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研报掘金丨中金:陕西煤业收购与分红并重,红利股属性有望进一步凸显

Research reports dig deep | Zhongjin: shaanxi coal industry's focus on acquisition and dividends, the potential of dividend stock attributes is expected to further highlight.

Gelonghui Finance ·  Dec 9 13:35  · Ratings

On December 9, Glorious Holdings reported that china international capital corporation's research report pointed out that shaanxi coal industry (601225.SH) plans to acquire equity in Shaanxi Coal Electrical Utilities Group and distribute a mid-term dividend for the third quarter of 2024. This acquisition is expected to help the company reduce related-party transactions, increase revenue scale, and stabilize coal price fluctuations through the "coal-electricity integration" upstream and downstream synergy model, enhancing the company's dividend stock characteristics. Additionally, the company plans to distribute a mid-term dividend of 0.103 yuan per share (including tax) for the third quarter, accounting for 19% of the third quarter's eps. Adding the mid-term dividend of 0.103 yuan per share (including tax) for the first half of this year, we estimate that the cumulative cash dividend for the first three quarters will be 0.212 yuan per share (including tax), which accounts for 12.9% of the company's eps for the first three quarters.

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