内外循环发展

Search documents
国信证券发布嘉化能源研报:国内脂肪醇龙头企业,热电联产成本优势显著
Mei Ri Jing Ji Xin Wen· 2025-08-14 03:34
Core Viewpoint - Guohua Securities issued a report on August 14, giving Jiahu Energy (600273.SH) an outperform rating based on several key factors [2] Group 1: Company Overview - The company focuses on cogeneration, producing and selling steam, fatty alcohols, and chlor-alkali products [2] - It achieves internal and external circular development based on cogeneration [2] Group 2: Competitive Advantages - The chlor-alkali segment benefits from both self-supplied electricity cost and regional advantages [2] - There is a continuous growth in demand for fatty alcohols, with the company leading in market share and profitability [2] Group 3: Shareholder Returns - The company emphasizes shareholder returns through high dividends and share buybacks [2]