Hua Xia Shi Bao·2025-08-03 00:33Core Viewpoint - China Shenhua Energy Co., Ltd. plans to acquire 13 companies under its controlling shareholder, China Energy Group, through a share issuance and cash payment, aiming to enhance its asset portfolio and competitive edge in the energy sector [1][2]. Group 1: Acquisition Details - The acquisition involves notable assets, including China Shenhua Coal-to-Oil Chemical Co., which focuses on clean and efficient coal conversion and has established several significant demonstration projects [1][2]. - The targeted companies for acquisition include various subsidiaries of China Energy Group, such as power generation, coal mining, and logistics companies [1][2]. Group 2: Market Context - The acquisition is part of a broader trend among state-owned enterprises (SOEs) in China, with several companies announcing major acquisition plans since September 2024, indicating a shift towards industry consolidation and upgrading [3]. - The establishment of the China Energy Group Port Co., which consolidates various port operations, reflects the ongoing professional integration of SOEs to enhance operational efficiency [2]. Group 3: Financial Implications - China Shenhua's forecast for the first half of 2025 indicates a potential decline in net profit due to decreased coal sales volume and average selling prices, projecting a net profit of 23.6 billion to 25.6 billion yuan, a decrease of 13.2% to 20.0% compared to the previous year [3]. - As of August 1, 2023, China Shenhua's A-share price was 37.56 yuan, with a total market capitalization of 722.5 billion yuan [3].