重大资产重组！A股公司公告，不停牌！

Core Viewpoint - Zhongneng Electric plans to acquire control of three companies, which is expected to constitute a significant asset restructuring [2][5][11]. Group 1: Acquisition Details - Zhongneng Electric intends to purchase 65% equity and related debts of Shandong Dachai Electric Co., Shandong Dachai High Voltage Switch Co., and Shuifa Chixiang Electric (Shandong) Co. for a total transaction value of approximately 857 million yuan [2][7]. - The acquisition will be conducted through public bidding at the Shandong Property Rights Exchange, with a total base price of 857 million yuan for the three assets [7][8]. - The company plans to fund the entire transaction with self-raised funds, without issuing new shares [7][8]. Group 2: Financial Performance of Target Companies - The three target companies show significant financial performance divergence, with combined projected revenues for 2024 reaching approximately 1.154 billion yuan, which represents 100.56% of Zhongneng Electric's expected revenue for the same period [7][9]. - Dachai Electric reported a net loss of 30.83 million yuan, while Dachai High Voltage also incurred a loss of 14.14 million yuan; in contrast, Shuifa Chixiang achieved a net profit of 10.54 million yuan [9][10]. - The total assets of the target companies amount to approximately 1.42 billion yuan, with net assets of about 747 million yuan [8][9]. Group 3: Strategic Rationale - The acquisition aims to fill the product gap in the high-voltage sector, enhancing Zhongneng Electric's product offerings and aligning with its strategic shift from medium-voltage to high-voltage products [5][11][12]. - The target companies specialize in high-voltage transformers and switches, which are critical for the new power system construction, thus positioning Zhongneng Electric to better compete in the market [11][12]. - The acquisition will provide access to established customer resources and qualifications in the mainstream power market, particularly with State Grid and other major clients [12][13].