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研报掘金丨国泰君安:长江电力首次中期分红,重视股东回报,维持“增持”评级

Research Reports Mining | GTJA: China Yangtze Power's first interim dividend, emphasizing Shareholder returns, maintaining a "Shareholding" rating.

Gelonghui Finance ·  Dec 16 15:11  · Ratings

On December 16, Gelonghui reported that GTJA's research reports indicate that China Yangtze Power (600900.SH), as the leader in hydropower with a high dividend payout ratio, maintains a Target Price of 34.32 yuan and a "Shareholding" rating. The company announced its interim profit distribution plan for 2024, proposing a cash dividend of 5.14 billion yuan (corresponding to a cash dividend of 0.21 yuan per share), which accounts for approximately 45.2% of the net income attributable to shareholders in the first half of 2024. This is the company's first interim dividend since its listing, which reflects its continued emphasis on shareholder returns. According to the company's official WeChat account, as of December 14, 2024, the overall storage of the company's stepped reservoirs was about 3.2 billion kilowatt-hours higher year-on-year, and it is anticipated that the favorable water storage situation will ensure power supply during the winter peak period.

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