登录新浪财经APP 搜索【信披】查看更多考评等级 转自：新华财经 新华财经北京12月20日电（记者沈寅飞）12月19日晚间，中国神华发布《发行股份及支付现金购买资产 并募集配套资金暨关联交易报告书》，此次重组拟收购国家能源集团旗下12家核心企业股权，资产总规 模超2000亿元。 根据中国神华发布的报告书，公司拟通过发行股份及支付现金方式，收购控股股东国家能源集团旗下12 家核心企业股权，交易价格为1335.98亿元。这次重组覆盖了煤炭生产、坑口煤电、煤化工和煤炭物流 等关键能源领域，并计划向不超过35名特定投资者募集配套资金。此次重组采用"股份+现金"方式支付 对价，并募集配套资金。 从政策背景看，2024年以来，证监会持续优化并购重组政策体系，鼓励上市公司通过资源整合提升核心 竞争力。国务院国资委也多次强调，鼓励央企控股上市公司积极开展有利于提高投资价值的并购重组， 这为中国神华此次交易提供了有力的政策支撑。 业内人士指出，这笔交易可谓A股市场上最大规模的发行股份购买资产。不同于简单的规模扩张，此次 专业化整合深刻契合当前资本市场改革要求，是资本市场服务实体经济、央企兑现市场承诺、上市公司 践行高质量发展的 ...

Core Viewpoint - China Shenhua announced a significant acquisition plan involving the purchase of equity stakes in 12 companies from its controlling shareholder, China Energy Investment Corporation, for a total transaction price of approximately 133.6 billion yuan [1][2]. Group 1: Transaction Details - The acquisition will be financed through the issuance of A-shares and cash payments, with a total cash payment of 93.52 billion yuan, representing 70% of the overall transaction value [1]. - The transaction involves companies across various sectors, including coal, coal power, and coal chemical industries, which will enhance China Shenhua's core business capacity and resource reserves [1][3]. - The total assets of the 12 target companies are reported to be 233.42 billion yuan, with a net asset value of 87.40 billion yuan as of July 31, 2025 [2]. Group 2: Financial Impact - Post-transaction, China Shenhua's total revenue is projected to increase to 206.51 billion yuan for the first seven months of 2025, with a net profit of 32.64 billion yuan [3]. - The company's coal reserves will increase to 6.849 billion tons, a growth rate of 64.72%, while the recoverable coal reserves will rise to 3.45 billion tons, reflecting a 97.71% increase [3]. - The earnings per share are expected to rise to 1.54 yuan, marking a 4.4% increase [3]. Group 3: Strategic Significance - The acquisition aims to resolve industry competition issues, optimize resource allocation, and enhance core competitiveness, which is crucial for strengthening national energy foundations and boosting market confidence [2]. - The transaction is expected to create favorable conditions for promoting clean production, optimizing capacity matching, and improving profitability [3].

2025.12.20 本文字数：913，阅读时长大约1.5分钟 来源 |长安街知事、证券时报e公司、中国经营网 12月19日，中国神华能源股份有限公司（简称中国神华）(601088)发布公告，披露重大交易计划。 中国神华表示，拟收购控股股东国家能源集团旗下12家核心企业股权，交易价格总计为1335.98亿元， 业务覆盖煤炭、坑口煤电、煤化工等多个领域。 | 交易典型 | 交易时方名称 | | --- | --- | | 我们教会及文付现金的关资产 | 政家庭龄控资集团有限责任公司 | | | 因家使用象团示面發展投资在限公司。 | | 基层配食物金 | 不超过35 机将合条件的特定对象 | 中国神华公告部分内容 交易具体情况为：中国神华通过发行A股股份及支付现金的方式购买国家能源集团持有的国源电力 100%股权、新疆能源100%股权、化工公司100%股权、乌海能源100%股权、平庄煤业100%股权、神延 煤炭41%股权、晋神能源49%股权、包头矿业100%股权、航运公司100%股权、煤炭运销公司100%股 权、港口公司100%股权，并以支付现金的方式购买西部能源持有的内蒙建投100%股权；同时，上市公 司拟向 ...

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Group 1 - The core viewpoint of the news is that China Shenhua is significantly enhancing its coal resource capacity and production through a series of acquisitions, which will optimize its business operations and improve profitability [1][2]. - The total payment for the transactions involving 12 target companies amounts to 133.6 billion yuan, with a cash payment ratio of 70% [1]. - The acquisitions will increase China Shenhua's coal reserves to 6.849 billion tons, a growth rate of 64.72%, and its coal production capacity to 512 million tons, a growth rate of 56.57% [2]. Group 2 - China Shenhua's earnings per share (EPS) for 2024 is projected to rise to 3.15 yuan per share, an increase of 6.1%, and for the first seven months of 2025, EPS is expected to reach 1.54 yuan per share, an increase of 4.4% [2]. - The company reported a revenue of 213.15 billion yuan for the first three quarters of 2025, a year-on-year decrease of 16.60%, and a net profit attributable to shareholders of 39.05 billion yuan, a decrease of 10.00% [2]. - The decline in performance is attributed to lower coal sales volume and average selling prices, as well as reduced electricity sales volume and prices [2].

1 2月1 9日，中国神华能源股份有限公司（以下简称"中国神华"）发布公告，披 露重大交易计划。 中国神华表示，拟收购控股股东国家能源集团旗下12家核心企业股权，交易价格总 计为1335.98亿元，业务覆盖煤炭、坑口煤电、煤化工等多个领域。 据介绍，中国神华能源股份有限公司成立于2004年11月8日，是国家能源投资集 团有限责任公司旗下A+H股旗舰上市公司。截至2024年底，公司资产规模6581亿 元，综合市值8221亿元，职工总数8.3万人。 来源：长安街知事、 上海证券交易所 网站等 End 欢迎分享给你的朋友！ 出品 | 中国能源报（c n e n e rg y） 编辑丨闫志强 权门槛或 国际际报 传 真 @ ht. Dasn.s. 践行央媒使命 守望能源变革 2026年《中国能源报》 000 875 全年定价480元/份 每周一出版 E 画/ゴ/割/ 国内邮发代号1-6 国内统一刊号为CN11—0068 -85 中国超涨网（含官方微博、官方微信 ）入列中央新闻网站 ▲ 中国神华公告部分内容 交易具体情况为：中国神华通过发行A股股份及支付现金的方式购买国家能源集团 持有的国源电力100%股权、新疆能源1 ...

Core Viewpoint - China Shenhua, a major coal company in A-shares, announced the acquisition of 100% equity stakes in multiple companies from the State Energy Group and West Energy, with a total transaction price of 133.598 billion yuan [1][3]. Group 1: Acquisition Details - The acquisition involves 12 companies, including Guoyuan Power, Xinjiang Energy, and others, covering coal, coal power, and coal chemical industries [3]. - The payment structure consists of 30% in shares and 70% in cash, with cash payment amounting to 93.519 billion yuan [3]. - The acquisition is expected to enhance the company's core business capacity and resource reserves, optimizing the entire industry chain layout [3]. Group 2: Resource and Production Impact - Post-acquisition, the coal reserves of China Shenhua will increase to 6.849 billion tons, a growth rate of 64.72% [4]. - The recoverable coal reserves will rise to 3.45 billion tons, with a growth rate of 97.71% [4]. - The coal production capacity will increase to 512 million tons, reflecting a growth rate of 56.57% [4]. Group 3: Financial Performance - For the first three quarters of 2025, the revenue reached 213.151 billion yuan, a year-on-year decrease of 16.60% [4]. - The net profit attributable to shareholders was 39.052 billion yuan, down 10.00% year-on-year [4]. - The third quarter revenue was 75.042 billion yuan, showing a year-on-year decline of 13.1% but a quarter-on-quarter increase of 9.5% [4]. Group 4: Stock Information - As of December 19, China Shenhua's stock price was 40.59 yuan, with a market capitalization of 790.9 billion yuan [5].

Group 1 - The State Council of China held a meeting to discuss safety production and solid waste management, approving the draft implementation regulations for the Value-Added Tax Law and the Commercial Mediation Regulations [4] - The U.S. stock market saw all three major indices rise, with the Dow Jones up 0.38%, Nasdaq up 1.31%, and S&P 500 up 0.88%, driven by gains in large tech stocks [4] - International oil prices increased, with WTI crude oil rising 0.96% to $56.54 per barrel and Brent crude oil up 1.01% to $60.10 per barrel [7][8] Group 2 - The People's Bank of China released the "Management Measures for the Identification of Beneficial Owners of Financial Institution Clients," effective January 20, 2026, emphasizing the balance between anti-money laundering and optimizing financial services [9] - The Ministry of Commerce of China filed a complaint with the WTO against India's tariffs on information and communication products and solar subsidies, claiming these measures violate multiple WTO obligations [10] - China Shenhua announced a major acquisition plan involving assets from its controlling shareholder, with a total transaction value of 133.598 billion yuan, covering coal, power, and chemical industries [19] Group 3 - Guizhou Securities Regulatory Bureau imposed penalties on Guizhou BaiLing for financial fraud, resulting in a fine of 10 million yuan and warnings to responsible individuals [16][17] - Spring Wind Power initiated a service guarantee plan for first-generation T-BOX vehicles due to the upcoming discontinuation of 2G networks, affecting smart connected services [20] - Ford recalled over 270,000 electric and hybrid vehicles in the U.S. due to parking function issues that could lead to rollaway risks [27]

Group 1 - The State Council of China held a meeting to discuss safety production and solid waste management, approving the draft implementation regulations for the Value-Added Tax Law and the Commercial Mediation Regulations [4] - The U.S. stock market saw all three major indices rise, with the Dow Jones up 0.38%, Nasdaq up 1.31%, and S&P 500 up 0.88%. Major tech stocks also saw gains, with Nvidia rising nearly 4% [4] - International oil prices increased, with WTI crude oil rising 0.96% to $56.54 per barrel and Brent crude oil up 1.01% to $60.10 per barrel [7][8] Group 2 - The People's Bank of China released the "Management Measures for the Identification of Beneficial Owners of Financial Institutions," effective January 20, 2026, requiring financial institutions to verify beneficial owners using reliable evidence [10] - The Ministry of Commerce of China filed a complaint with the WTO against India's tariffs on information and communication products and solar subsidies, claiming these measures violate multiple WTO obligations [11] - China Shenhua announced a major acquisition plan involving assets from its controlling shareholder, with a total transaction value of 133.598 billion yuan, reflecting a 59.52% increase in asset valuation [19][20] Group 3 - Guizhou Securities Regulatory Bureau imposed penalties on Guizhou Bailin for financial fraud, resulting in a cumulative profit inflation of 655 million yuan from 2019 to 2021 [17] - Spring Power announced a service guarantee plan for first-generation T-BOX vehicles due to the upcoming discontinuation of 2G networks, affecting smart connectivity services [21] - Pingtan Development experienced a significant stock price fluctuation, dropping 7.48% after a high opening, reflecting market volatility and investor sentiment [22]

Core Viewpoint - China Shenhua has announced a significant acquisition involving 12 companies with a total transaction value of 133.598 billion RMB, marking one of the largest asset acquisitions in recent years [2][3]. Group 1: Acquisition Details - The acquisition involves purchasing 100% stakes in various companies under the State Energy Group, including Guoyuan Power, Xinjiang Energy, and others, with a total payment structure of 30% in shares and 70% in cash [7][8]. - The total assets of the acquired companies amount to 233.423 billion RMB, with a net asset value of 87.399 billion RMB [10]. - The cash payment for the acquisition is set at 93.519 billion RMB, while 40.08 billion RMB will be paid through the issuance of shares [9]. Group 2: Financial Impact - Following the acquisition, China Shenhua's coal reserves are expected to increase significantly, with coal resources rising to 6.849 billion tons (up 64.72%) and recoverable coal reserves reaching 3.45 billion tons (up 97.71%) [16]. - The company's earnings per share (EPS) is projected to increase to 3.15 RMB for 2024, reflecting a 6.1% growth, and to 1.54 RMB for the first seven months of 2025, indicating a 4.4% increase [18]. - The acquisition is anticipated to enhance the company's profitability and solidify its position as an industry leader, potentially leading to a systematic revaluation of the company's stock [18]. Group 3: Company Background - China Shenhua is recognized as a leading player in the coal industry, often referred to as a "cash cow," with a reported revenue of 213.151 billion RMB for the first three quarters of the year, a decrease of 16.6% year-on-year [14]. - The company has substantial cash reserves amounting to 124.47 billion RMB as of September 30 [14].