Di Yi Cai Jing·2025-05-28 12:30Core Viewpoint - The company is advancing its core strategy of "integrated collaboration in the natural gas industry chain" through a significant asset restructuring plan to privatize its subsidiary, New World Energy, with overwhelming shareholder support of over 99.9% [1] Group 1: Financial Impact - Following the transaction, the company's basic earnings per share (EPS) is projected to increase from RMB 1.46 to RMB 1.56, representing a growth of 6.8% [2] - The core profit attributable to shareholders is expected to rise from RMB 5.143 billion to RMB 9.340 billion, marking an increase of 81.6% [2] - The company has committed to a dividend policy for 2026-2028, ensuring a payout ratio of no less than 50% of the core profit attributable to shareholders, with an estimated total dividend of RMB 1.14 per share in 2025 [2] Group 2: Operational Synergies - The completion of the transaction will lead to New World Energy delisting from the Hong Kong Stock Exchange, allowing the company to fully integrate the natural gas industry chain and control key nodes from resource acquisition to end-user services [3] - The company will leverage its overseas resource pool and diverse gas source structure to enhance overall gas source allocation efficiency and cost control [3] - The transaction will simplify management levels, improve decision-making efficiency, and optimize overall operational effectiveness [3] Group 3: Strategic Development - The restructuring will facilitate the company's global natural gas industry layout, enhancing its core competitiveness and risk resilience [4] - The privatization and integrated listing will serve as a strategic support for expanding financing channels and improving market valuation [4] - The company aims to inject new momentum into high-quality development and internationalization of its natural gas business through this restructuring [4]