Gelonghui, June 11 | Haitong Securities Research Report pointed out that the 24Q1 Huaibei Mining (600985.SH) coal sales volume and price fell sharply, but the cost reduction results were significant, leading to an increase in gross margin. There are plenty of projects under construction, and there is room for growth to be expected. The company focuses on the five major directions of upgrading the main coal industry, extending high-end chemicals to new materials, new energy, new construction, and smart logistics, and is expected to become a first-class energy and chemical demonstration enterprise in China. The bank believes that the company's coal business is steady, the growth of new business is abundant, and the performance has strong growth potential. According to comparable company valuations, the company was given 9 to 10 times PE in 24 years according to the PE valuation method, with a corresponding reasonable value range of 21.11 to 23.45 yuan, maintaining a “superior to the market” rating.
研报掘金丨海通证券：淮北矿业业绩具备较强成长性，维持“优于大市”评级
Research Reports - Haitong Securities: Huaibei Mining Holdings performance has strong growth potential, maintain the "outperform the market" rating.
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