On July 3, Guotai Junan's research report pointed out that after the disposal of 50% equity of Guodian Power Development (600795.SH) to Guodian Construction Investment (including Chahausu Coal Mine), the stability of profitability is expected to be further improved. The target price has been raised to 7.28 yuan, maintaining a "shareholding" rating. Due to the impact of the subsidiary coal mine's shutdown, Guodian Construction Investment's net income in 2023 was -490 million yuan. It is believed that the significance of this equity disposal transaction lies not only in short-term one-time income, but also in eliminating market concerns about Chahausu Coal Mine's profitability disturbance. The company has abundant resources in construction and reserve projects, and it is expected that the high capital expenditure will support the long-term sustainable growth of the company's installed capacity. In addition, the increase in shareholding by major shareholders shows the development confidence and long-term growth momentum is abundant.
研报掘金丨国泰君安：国电电力股权处置落地，维持“增持”评级
Research Report | GTJA: The disposal of gd power development's equity has been settled, maintaining a "shareholding" rating.
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