民生证券给予中国神华推荐评级：资产收购规模近千亿，成长不误分红

Group 1 - The core viewpoint of the report is a recommendation rating for China Shenhua (601088.SH) with a latest price of 37.56 yuan [2] - The asset scale of China Shenhua is nearly 100 billion yuan [2] - The company emphasizes shareholder returns with a dividend payout ratio of no less than 75% by mid-2025 [2] - The asset portfolio includes multiple large coal mines, significantly enhancing coal resource volume and production capacity after restructuring [2]