信达证券给予兖矿能源买入评级,兖煤澳洲量增价稳本降,下半年业绩改善可期

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Aug 20, 2025

信达证券8月20日发布研报称,给予兖矿能源(600188.SH,最新价:12.88元)买入评级。评级理由主要包括:1)2025上半年国际煤炭价格持续回落,随着旺季需求来临,三季度煤炭价格已企稳回升;2)商品煤权益产量较快增长,受天气干扰上半年销量下降,公司预计9月之前消化积压库存;3)现金成本同比下行稳居指引中位,下半年或延续降本趋势;4)2025年兖煤澳大利亚有望实现净利润4.4亿澳元,有望为...

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