8

秦港库存上周环比减少3.71%，同比增加6.45% .......................................................................................... 9

月度基本面数据汇总 ............................................................................................................................................. 10

2021 年10 月全社会用电量同比增长6.1% ................................................................................................. 10

2021 年10 月发电量上升3% ........................................................................................................................ 11

国内煤炭产量同比增长4.0%，进口量同比上涨96% ................................................................................. 13

2021 年10 月天然气产量同比增长0.5%，进口同比增长22.7% ............................................................... 14

重点新闻及公告汇总 ............................................................................................................................................. 15

重点新闻 ......................................................................................................................................................... 15

重点公告 ......................................................................................................................................................... 16

风险分析 ................................................................................................................................................................. 17