Hua Xia Shi Bao·2025-12-20 00:49Core Viewpoint - China Shenhua, a major coal company in A-shares, announced the acquisition of 100% equity stakes in multiple companies from the State Energy Group and West Energy, with a total transaction price of 133.598 billion yuan [1][3]. Group 1: Acquisition Details - The acquisition involves 12 companies, including Guoyuan Power, Xinjiang Energy, and others, covering coal, coal power, and coal chemical industries [3]. - The payment structure consists of 30% in shares and 70% in cash, with cash payment amounting to 93.519 billion yuan [3]. - The acquisition is expected to enhance the company's core business capacity and resource reserves, optimizing the entire industry chain layout [3]. Group 2: Resource and Production Impact - Post-acquisition, the coal reserves of China Shenhua will increase to 6.849 billion tons, a growth rate of 64.72% [4]. - The recoverable coal reserves will rise to 3.45 billion tons, with a growth rate of 97.71% [4]. - The coal production capacity will increase to 512 million tons, reflecting a growth rate of 56.57% [4]. Group 3: Financial Performance - For the first three quarters of 2025, the revenue reached 213.151 billion yuan, a year-on-year decrease of 16.60% [4]. - The net profit attributable to shareholders was 39.052 billion yuan, down 10.00% year-on-year [4]. - The third quarter revenue was 75.042 billion yuan, showing a year-on-year decline of 13.1% but a quarter-on-quarter increase of 9.5% [4]. Group 4: Stock Information - As of December 19, China Shenhua's stock price was 40.59 yuan, with a market capitalization of 790.9 billion yuan [5].