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中国神华(601088):发布收购预案解决同业竞争煤炭龙头行稳致远
Hua Yuan Zheng Quan·2025-08-06 02:48

Investment Rating - The investment rating for the company is "Buy" (maintained) [4] Core Views - The report highlights the company's acquisition plan to resolve industry competition, indicating a stable and long-term outlook for the coal leader [4] - The company is expected to enhance its coal resource capacity and integrated operational capabilities through the acquisition of assets from the National Energy Group, which is projected to be in the trillion-yuan range [6] - The report anticipates a rebound in coal prices as supply and demand begin to rebalance, making the leading coal stocks more attractive due to their dividend certainty [6] Financial Summary - The company's market capitalization is approximately 746.26 billion yuan [2] - The company's total assets are projected to reach 682.79 billion yuan by 2025 [7] - The estimated revenue for 2025 is 331 billion yuan, with a year-on-year decline of 2.18% [5] - The forecasted net profit attributable to shareholders for 2025 is 53.07 billion yuan, reflecting a decrease of 9.55% year-on-year [5] - The estimated earnings per share (EPS) for 2025 is 2.67 yuan [5] - The company's return on equity (ROE) is expected to decline to 11.84% by 2025 [5]