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研報掘金丨東莞證券:中煤能源業務覆蓋煤炭全產業鏈,有望持續打開成長空間
格隆匯 04-01 16:03

東莞證券研報指出,中煤能源(601898.SH)業務覆蓋煤炭全產業鏈,包括自產商品煤、煤化工(烯烴、尿素等)、煤礦裝備製造及金融服務,並構建了“煤-電-化-新”循環經濟體系。公司擁有礦業權的煤炭資源量達265.2億噸,可採儲量138.2億噸,證實儲量49.15億噸。公司在煤炭資源量和可採儲量規模上也均屬國內頭部梯隊上市煤企。公司煤炭在建及規劃礦井資源豐富公司擁有裏必煤礦(400萬噸/年,持股51%)和葦子溝煤礦(240萬噸,持股50%)兩個在建煤礦,均預計將在2025年底試生產。此外,大海則二期項目正在規劃中,規劃產能2000萬噸/年,有望持續打開成長空間。公司積極佈局煤化工業務公司的煤炭-新型煤化工協同發展,使得煤化工業務具備一體化的成本優勢,同時也幫助煤炭主業平抑了部分週期性波動,增強了公司抵禦風險能力。

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