淮河能源拟117亿收购加码火电 六度向大股东收购资产增逾26倍

Core Viewpoint - Huaihe Energy plans to acquire 89.3% of Huaihe Energy Power Group for a total consideration of 11.694 billion yuan, marking a significant asset restructuring move aimed at enhancing operational capabilities and achieving synergies [1][2][3] Group 1: Acquisition Details - The acquisition will be executed through a combination of share issuance and cash payment, with approximately 9.94 billion yuan in shares and 1.754 billion yuan in cash [2] - The share issuance price is set at 3.03 yuan per share, with an estimated issuance of about 3.281 billion shares [2] - Huaihe Energy has previously acquired 10.7% of the Power Group for 1.194 billion yuan, valuing the asset at 1.327 billion yuan at that time [2] Group 2: Strategic Rationale - The acquisition aligns with Huaihe Energy's strategy to consolidate high-quality power assets from its controlling shareholder, enhancing the company's core business focus and market competitiveness [3][4] - The transaction is expected to expand Huaihe Energy's thermal power generation capacity and create new growth points for performance [3] Group 3: Financial Performance - As of the end of 2024, Huaihe Energy's total assets are projected to exceed 46.623 billion yuan, significantly increasing from 23.137 billion yuan post-acquisition [11] - In 2024, Huaihe Energy reported a net profit attributable to shareholders of 858 million yuan, reflecting a year-on-year growth of 2.17% [1][11] - The Power Group has demonstrated strong profitability, with revenues of 6.864 billion yuan, 10.001 billion yuan, and 8.752 billion yuan in 2022, 2023, and the first eleven months of 2024, respectively [11]