华润燃气:接驳下滑业绩承压 盈利拐点或已到来

广发证券
11 Apr

核心观点:高基数影响业绩同比下降21.8%,扣非后核心利润同比持平。公司发布2024 年业绩报告,全年实现营收1026.76 亿港元(同比+1.4%),归母净利润40.88 亿港元(同比-21.7%)。剔除23 年重庆燃气、厦门燃气等一次性收益后,核心利润41.47 亿港元同比持平,其中地产影响导致接驳下滑超预期,抵消销气业务的收入利润贡献。24 年财务费用同比减少21.3%,资本开支减少34.7...

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