Core Viewpoint - China Shenhua Energy Co., Ltd. is planning to issue shares and pay cash to acquire assets from its controlling shareholder, China Energy Investment Corporation, and raise supporting funds, which constitutes a related party transaction but is not expected to lead to a change in the actual controller of the company [1][2]. Group 1: Suspension of Trading - The company's A-shares will be suspended from trading starting August 4, 2025, for a period not exceeding 10 trading days due to the planning of the transaction [2]. - The suspension aims to ensure fair information disclosure and protect investor interests, preventing abnormal fluctuations in the company's stock price [2]. Group 2: Transaction Details - The transaction involves acquiring coal, pithead coal power, and coal-to-oil and coal-to-gas chemical assets from China Energy Investment Corporation, including stakes in various subsidiaries such as Guoyuan Power Co., Ltd. and Xinjiang Energy Chemical Co., Ltd. [2][4]. - The specific assets involved in the restructuring are still under evaluation, and the final scope will be disclosed in subsequent announcements [2]. Group 3: Transaction Counterparties - The preliminary counterparties for the transaction include China Energy Investment Corporation and its subsidiary, Western Energy Investment Co., Ltd. [3][4]. - Both counterparties are state-owned enterprises with significant registered capital and a broad range of operational scopes in energy and chemical sectors [4]. Group 4: Transaction Method - The transaction is planned to be executed through the issuance of A-shares and cash payments, along with the simultaneous raising of supporting funds [4]. - The specific transaction method and plan will be detailed in future announcements following further discussions [4].

Group 1 - China Shenhua plans to acquire assets held by the State Energy Group, including coal, coal power, and coal chemical assets, through a combination of issuing shares and cash payments [2][3][5] - The stock of China Shenhua has been suspended from trading since August 4, 2025, with an expected suspension period of no more than 10 trading days [5] - The transaction is classified as a related party transaction and is not expected to result in a change of the company's actual controller [5] Group 2 - In the first half of 2025, China Shenhua's net profit is projected to decline by 13.2% to 20.0% year-on-year, primarily due to decreased coal sales volume and average selling prices [8] - Morgan Stanley maintains an "overweight" rating on China Shenhua, citing potential price improvements and increased long-term contract sales as factors supporting stable earnings in the third quarter [8] - As of August 1, 2025, China Shenhua's A-share price was reported at 37.56 yuan per share, with a total market capitalization of 722.5 billion yuan [9]

Core Viewpoint - China Shenhua is planning to acquire assets held by the State Energy Group, with its stock suspended from trading starting August 4 [2][4]. Group 1: Acquisition Details - China Shenhua announced on August 1 that it intends to issue shares and pay cash to purchase coal, coal power, and coal chemical assets from the State Energy Group, while also raising matching funds [4][7]. - The transaction is classified as a related party transaction and is not expected to constitute a major asset restructuring, nor will it lead to a change in the actual controller of the company [6][7]. - The specific assets targeted for acquisition include stakes in various companies such as Guoyuan Power, Xinjiang Energy, and others [7]. Group 2: Financial Performance - For the first half of 2025, China Shenhua expects a net profit attributable to shareholders of between 23.6 billion to 25.6 billion yuan, a decrease of 3.9 billion yuan compared to the previous year [9][10]. - The decline in profit is attributed to a decrease in both coal sales volume and average selling prices, impacting the profitability of the coal segment [10]. - Morgan Stanley maintains an "Overweight" rating on China Shenhua, citing that while domestic coal supply may limit price rebounds, improvements in prices and increased long-term contract sales could support stable earnings in the third quarter [10]. Group 3: Market Position - As of August 1, China Shenhua's A-share price was 37.56 yuan per share, with a total market capitalization of 722.5 billion yuan [11].

Group 1 - China Shenhua announced a significant transaction involving the acquisition of coal, coal power, and coal chemical assets from its controlling shareholder, China Energy Investment Corporation [1] - The transaction is still in the planning stage, leading to a temporary suspension of China Shenhua's A-shares starting August 4, 2025, for a period not exceeding 10 trading days [1][3] - This acquisition is expected to rank among the largest merger and acquisition deals in the market, following the recent trend of substantial M&A activities in the Shanghai market [3] Group 2 - The merger aims to consolidate high-quality resources into the listed company, positioning it as a leading comprehensive energy company based on coal [4] - The ongoing "M&A Six Guidelines" initiative has stimulated the transformation and integration of traditional industries, with several state-owned enterprises announcing major acquisition plans since September 2024 [4] - Recent examples include China National Chemical's acquisition of Nantong Xingchen and China Energy Equipment's focus on chemical and rubber machinery, indicating a trend towards industry consolidation and revenue enhancement [5]

Core Viewpoint - China Shenhua (01088) is planning to acquire coal, coal power, and coal chemical assets from its controlling shareholder, China Energy Investment Corporation, through the issuance of A-shares and cash payments, while raising supporting funds [1][2] Group 1 - The transaction is classified as a related party transaction and is not expected to constitute a major asset restructuring, with no change in the actual controller of the company [1] - The company has applied for a trading suspension of its A-shares starting from August 4, 2025, for a period not exceeding 10 trading days to ensure fair information disclosure and protect investor interests [1] - The specific assets to be acquired include equity stakes in various companies such as Guoyuan Power, Xinjiang Energy, and others, with the detailed plan still under discussion [1][2]

因本次交易尚处于筹划阶段，存在不确定性，为保证公平信息披露，维护投资者利益，避免造成公司股 价异常波动，根据上海证券交易所相关规定，经公司向上海证券交易所申请，公司A股股票(简称：中 国神华，股票代码：601088)自2025年8月4日开市起开始停牌，预计停牌时间不超过10个交易日。 根据国家能源集团公司出具的《关于筹划重大事项的通知》，拟由公司通过发行A股股份及支付现金方 式购买国源电力、化工公司、新疆能源、乌海能源、包头矿业、神延煤炭、晋神能源、平庄煤业、内蒙 建投、煤炭运销公司、港口公司、航运公司、电子商务公司的股权，具体方案尚待进一步商讨确定，并 视具体情况募集配套资金。 截至本公告日期，本次交易仍处于筹划阶段，交易各方尚未签署正式的交易协议。 中国神华（601088）(01088)公布，2025年8月1日，公司收到控股股东国家能源投资集团有限责任公司 (国家能源集团公司)的《关于筹划重大事项的通知》，初步考虑拟由该公司发行A股股份及支付现金购 买国家能源集团公司持有的煤炭、坑口煤电以及煤制油煤制气煤化工等相关资产并募集配套资金。 根据《上市公司重大资产重组管理办法》等相关法律法规的规定，本次交易构成 ...

Core Viewpoint - China Shenhua announced plans to acquire coal, coal power, and coal chemical assets from its controlling shareholder, China Energy Group, through a share issuance and cash payment, while also raising supporting funds [2][5]. Group 1: Transaction Details - The transaction involves acquiring assets from China Energy Group, including stakes in various subsidiaries such as Guoyuan Power Co., China Shenhua Coal-to-Oil Chemical Co., and others [5]. - The specific assets for the restructuring are still under evaluation, and the final asset scope will be disclosed in future announcements [7]. - The transaction is classified as a related party transaction and is not expected to constitute a major asset restructuring, with no change in the company's actual controller [7]. Group 2: Stock Suspension - China Shenhua's A-share stock will be suspended from trading starting August 4, with the suspension expected to last no more than 10 trading days [2][6]. Group 3: Performance Forecast - For the first half of 2025, China Shenhua anticipates a decline in net profit, projecting a range of 23.6 billion to 25.6 billion yuan, representing a decrease of 39 million to 59 million yuan, or a decline of 13.2% to 20% compared to the previous year [8].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 （在中華人民共和國註冊成立的股份有限公司） （股份代碼：01088） 內幕消息 關於籌劃發行A股股份及支付現金購買資產並於A股 募集配套資金的公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》（「香港上市規則」）第 13.09(2)條、第13.10B條以及證券及期貨條例（香港法例第571章）第XIVA部內幕 消息條文而作出。 一、 A股停牌事由和工作安排 2025年8月1日，中國神華能源股份有限公司（「中國神華」或「本公司」）收到 控股股東國家能源投資集團有限責任公司（「國家能源集團公司」）的《關於籌 劃重大事項的通知》（「《通知》」），初步考慮擬由本公司發行A股股份及支付現 金購買國家能源集團公司持有的煤炭、坑口煤電以及煤制油煤制氣煤化工等 相關資產並募集配套資金（「本次交易」或「本次重組」）。 （一） A股暫停交易 根據《上市公司重大資產重組管理辦法》等相關法律法規的規定，本次交 易構成關聯交易 ...

Group 1 - China Shenhua (601088) announced a major acquisition plan involving the purchase of coal, coal power, and coal chemical assets from its controlling shareholder, China Energy Investment Corporation [1][4] - The transaction is still in the planning stage, leading to a temporary suspension of China Shenhua's A-shares starting August 4, 2025, for a period not exceeding 10 trading days [1][4] - This acquisition is expected to be significant, potentially ranking among the largest merger and acquisition transactions in the market [4] Group 2 - The acquisition aims to consolidate high-quality resources into the listed company, positioning it as a leading comprehensive energy company based on coal [5] - The ongoing "merger and acquisition guidelines" have stimulated traditional industry transformation and integration, with several state-owned enterprises announcing major acquisition plans since September 2024 [6] - Recent examples include China National Chemical's plan to acquire Nantong Xingchen and Inner Mongolia Huadian's plan to purchase wind power assets, indicating a trend towards industry consolidation and upgrading [6][7]

Core Viewpoint - The article discusses a significant merger and acquisition (M&A) involving China Shenhua Energy, which plans to acquire assets from its controlling shareholder, the State Energy Investment Group, including coal, coal-fired power, and coal-to-chemical assets, indicating a trend of large-scale M&A activities in the Shanghai market [1][2][4]. Group 1: M&A Details - On August 1, China Shenhua announced it received a notification regarding a major transaction involving the acquisition of coal and related assets from the State Energy Group, with the transaction still in the planning stage [1]. - The transaction is expected to be substantial, potentially ranking among the largest M&A deals in the market, following the recent trend of significant deals since the introduction of the "M&A Six Guidelines" [2]. - The stock of China Shenhua (stock code: 601088) will be suspended from trading starting August 4, 2025, for a period not exceeding 10 trading days to ensure fair information disclosure [1][2]. Group 2: Industry Trends - The ongoing M&A activities are seen as a catalyst for the transformation and upgrading of traditional industries, enhancing the vitality of industrial integration [3][5]. - Several central enterprises, including China Power and Sinochem Equipment, have announced major acquisition plans since September 2024, indicating a shift towards industry consolidation and upgrading [6]. - Recent disclosures from companies like Sinochem International and Inner Mongolia Electric Power highlight a focus on expanding product lines and enhancing revenue through strategic acquisitions [7][8][9].