Ge Long Hui A P P·2025-08-18 07:12Core Viewpoint - China Shenhua is planning to integrate its "coal, electricity, chemical, and transportation" assets to enhance industrial synergy and strengthen shareholder returns through mid-term dividends [1] Group 1: Company Strategy - The company aims to acquire a chemical company to boost its coal chemical industry, which includes coal-to-oil, coal-to-gas, polyolefins, and coal-to-methanol, thereby improving its clean and efficient conversion capabilities [1] - The integrated advantage of the "coal, electricity, transportation, and port" industrial chain is emphasized, with a high proportion of long-term coal sales contracts contributing to stable performance [1] Group 2: Financial Performance - The company expects its net profit attributable to shareholders to be between 23.6 billion and 25.6 billion yuan for the first half of 2025, with a proposed dividend of 18.45 billion yuan [1] - Based on the market capitalization as of August 15, the corresponding dividend yield for A/H shares is estimated at 2.5% and 2.7% [1] Group 3: Investor Returns - The company has a strong focus on investor returns, with a high dividend payout ratio, and is expected to see an increase in valuation driven by state-owned enterprise market capitalization assessments [1]