Lates News

According to a report released by China Everbright Securities on August 5th, they gave a buy rating to Yongxing Corporation (601033.SH). The reasons for the rating include: 1) Backed by the government of Guangzhou, asset injections support the company's scale expansion; 2) The company has a daily waste incineration capacity of 32,000 tons, and holds a monopoly position in the Guangzhou area; 3) Co-incineration of stale garbage is expected to increase the capacity utilization rate and increase the company's profitability; 4) The company is entering a period of stable operation, with a promised dividend payout ratio of 60% and a forecasted dividend yield of 4% in 2025. (Daily Economic News)