Foran Energy(SZ:002911) East Money Securities·2025-10-16 14:42Investment Rating - The report maintains an "Accumulate" rating for the company [5] Core Views - The company has announced a three-year dividend plan, committing to distribute no less than 65% of its annual net profit to shareholders, which is an increase from the previous 40% target [4] - The company is planning to invest in a new green methanol project in Foshan, with an initial capacity of 200,000 tons per year, contributing to its long-term production goals of 1 million tons per year [4] - The company's natural gas business is stable, supported by policy advantages and cost-effective sourcing, ensuring consistent cash flow and profitability [4] Summary by Sections Financial Data - Total market capitalization is approximately 16.81 billion yuan, with a circulating market capitalization of about 16.44 billion yuan [4] - The stock has seen a 52-week high of 14.05 yuan and a low of 10.11 yuan, with a 52-week increase of 28.09% [4] Profit Forecast - Revenue projections for 2025-2027 are 342.95 billion yuan, 375.06 billion yuan, and 404.50 billion yuan respectively, with corresponding net profits of 9.09 billion yuan, 9.95 billion yuan, and 10.62 billion yuan [5][6] - The expected EPS for the same period is 0.70 yuan, 0.77 yuan, and 0.82 yuan, with P/E ratios of 19.27, 17.60, and 16.49 respectively [6]