湖南发展: 湖南湘投沅陵高滩发电有限责任公司股东全部权益价值资产评估报告

Core Viewpoint - Hunan Energy Group Development Co., Ltd. plans to acquire 85% equity of Hunan Xiangtou Yuanling Hydropower Co., Ltd. through a combination of issuing shares and cash payment, necessitating an asset valuation report to assess the market value of the equity involved as of March 31, 2025 [4][7][14]. Group 1: Company Overview - Hunan Energy Group Development Co., Ltd. is a publicly listed company established on August 12, 1993, with a registered capital of 464.15 million yuan, engaged in power generation, transmission, and supply [7][8]. - Hunan Xiangtou Yuanling Hydropower Co., Ltd. was established on April 7, 2000, with a registered capital of 12.4478 million yuan, primarily involved in hydropower generation [8][10]. Group 2: Valuation Purpose and Scope - The valuation aims to provide a reference for the acquisition of Hunan Xiangtou Yuanling Hydropower Co., Ltd.'s equity, as decided in the board meeting on April 1, 2025 [4][14]. - The valuation encompasses all assets and liabilities of Hunan Xiangtou Yuanling Hydropower Co., Ltd., with a total asset book value of 208.35 million yuan and total liabilities of 45.49 million yuan as of the valuation date [14][15]. Group 3: Valuation Methodology - The valuation employs both the asset-based approach and the income approach, with the asset-based approach being selected as the final valuation conclusion due to the availability of comprehensive data [19][20]. - The asset-based approach assesses the value of identifiable assets and liabilities based on the balance sheet as of the valuation date, while the income approach evaluates the expected future earnings [19][20].