中煤能源央企领航一体化布局,高分红潜力待估值重塑

招商证券
Aug 12, 2025

一、公司背景与投资评级中煤能源 (601898。SH)是由国资委控股的我国第二大煤炭央企,从煤炭进出口公司转型为集煤炭生产与贸易、煤化工、发电、煤矿装备制造四大主业于一体的大型能源企业。其煤炭可采储量居全国第一,致力于打造煤炭全产业链。基于对公司长期盈利能力的信心,首次覆盖给予“强烈推荐”投资评级。二、在建项目与成长潜力中煤能源主营煤炭开发和煤化工业务,当前拥有22座控股煤矿和7座参股煤矿,资源...

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