Dynagreen(601330) 证券之星·2025-04-03 00:07Group 1 - Recently, Jinglin Asset conducted research on two listed companies: Yanhai Co. and Green Power [1][2] - Yanhai Co. focuses on producing lithium resources for electric vehicle batteries, supporting the development of the new energy vehicle sector [1] - Green Power has implemented various measures to enhance performance and profitability, including centralized procurement and refined management, leading to a decrease in environmental protection fees [2] Group 2 - Green Power anticipates a continued decline in financial expenses due to long-term loan repayments and falling market interest rates [2] - The company expects a national subsidy repayment of 372 million yuan in 2024, which is better than in 2023, with three new projects added to the subsidy list [2] - By the end of 2024, national subsidies are projected to account for 34% of revenue, while waste treatment fees will represent 55% [2] Group 3 - Green Power plans to reduce capital expenditures to 500 million yuan in 2024 and will continue to lower future capital expenditures [2] - The company maintains a dividend payout ratio of 71%, with future dividends to be determined based on operational performance [2] - Green Power is exploring collaboration with central enterprises for an EPC project bid in Malaysia and is actively seeking acquisitions of quality projects [2]