You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
研報掘金丨招商證券:首予中國神華“強烈推薦”評級,持續看好公司盈利能力
格隆匯 07-22 14:53

招商證券研報指出,中國神華以煤炭業務為核心,積極佈局下游電力、鐵路、港口、船舶運輸和煤化工領域。煤電路港航化的縱向一體化經營模式、優質豐富的煤炭資源、領先的產業技術以及強大的財務管理能力是公司的核心競爭力。公司煤礦資源儲量豐富,分佈集中,資源保有量和可採儲量均居國內前列。截至2024年,公司煤炭資源儲量合計344億噸,可採儲量151億噸。2024 年,公司煤炭產量3.27億噸,自產煤銷量3.3億噸,處行業首位,且煤炭可開採年限長達41年。同時,公司已完成對杭錦能源的收購,大雁礦業收購項目推進中,同時積極推進新礦井勘探和開採,預計未來產能將進一步擴張。同時,公司長協(月度+年度)比例超87%,有效平滑煤炭價格波動,降低經營風險,業績增長極具韌性。持續看好公司盈利能力,首次覆蓋給予“強烈推薦”投資評級。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account