研報掘金丨民生證券:陝西煤業長期投資價值高,維持“推薦”評級
民生證券研報指出,陝西煤業(601225.SH)2024年業績穩健,股息率6.8%,高股息凸顯投資價值。據公告,公司2024年收購陝煤集團子公司陝煤電力集團有限公司股權,根據企業會計準則,本次收購構成了同一控制下企業合併,2024年電力集團有限公司納入公司報表範圍。同時,信託資產公允價值變動同比減虧。電力資產的並表使得公司業績穩定性增強,在煤價同比下降的背景下公司業績穩健。電力在建項目裝機規模大,未來盈利有望翻倍。公司資源稟賦行業領先,成本優勢明顯,現金奶牛屬性強,長期投資價值高,維持“推薦”評級。
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