中国电科 + 中国电子：战略官宣！

Core Viewpoint - The strategic cooperation between China Electronics Technology Group (CETC) and China Electronics Corporation (CEC) marks a significant step towards enhancing industrial collaboration and integration within the state-owned enterprise sector, aiming to support the development of China's digital economy [5][8]. Group 1: Share Transfer Details - CETC and CEC announced a strategic partnership involving the cross-shareholding of two A-share listed companies, with CEC's subsidiary, Shenzhen Sanda Co., Ltd., transferring a total of 3.01% of shares to CETC's subsidiaries at a price of 5.71 yuan per share, significantly lower than the closing price of 20.26 yuan on November 7 [5][6]. - Following the share transfer, CEC retains a controlling stake of 44.2214%, while CETC becomes a shareholder with 3.01% [5][6]. - In a reciprocal arrangement, CETC's subsidiaries will transfer a total of 4.6423% of shares to CEC at a price of 8.41 yuan per share, below the closing price of 25.06 yuan [6][7]. Group 2: Company Profiles - CETC, established in 2002 with a registered capital of 200 billion yuan, is a key state-owned enterprise directly managed by the State-owned Assets Supervision and Administration Commission (SASAC). It plays a crucial role in military electronics and the national information technology sector, employing over 200,000 individuals, with 55% in R&D [9]. - CEC, founded in 1989 with a registered capital of approximately 185 billion yuan, focuses on the information technology sector and has total assets of 476.46 billion yuan. It has been listed in the Fortune Global 500 for 15 consecutive years and employs 189,000 people [10].