信达证券给予永兴股份买入评级,公司首次覆盖报告:高分红构筑安全边际,优质资产盈利释放可期
Group 1 - The core viewpoint of the report is a "buy" rating for Yongxing Co., supported by its government backing and asset injection for expansion [2] - Yongxing Co. has a waste incineration capacity of 32,000 tons per day, holding a monopoly position in the Guangzhou region [2] - The company is expected to enhance its profitability through co-incineration of aged waste, which may improve capacity utilization [2] - Yongxing Co. is entering a stable operational phase, committing to a dividend payout ratio of 60%, with a projected dividend yield of 4% by 2025 [2]