Sou Hu Cai Jing·2025-10-29 11:11Core Viewpoint - Datang Power Generation announced the acquisition of a 50% stake in Anhui Electric Power Co., Ltd. from Huainan Mining for a nominal price of 1 yuan, which will result in Datang Anhui Power holding 100% of the shares by September 2025 [1][2]. Group 1: Transaction Details - The transaction involves Datang Anhui Power acquiring the remaining 50% stake in Anhui Electric Power, which it already partially owned [1][2]. - The acquisition price is set at 1 yuan, indicating a strategic move rather than a typical market transaction [1]. Group 2: Financial Information - As of December 31, 2023, Anhui Electric Power reported total assets of approximately 890 million yuan and total liabilities of about 2.17 billion yuan, resulting in a negative net asset value of approximately 1.28 billion yuan [3]. - The company experienced a revenue of approximately 107.47 million yuan in 2023, with a net loss of about 26.98 million yuan [3]. Group 3: Strategic Implications - The acquisition aims to enhance the company's ability to fulfill social responsibilities and ensure energy supply for residents, covering an area of approximately 350,000 square meters [4]. - Following the acquisition, Anhui Electric Power will become a wholly-owned subsidiary of Datang, which will integrate it into its consolidated financial statements [5]. - The transaction is expected to reduce the company's consolidated net profit by approximately 589 million yuan, pending final audit results [5].