600亿能源巨头，拟重大资产重组

Core Viewpoint - The company plans to acquire 100% equity of Baiyinhu Coal Power from Inner Mongolia Energy Co., a subsidiary of State Power Investment Corporation, for a total transaction price of 11.149 billion yuan, while also raising up to 4.5 billion yuan through a share issuance to specific investors [1][6][11]. Transaction Overview - The transaction involves issuing shares and cash to purchase the 100% equity of Baiyinhu Coal Power [5]. - The total transaction price is 11.149 billion yuan [8]. - The company will issue approximately 649 million shares at a price of 14.77 yuan per share, representing 22.46% of the total share capital post-transaction [9]. Business and Industry Impact - Baiyinhu Coal Power's main businesses include coal, electrolytic aluminum, and power generation, aligning with the company's existing operations [12]. - The acquisition is expected to enhance the company's coal production capacity to approximately 60 million tons per year, strengthening its coal-electricity-aluminum integrated industrial chain [6]. - The transaction is part of an internal resource integration strategy by State Power Investment Corporation to improve coal-electricity synergy and regional energy supply capabilities [6]. Financial Implications - Following the acquisition, the company's total assets are projected to increase from 54.979 billion yuan to 80.079 billion yuan, an increase of 25.1 billion yuan [15]. - Total liabilities are expected to rise from 14.989 billion yuan to 33.318 billion yuan, an increase of 18.329 billion yuan [15]. - The equity attributable to shareholders is anticipated to grow from 35.807 billion yuan to 42.217 billion yuan, an increase of 6.410 billion yuan [15]. - The company's net profit attributable to shareholders is expected to increase from 2.787 billion yuan to 3.549 billion yuan, an increase of 762 million yuan [15]. Market Performance - On November 14, the company's stock closed at 28.63 yuan per share, with a slight increase of 0.81%, resulting in a market capitalization of approximately 64.2 billion yuan [7].