Group 1 - The coal sector is increasingly recognized for its "cash cow" attributes, with over 740 million yuan net inflow into coal ETFs (515220) in the past 10 days [1] - The energy structure transformation is a long and complex process, and coal's strategic position as a "supply guarantee" cannot be replaced in the short term, ensuring continued strong demand for the industry [1] - Supply-side dynamics are undergoing significant restructuring, with stricter regulations on safety and environmental standards, leading to a tight capacity release in the industry [1] Group 2 - The overall demand for coal is expected to remain stable with slight growth by 2026, driven by resilient coal power demand and new growth momentum in the coal chemical sector [1] - The coal ETF (515220) has a scale exceeding 9 billion yuan, tracking the CSI Coal Index (399998), with a high dividend yield expected to exceed 6% by the end of 2025 [1] - The reasonable high-level operation of coal prices is anticipated to further enhance industry profitability and dividend capacity beyond expectations [1]
煤炭板块“现金奶牛”属性愈发稳固，资金抢筹布局，煤炭ETF（515220）近10日资金净流入超7.4亿元
Mei Ri Jing Ji Xin Wen·2026-02-02 02:59