研报掘金丨开源证券:维持永泰能源“增持”评级,海则滩煤矿建设提速

Core Viewpoint - Yongtai Energy has announced significant progress in the construction of the Haizetang coal mine project and plans to repurchase shares worth 300-500 million yuan for cancellation, indicating strong confidence in long-term development [1] Group 1: Business Development - The construction progress of the Haizetang coal mine project has exceeded expectations, which is a positive signal for the company's business development [1] - The company's initiatives reflect a commitment to enhancing operational capabilities and long-term growth potential [1] Group 2: Capital Operations - Yongtai Energy plans to repurchase shares valued at 300-500 million yuan, which is aimed at share cancellation, demonstrating proactive capital management [1] - This move is expected to enhance shareholder value and reflects the company's confidence in its future performance [1] Group 3: Financial Forecast - The profit forecast for 2025-2027 is maintained, with expected net profits of 580 million, 1.05 billion, and 1.47 billion yuan, reflecting a year-on-year change of -62.6%, +79.9%, and +40.2% respectively [1] - Earnings per share (EPS) are projected to be 0.03, 0.05, and 0.07 yuan for the same period, corresponding to price-to-earnings (PE) ratios of 61.4, 34.1, and 24.3 times [1]