国海证券研报指出,中国神华(601088.SH)经营稳+高分红(国资央企背景,煤炭产运销一体化运营,低负债、高现金、高分红)。公司截至2024年三年累计分红占比高达224.71%、位于行业第二位,且2025-2027年度股东回报规划中计划现金分红分配利润不低于当年归母净利润的65%,相比2022-2024计划分红比例下限提升5pct,且增加中期分红,红利属性进一步强化。公司具备“煤电路港航”产业链...
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