每周股票复盘：淮河能源（600575）获证监会批复收购电力集团89.30%股权

Core Viewpoint - Huaihe Energy is undergoing a significant asset restructuring by acquiring 89.30% of Huaihe Energy Power Group from its controlling shareholder, Huainan Mining, through a combination of share issuance and cash payment, which is expected to enhance the company's profitability and energy business concentration [2][3][4]. Company Announcements - On November 21, 2025, Huaihe Energy received approval from the China Securities Regulatory Commission (CSRC) to issue 3,280,531,105 shares to purchase 89.30% of Huaihe Energy Power Group [2][4]. - The transaction price for the acquisition is set at 1,169,412.85 million yuan, constituting a major asset restructuring and related party transaction [2][4]. - The third quarter net profit attributable to the parent company for the power group was approximately 3.49 million yuan (unaudited) [4]. - The restructuring report will be disclosed on November 22, 2025, with updates on the decision-making process and approval status compared to the previous draft [4]. Financial Assessment - The asset valuation for the transaction is based on an asset-based approach, with a total assessed value of 13.095 billion yuan [3][4]. - The transaction is expected to enhance the company's profitability and improve the concentration of its energy business [3].