Hirisun(300277) 证券时报网·2024-11-14 05:46Group 1 - The core viewpoint of the news is the merger between Hailianxun and Hangqilun, which is a response to national policies promoting mergers and acquisitions in the A-share market, indicating a new wave of activity in this sector [1][3] - Hailianxun will absorb Hangqilun through a share swap, with Hailianxun issuing A-shares to Hangqilun's shareholders, leading to Hangqilun's delisting and dissolution [1][2] - The merger aims to enhance the asset quality and operational efficiency of the combined entity, aligning with the government's push for state-owned enterprise reform [3] Group 2 - The share swap price is set at 9.56 CNY per share for both companies, with a swap ratio of 1:1, providing a premium for Hangqilun's shareholders [2] - The transaction includes a protection mechanism for dissenting shareholders, offering them a buyout option at the swap price or a cash option at the original share price [2] - The merger is expected to create a dual business model focusing on industrial turbines and power information technology, enhancing the core competitiveness and profitability of the surviving company [5][6] Group 3 - Hailianxun, established in 2000, reported a revenue of 213 million CNY and a net profit of approximately 10.81 million CNY in 2023, facing challenges in growth due to increasing competition in the power sector [3][4] - Hangqilun, listed since 1998, generated a revenue of 5.924 billion CNY and a net profit of 518 million CNY in 2023, but has struggled with financing due to the limitations of the B-share market [4] - The merger is anticipated to resolve Hangqilun's historical issues and broaden its financing channels, while also benefiting from the growing demand for gas turbines in the context of China's carbon neutrality goals [5][6]