CSEC,China Shenhua(SH:601088) 2 1 Shi Ji Jing Ji Bao Dao·2025-12-19 15:27Core Viewpoint - China Shenhua announced the acquisition of 12 companies for a total transaction price of 133.598 billion yuan, aimed at enhancing its core business capacity and resource reserves across multiple sectors including coal, coal power, and coal chemical industries [1][5]. Group 1: Transaction Details - The acquisition involves issuing A-shares and cash payments to purchase 100% stakes in various companies from China Energy Group, including Guoyuan Power, Xinjiang Energy, and others, as well as a cash purchase of 100% stake in Inner Mongolia Construction Investment from Western Energy [5]. - The overall payment structure consists of 30% in shares and 70% in cash, with the cash component amounting to 93.519 billion yuan [6]. Group 2: Financial Impact - Post-transaction, China Shenhua's coal reserves will increase to 6.849 billion tons, representing a growth rate of 64.72%, while its recoverable coal reserves will rise to 3.45 billion tons, a 97.71% increase [7]. - The company's coal production is projected to reach 512 million tons, reflecting a growth rate of 56.57% [7]. - Earnings per share (EPS) for 2024 is expected to rise to 3.15 yuan, an increase of 6.1%, and for the first seven months of 2025, EPS is projected to be 1.54 yuan, an increase of 4.4% [7]. - As of December 19, China Shenhua's stock price was 40.59 yuan, with a market capitalization of 790.9 billion yuan [7].