华源证券给予中国神华买入评级，发布收购预案解决同业竞争 煤炭龙头行稳致远

Group 1 - The core viewpoint of the report is that Huayuan Securities has given China Shenhua (601088.SH, latest price: 37.56 yuan) a buy rating due to several positive factors [2] - The company has initiated asset injection again to fulfill its commitment to avoid competition after acquiring Hangjin Energy in early February 2025 [2] - The company's performance in the first half of the year shows strong resilience, and the dividend yield remains relatively attractive [2] - Coal prices are stabilizing, and the supply-demand rebalancing is in its early stages, making the dividends from leading companies more certain and appealing [2]