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研報掘金丨天風證券:中國石油業績仍再創新高,維持“買入”評級
格隆匯 03-31 15:10

天風證券研報指出,在油價下跌的背景下,中國石油(601857.SH)2024年度歸母淨利潤1647億,同比+2.0%,再創歷史新高;分紅860億,分紅比例52%,分紅比例同比提升2.2pct。2024年計提減值143億,比2023的290億有所減少,但相較歷史仍是較大體量。其中天然氣銷售板塊價格堅挺,盈利再創近3年新高2024年天然氣銷售國內銷量+3.7%,板塊利潤爲540 億元,同比+25%,主要是海外天然氣價格下降,進口成本降低。A股對應25年分紅收益率5.7%,H股對應25年分紅收益率9.0%。維持“買入”評級。

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