


Core Viewpoint - China Shenhua is planning a major restructuring by acquiring 13 companies across various sectors, which is expected to enhance its resource reserves and optimize its industrial layout [1][2] Group 1: Acquisition Details - The restructuring involves the acquisition of 100% stakes in multiple companies, including Guoyuan Power, Xinjiang Energy, and Huagong Company, among others [1] - The company will issue A-shares and pay cash to finance these acquisitions, while also raising funds from no more than 35 specific investors [1] Group 2: Financial Impact - The total assets of the acquired companies are estimated to be 258.36 billion yuan, with a net asset value of 93.89 billion yuan as of the end of 2024 [2] - The projected revenue for the acquired assets in 2024 is 125.996 billion yuan, with a non-GAAP net profit of 8.005 billion yuan [2] - After excluding long-term asset impairment losses, the adjusted non-GAAP net profit is expected to be 9.811 billion yuan [2]