7900亿巨头重磅宣布，一口气购买12家企业

Core Viewpoint - China Shenhua announced the acquisition of 12 companies for a total transaction price of 133.598 billion yuan, aimed at enhancing its core business capacity and resource reserves across multiple sectors including coal, coal power, and coal chemical industries [1][5]. Group 1: Transaction Details - The acquisition involves issuing A-shares and cash payments to purchase 100% equity stakes in various companies, including Guoyuan Power, Xinjiang Energy, and others, with a cash payment component of 93.519 billion yuan [5][6]. - The overall payment structure consists of 30% in shares and 70% in cash, with the total transaction price being 133.598 billion yuan [6]. Group 2: Valuation and Premiums - The valuation of the acquired companies shows significant premiums, with Guoyuan Power having a premium rate of 61.71% and Inner Mongolia Construction Investment showing a remarkable premium of 764.82% [6]. - The total assessed value of the 12 companies is approximately 143.674 billion yuan, reflecting an overall premium rate of 59.52% [6]. Group 3: Impact on Company Metrics - Post-acquisition, China Shenhua's coal reserves will increase to 6.849 billion tons, a growth rate of 64.72%, while its recoverable coal reserves will rise to 3.45 billion tons, marking a 97.71% increase [7]. - The company's coal production is expected to reach 512 million tons, reflecting a growth rate of 56.57%, and the earnings per share for 2024 is projected to increase to 3.15 yuan, enhancing by 6.1% [7]. - As of December 19, China Shenhua's stock price was 40.59 yuan, with a market capitalization of 790.9 billion yuan [7].