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研報掘金丨東興證券:中國神華高額現金分紅領跑行業,維持“強烈推薦”評級
格隆匯 04-11 15:21

東興證券研報指出,中國神華(601088.SH)23年淨利潤實現596.94億元,同比減少14.3%。主要原因是煤炭銷售價格下跌,自產煤單位生產成本上升,自產煤、外購煤銷售成本上升,導致盈利回落。公司深化煤電聯營,拓展新項目,未來產能增量有望持續。公司持續高額現金分紅,繼續領跑行業。2023年分紅總額為449.03 億元(含税),高額分紅有望持續保持。公司在售電業務加速發展,發電業務經營情況持續向好。同時伴隨資產注入及在建礦井逐步投產,公司煤炭業務有望迎來產量外延增長,貢獻穩定業績。維持“強烈推薦”評級。

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