国家能源集团旗下12家公司被收购，涉航运港口资产！

Core Viewpoint - The largest merger in A-share history has commenced, with China Shenhua Energy Co., Ltd. planning to acquire equity stakes in 12 core enterprises under its controlling shareholder, China Energy Investment Corporation, for a total consideration of 133.598 billion yuan [1][6]. Group 1: Transaction Details - The transaction will involve issuing A-shares and cash payments, with the total consideration amounting to 133.598 billion yuan, and the cash payment portion being 93.519 billion yuan [3][8]. - The acquisition excludes the 100% equity stake of China Energy Group E-commerce Co., Ltd. from the transaction scope, while other targeted company stakes remain unchanged [1][6]. Group 2: Targeted Assets - The targeted assets include 100% stakes in various companies such as Guoyuan Power, Xinjiang Energy Chemical, and others, along with a 41% stake in Shanxi Jingshen Energy and a 49% stake in Shenyan Coal [2][7]. - The overall payment structure consists of 30% in shares and 70% in cash, covering key energy sectors such as coal production, coal power, coal chemical, and coal logistics [3][8]. Group 3: Impact on China Shenhua - Post-transaction, China Shenhua's total asset scale is expected to increase by over 200 billion yuan, significantly enhancing its coal reserves, production capacity, and power generation capacity [3][9]. - The coal reserves will rise to 68.49 billion tons, reflecting a growth rate of 64.72%, while the recoverable coal reserves will increase to 34.5 billion tons, with a growth rate of 97.71% [4][9]. - The annual coal production is projected to reach 512 million tons, marking a growth rate of 56.57%, and the earnings per share for 2024 is expected to rise to 3.15 yuan, an increase of 6.1% [4][9].