CSEC,China Shenhua(SH:601088) 2 1 Shi Ji Jing Ji Bao Dao·2025-08-17 13:23Core Viewpoint - China Shenhua, a state-owned enterprise with a market value of 700 billion, announced that its stock will resume trading on August 18, following a significant acquisition plan involving multiple companies [1][2]. Group 1: Acquisition Details - China Shenhua plans to acquire 100% equity in 10 companies held by its controlling shareholder, the State Energy Investment Group, along with 41% of Shenyan Coal and 49% of Jinshen Energy, through a combination of issuing A-shares and cash payments [2][4]. - The acquisition involves a total of 13 companies, covering various sectors including coal, coal power, and coal chemical industries, with total assets amounting to 258.36 billion [7][9]. - The specific transaction price for the assets has not yet been determined, pending completion of auditing and evaluation [4][9]. Group 2: Financial Impact - The 13 companies involved in the acquisition are projected to generate a combined revenue of 125.996 billion and a net profit of 8.005 billion for the year 2024 [10]. - The acquisition is expected to enhance China Shenhua's market position and facilitate a transition towards greener and smarter coal industry practices [11]. Group 3: Market Reactions and Future Plans - Prior to the suspension, China Shenhua's A-share price was reported at 37.56 CNY per share, with a total market capitalization of 746.3 billion [10]. - The company also announced plans for a mid-term profit distribution in 2025, aiming to distribute at least 75% of the net profit attributable to shareholders for the first half of 2025 [13]. - The recent acquisition activity aligns with a broader trend among state-owned enterprises in China, focusing on industry consolidation and transformation [15][16].