Lates News

According to Every AI Flash, Huayuan Securities released a research report on August 23 giving a buy rating to Yanzhou Coal Mining (603071.SH). The reasons for the rating mainly include: 1) Event: the company released its interim report; 2) The gross profit scale of coal-fired cogeneration is steadily increasing, with a year-on-year increase in gross profit margin of 5.48 percentage points, which we believe is mainly benefited from the synergies between coal-fired cogeneration and coal trading, compressed air sales, solid waste disposal and other businesses; 3) The performance of coal trading is under pressure, but sales volume has increased against the trend; recently, coal prices have rebounded, and it is expected that the sector will release upward elasticity; 4) The successful progress of the acquisition of South Lake Technology's coal-fired assets, and the net profit scale of the coal-fired cogeneration sector is expected to expand; 5) New energy: focus on developing energy storage, photovoltaic, wind power and other new energy businesses, with a focus on overcoming engineering and technological bottlenecks such as the demonstration application of molten salt energy storage, the recycling of retired photovoltaic resources, green methanol production and blending; 6) Clear dividend plan, optimistic about the company's value allocation. (Daily Economic News)