近日，国家电投集团远达环保（600292）股份有限公司(600292)在上交所披露，公司证券简称将自2026 年1月13日起由"远达环保"变更为"电投水电"。 此前一天，远达环保披露了标的资产过渡期损益公告。以发行股份及支付现金方式，远达环保收购五凌 电力100%股权、长洲水电64.93%股权，目前标的资产已完成交割过户，相应新增股份也已完成登记。 这标志着其重大资产重组进程取得关键进展，"环保+水电"双主业格局进一步稳固。 根据《发行股份及支付现金购买资产协议》及其补充协议，交易过渡期为2024年11月1日至2025年10月 31日。发行股份价格为6.55元/股，合计发行35.99亿股。致同会计师事务所出具的《重大资产重组过渡 期损益情况的专项审计报告》显示，过渡期间内五凌电力与长洲水电均未发生亏损，标的公司产生的收 益由上市公司享有。 远达环保全称为国家电投集团远达环保股份有限公司，是国家电投旗下唯一环保产业平台。公司成立于 1994年6月，2000年11月在上海证券交易所上市，核心业务涵盖大气治理、工业及市政水处理、减碳降 耗、能源废弃物循环利用等领域，是国内工业烟气治理、催化剂制造及CCUS领域领军企 ...

1月7日晚间，远达环保（600292）公告称，近日完成公司名称变更事项工商登记手续，公司名称已变更 为"国家电投集团水电股份有限公司"。 经申请，并经上海证券交易所办理，公司证券简将称自2026年1 月13日起由"远达环保"变更为"电投水电"，证券代码"600292"保持不变。 不过，目前国家电投集团水电资产呈现主体多元的分散化布局，后续将积极推动旗下优质的水电资产整 合至统一平台。按照规划，在重组完成后3年内，国家电投集团将促成下属其他水电资产陆续注入远达 环保，并将远达环保逐步建设成为其境内水电资产整合平台。 远达环保表示，此次公司名称及证券简称变更，旨在全面匹配重整后的业务转型，精准凸显水电主业核 心定位，强化品牌主业辨识度，更精准反映公司当下的业务实际及公司长远战略规划。 在优质水电资产注入后，远达环保主业有望得到大幅提振，盈利能力也将得到修复。 资料显示，国家电投集团作为全球最大的清洁能源发电企业，近年来清洁能源开发力度、投资强度持续 保持在高位，装机规模快速增长。截至2024年末，国家电投集团可控装机容量达26496万千瓦，其中水 电机组装机容量2658万千瓦，水电资产主要分布在中国湖南、青海等1 ...

Core Viewpoint - The transaction marks a significant transformation for the company from a single environmental engineering firm to a dual-driven platform integrating "environmental protection + electricity" [3][5]. Group 1: Transaction Details - The total transaction price is approximately 27.18 billion yuan, with the valuation of 100% equity in Wuling Power at about 24.27 billion yuan and 64.93% equity in Changzhou Hydropower at about 2.91 billion yuan [2]. - The company plans to raise up to 5 billion yuan through a share issuance to no more than 35 qualified investors, with an issue price of 6.55 yuan per share, totaling approximately 3.599 billion shares [2]. - The raised funds will be used for the construction of projects related to the acquired assets, payment of cash consideration for the restructuring, intermediary fees, and related taxes [2]. Group 2: Business Transformation - Following the transaction, the company's main business will expand to include hydropower generation and integrated development and operation of hydropower stations, alongside existing environmental services [2]. - The acquisition of Wuling Power and Changzhou Hydropower allows the company to enhance its operational efficiency and asset quality, promoting a fusion of industrial operations and capital management [4][5]. Group 3: Industry Implications - The merger is seen as a strategic move to align with national energy development strategies and industry trends, enhancing the company's market share and influence in the clean energy sector [5]. - The combination of "hydropower + environmental protection" is viewed as a significant highlight of the transaction, responding to the growing demand for the integration of clean energy and ecological protection [5].

Core Viewpoint - The transaction involving the acquisition of assets and fundraising by Yuanda Environmental aims to transform the company from a single environmental engineering firm to a comprehensive platform integrating "environmental protection + electricity" [3][4][5] Group 1: Transaction Details - Yuanda Environmental has completed the issuance of shares and cash payment for asset acquisition, with the new shares expected to be listed on the Shanghai Stock Exchange after the lock-up period [1] - The transaction includes the purchase of 100% equity in Wuling Power Co., Ltd. for approximately 242.67 billion yuan and 64.93% equity in Changzhou Hydropower for about 29.12 billion yuan, totaling around 271.80 billion yuan [2] - The company plans to raise up to 5 billion yuan through a share issuance to no more than 35 qualified investors, with an issue price of 6.55 yuan per share [2] Group 2: Business Transformation - Following the transaction, Yuanda Environmental will expand its main business to include hydropower generation and integrated development operations in the energy sector, alongside its existing environmental services [3] - The acquisition signifies a strategic shift towards a dual-driven model of "environmental protection + electricity," enhancing the company's operational efficiency and market competitiveness [3][4] Group 3: Industry Implications - The merger and acquisition strategy aligns with national goals for high-quality capital market development and resource optimization, supporting the company's transformation and value creation [4] - The integration of hydropower assets is seen as a response to the growing demand for clean energy and environmental protection, positioning Yuanda Environmental favorably within the industry [5] - The combination of "hydropower + environmental protection" is viewed as a significant trend in the industry, potentially setting a new paradigm for large environmental enterprises [5]

Group 1 - The core viewpoint of the news is that Beijing Enterprises Ecological Environmental Group Co., Ltd. has received a "AAA" rating for its 2025 public issuance of renewable corporate bonds, indicating strong creditworthiness and operational sustainability [1] - The company is recognized for its leading position in the water industry, complete industrial chain, strong market synergy, and growth in operating income and gross margin, which enhance its profitability and credit strength [1] - The company has a high level of interest-bearing debt and faces challenges such as long repayment cycles for comprehensive water governance projects and pressure on engineering business expansion [1] Group 2 - Beijing Enterprises Ecological Environmental Group was established in 1999 and listed on the Shanghai Stock Exchange in 2000, with a strategic focus on the water industry since a partnership with Veolia Environment in 2001 [2] - The company has expanded its business to include solid waste treatment and air pollution control, forming a comprehensive layout across water, solid waste, air, and energy sectors [2] - In 2024, the company achieved a total operating revenue of 20.05 billion yuan [2]