Guotong Securities' research report pointed out that Shaanxi Energy (001286.SZ) plans to acquire a 51% stake in Xinfeng Power Generation, and the project reserve has taken another step. By the end of 2023, the company has 9.18 million kilowatts of operating electrical utilities and 22 million tons/year of coal mines in production. The company has ample ongoing and planned projects to support future performance growth. After the company's thermal power and coal mine projects under construction are put into operation, the dividend amount is expected to be more considerable with the increase in profit scale. Maintain a buy-A investment rating and give a 2024 17xPE, with a target price of 14.11 yuan in 6 months.