超20亿元关联收购落地 桂冠电力锁定世界级水电项目

Core Viewpoint - Guiguan Electric announced a related acquisition deal exceeding 2 billion yuan, acquiring 100% equity of Datang Tibet Energy Development Co., Ltd. and Datang ZDN Clean Energy Development Co., Ltd. from its controlling shareholder, China Datang Group [2][7]. Group 1: Acquisition Details - The total transaction price for the two target companies is set at 2.025 billion yuan, based on the assessed value of the companies' total equity as of June 30, 2025, plus an additional capital contribution of 671 million yuan from Datang Group [2][7]. - Datang Tibet's net asset book value as of the assessment date is 1.234 billion yuan, with an assessed value of 1.350 billion yuan, resulting in a value increase rate of 9.44%. Datang ZDN has a negative book value of 50,550 yuan, with an assessed value of 363,770 yuan, showing a value increase of 414,320 yuan [7][10]. Group 2: Strategic Importance - The acquisition will allow Guiguan Electric to obtain scarce high-quality base projects, laying a foundation for the company's long-term development. The development of clean energy projects will significantly enhance the company's installed capacity and power generation, improving its market competitiveness [10][11]. - The projects under Datang Tibet include the world's first 500MW high-head impact turbine unit and the first approved million-kilowatt hydropower station in Tibet, which are expected to contribute positively to future revenues [6][11]. Group 3: Financial Performance - Guiguan Electric reported a revenue of 7.335 billion yuan for the first three quarters of 2025, a slight decrease of 0.25% year-on-year, while the net profit attributable to shareholders increased by 11.80% to 2.419 billion yuan [14]. - In the third quarter of 2025, the company achieved a revenue of 3.181 billion yuan, representing a year-on-year growth of 26.05%, and a net profit of 1.232 billion yuan, up 69.49% year-on-year [14].