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]