研報掘金丨東吳證券:首予佛燃能源“買入”評級,新能源業務穩步增長
東吳證券研報指出,佛燃能源為佛山城燃龍頭,向綜合能源服務企業轉型;實施股權激勵計劃,現金分紅穩定提升。公司統一接收所有進入佛山市地域範圍內的管道天然氣,為佛山市城燃龍頭。截至2025年3月,佛山國資委為公司實控人;全國城燃龍頭港華燃氣為第二大股東,通過技術賦能、資源整合等多種方式與公司進行合作,助力公司向綜合能源服務企業轉型。公司積極實施股權激勵計劃,2020-2024年均超額完成目標。公司股權激勵考核指標包括營收增長率、每股收益、每股分紅及現金分紅比例,2020-2024年均超額完成。公司天然氣供應業務持續穩定發展,新能源業務穩步增長,供應鏈、延伸、科技研發與裝備製造業務多點開花。首次覆蓋,給予“買入”評級。
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