Core Viewpoint - China Power (02380) has entered into an equity transfer agreement to acquire a 31% stake in Dazhou Energy for RMB 31 million, along with a total capital commitment and post-delivery capital input of RMB 427.8 million, amounting to a total of RMB 458.8 million [1] Group 1 - The acquisition involves a strategic partnership with Yanchang Petroleum Mining, which plans to acquire a 49% stake in Dazhou Energy [1] - Dazhou Energy is primarily engaged in power generation, transmission, distribution, and thermal production and sales [1] - Dazhou Energy holds the development rights for the "Northeast Sichuan Efficient Clean Coal Power Comprehensive Utilization Project," which includes the construction of two ultra-supercritical coal-fired power generation units with a total installed capacity of 2,000 megawatts in Sichuan Province, China [1] Group 2 - The acquisition is part of a "coal-electricity joint operation" model, introducing Yanchang Petroleum Mining as a strategic partner [1] - Yanchang Petroleum Mining commits to ensuring reliable coal supply and stable pricing through long-term coal supply agreements with Dazhou Energy [1] - This strategic arrangement is expected to enhance Dazhou Energy's future revenue and profitability, laying a solid foundation for collaborative development among all shareholders [1]

Core Viewpoint - China Power (02380.HK) has announced a strategic acquisition of a 31% stake in Dazhou Energy for a total consideration of RMB 458.8 million, aligning with national energy development policies and addressing power supply challenges in Sichuan province [1] Group 1: Acquisition Details - The acquisition involves a purchase price of RMB 31 million, along with a capital commitment and post-delivery capital input totaling RMB 427.8 million [1] - The acquisition is part of a broader strategy to enhance the reliability of power supply during peak demand periods in Sichuan, as outlined in the "14th Five-Year Plan for Energy Development in Sichuan Province" [1] Group 2: Strategic Importance - Dazhou Energy holds the development rights for the "Northeast Sichuan Efficient Clean Coal Power Comprehensive Utilization Project," which is designated as a key peak-shaving resource [1] - The project aims to alleviate peak load pressure on the Sichuan power grid and improve overall power supply reliability in the province [1] Group 3: Partnership and Future Prospects - The acquisition introduces Yanchang Petroleum Mining as a strategic partner through a "coal-electricity joint operation" model [1] - Yanchang Petroleum Mining has committed to long-term coal supply agreements with Dazhou Energy, ensuring reliable coal supply and stable pricing [1] - This strategic arrangement is expected to enhance Dazhou Energy's future revenue and profitability, laying a solid foundation for collaborative development among all shareholders [1]