中国船舶重组获受理

Core Viewpoint - China Shipbuilding Industry Co., Ltd. and China Shipbuilding Heavy Industry Co., Ltd. are progressing with a major asset restructuring aimed at consolidating their shipbuilding operations and reducing competition between listed companies [2][5]. Group 1: Asset Restructuring Details - The restructuring involves China Shipbuilding issuing A-shares to all shareholders of China Heavy Industry in exchange for their shares, effectively merging the two companies [3][4]. - The exchange ratio is set at 1 share of China Heavy Industry for 0.1335 shares of China Shipbuilding, with the respective share prices determined at 37.84 CNY and 5.05 CNY based on the average trading price over the previous 120 trading days [4][5]. - Following the merger, China Heavy Industry will be delisted and its assets, liabilities, and operations will be fully absorbed by China Shipbuilding [4]. Group 2: Financial Performance - Both companies reported significant growth in revenue and net profit for the fiscal year 2024, with China Heavy Industry achieving a net profit of 613 million CNY, a 157.69% increase year-on-year, ending a nine-year streak of losses [6]. - China Shipbuilding reported a net profit of 3.072 billion CNY, a staggering increase of 1156.92% year-on-year, after twelve years of losses [6]. - The improvement in financial performance is attributed to enhanced production efficiency, better order structures, and increased delivery of higher-priced civil vessels [6][7].