时隔4年再现“A吸B”，海联讯吸收合并杭汽轮B本周上会，营收将激增29倍

Core Viewpoint - The article discusses the merger of Hailianxun and Hangqilun B, marking a significant event in the B-share market, which has been seeking pathways to transition to A-shares. This merger is seen as a potential model for other B-share companies considering similar transitions. Group 1: Merger Details - Hailianxun plans to absorb Hangqilun B through a share swap, with a swap ratio of 1:1 and a share price of 9.35 yuan per share, reflecting a 34.46% premium [1] - Following the merger, Hangqilun B will be delisted, and Hailianxun will take over all assets, liabilities, and operations of Hangqilun B [1] - The merger will transform Hailianxun's primary business from power information technology to industrial turbine machinery [1] Group 2: Financial Implications - Post-merger, Hailianxun's net assets are projected to increase from 492 million yuan to over 9.447 billion yuan, a more than 18-fold increase [7] - Revenue is expected to surge from 228 million yuan to over 6.867 billion yuan, representing a more than 29-fold increase [7] - The net profit is anticipated to rise from 9.458 million yuan to over 549 million yuan, indicating a more than 57-fold increase [7] Group 3: Industry Context - The B-share market has faced challenges, including limited financing capabilities and low liquidity, leading many companies to explore transitions to A-shares [10] - As of July, only 8 B-share companies remain, with many being state-owned enterprises exploring "B to A" options [2][10] - The merger of Hailianxun and Hangqilun B is positioned as a reference for other B-share companies considering similar transitions [1][10] Group 4: Strategic Goals - The merger aims to resolve historical issues for Hangqilun, enhance financing capabilities, and improve overall operational efficiency [8] - Hailianxun plans to integrate its industrial turbine machinery and power information technology businesses post-merger, aiming for a comprehensive enhancement in production scale and technical strength [8] - The transaction is expected to create a more robust management structure and operational model to support the combined business [8] Group 5: Market Trends - The article highlights a trend of B-share companies seeking to transition to A-shares through various methods, including mergers and acquisitions [10][12] - Successful past examples of B to A transitions are noted, indicating a growing acceptance and strategic movement within the market [11][12] - The recent regulatory changes are seen as providing new opportunities for B-share companies to pursue mergers and transitions [12]