According to the announcement, Sichuan Investment (Panzhihua) applied to Sichuan Investment Energy for increasing the registered capital. Yuchai Nongguang Power, the subject of the transaction, is mainly engaged in power generation, transmission and power supply. In 20021year, the company's operating income was 65.438+66 billion yuan, and its net profit was 80.6708 million yuan.
In the secondary market, the share price of Sichuan Investment Energy began to strengthen in early July, and rose to a new stage high of 65,438+04.06 yuan on July 65,438+03. Since then, the stock price has started to fall again. As of today's close, the company's share price is 12438+0 yuan/share, and the latest market value is 56.46 billion yuan.
According to the data, Sichuan Investment Energy, founded in 1988, is a listed company engaged in power production under Sichuan Investment Group. Through a series of asset reorganization and steady operation, the company has established a development pattern with hydropower clean energy as the main source and railway information industry as the supplement.
On July 5, the company also disclosed the semi-annual performance report for 2022. The company achieved revenue of 4.76 yuan in the first half of the year, up by 65,438+0.865,438+0% year-on-year; The net profit returned to the mother was 65.438+0.56 billion yuan, up 65.438+0.901%year-on-year, of which the net profit in the second quarter reached 65.438+0.02 billion yuan, up 56.5438+0% year-on-year. The company attributed the increase in performance to the increase in investment income of the participating companies in the first half of the year.
According to Caijing. Com, since 202 1, the power generation of Sichuan Investment Energy has decreased. In the first half of 2022, due to the lack of water storage in Renzonghai Reservoir at the end of 2002 10.9 1%, the company's power generation decreased by 10.9 1%.
It is worth noting that in terms of performance, although the company's net profit in 20021and the first quarter of 2022 showed a downward trend, Sichuan Investment Energy still attracted many institutions to investigate. The main reasons include that the company's long-term equity investment has brought huge profits to the company. The data shows that in the first half of the year, the company's investment income increased by 324 million yuan, reaching1739 million yuan, a year-on-year increase of 22.9%.
The 20021annual report shows that the company holds 48% equity of Yalong River Hydropower Company, and the investment income contributed by Yalong River Hydropower Company in 20021year accounts for 9 1% of the company's overall investment income. TF Securities Research Report shows that Yalong River Hydropower Company will realize a net profit of 3.3 billion yuan in the first half of the year, up 20.6% year-on-year, of which the net profit in the second quarter is expected to reach about 65.438+98 billion yuan, up 43. 1% year-on-year.
Soochow securities's research report holds that hydropower projects have long construction period, large project investment, abundant cash flow after stable operation, clear business model, high performance certainty and high depreciation in cost, so cash flow ensures high dividend and dividend yield, which has significant defensive value.
In addition, the dividend ratio of Sichuan Investment Energy has also increased year by year. According to the data, from 20 18 to 202 1, the dividend amount of the company accounted for 37.00%, 50.80%, 52.9 1% and 57.08% of the net profit of the mother, respectively, and the dividend rate of the company in the current period reached 3.7%.
According to the TF Securities Research Report, the net profit of Sichuan Investment Energy in 2022-2024 will be 36.1/40.1/billion yuan, corresponding to the latest PE of15.6/1/.
If you want to know more real-time financial news, please follow us.