我们将2024-26 年归母(核心)净利润预测下调6%/6%/3%至14.5/15.3/17.0亿港币。天然气销量增速受工业需求拖累,但顺价与降本助力毛差持续修复,公司城市燃气业务有望实现温和增长。轻资产模式下,公司工商业分布式光伏权益装机或将保持稳定;分布式光伏政策变化影响有限,看好再生能源的利润与现金流贡献。公司具备高股息特征,若派息比例保持2023 年同等水平(47%),我们预计公司2024...
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