电力信息化系统集成业务

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再现“A吃B”,海联讯合并杭汽轮获证监会批准
Huan Qiu Lao Hu Cai Jing· 2025-09-29 05:20
Core Viewpoint - The merger between Hailianxun and Hangqilun B is a significant asset restructuring and related transaction, with the approval from the China Securities Regulatory Commission marking the transition to the implementation phase of the deal [1][2]. Group 1: Merger Details - Hailianxun plans to absorb Hangqilun B through a share swap, with a swap price of 9.35 yuan per share for both companies, resulting in a 1:1 swap ratio [1]. - Following the completion of the merger, Hangqilun B will be delisted and its legal entity will be canceled, while Hailianxun will inherit all assets, liabilities, and operations of Hangqilun B [1]. Group 2: Ownership Structure - Both companies are under the control of the Hangzhou State-owned Assets Supervision and Administration Commission, which will remain the actual controller post-merger [2]. - Prior to the merger, Hangzhou State-owned Capital Investment Operation Co., Ltd. held 29.80% of Hailianxun and indirectly controlled 58.70% of Hangqilun B, while post-merger, it will hold 6.71% of Hailianxun directly and control 52.19% in total [2]. Group 3: Historical Context - Hangqilun, established in 1958, is a large state-owned enterprise focused on equipment manufacturing and has struggled to raise capital since its listing in 1998 [3]. - Hailianxun, listed on the Growth Enterprise Market in 2011, initially focused on power information system integration and became a subsidiary of Hangzhou Financial Investment Group in May 2020 [3]. Group 4: Financial Overview - As of June 30, 2025, Hangqilun's total assets were 17.545 billion yuan, with a net asset of 9.384 billion yuan, while Hailianxun's total assets were only 685 million yuan, with a net asset of 487 million yuan [4]. - Revenue figures for Hangqilun from 2022 to the first half of 2025 were 5.519 billion yuan, 5.924 billion yuan, 6.639 billion yuan, and 2.447 billion yuan, with net profits of 522 million yuan, 518 million yuan, 540 million yuan, and 153 million yuan respectively [4]. - In contrast, Hailianxun's revenues during the same period were 242 million yuan, 213 million yuan, 228 million yuan, and 75.164 million yuan, with net profits of 10.31 million yuan, 10.81 million yuan, 9.458 million yuan, and 1.566 million yuan [4].
董秘说|海联讯董秘陈翔:竞争是IT服务市场常态 也是企业进化的催化剂
Xin Lang Cai Jing· 2025-08-07 05:38
Group 1 - The core business of the company is focused on the power industry, providing integrated information system solutions and related technical consulting services [4][5] - The company emphasizes its competitive advantages in "depth" and "credibility," with a deep understanding of the power industry and a strong trust barrier built over ten years of service [5] - The company adopts a "demand-oriented + scenario customization" model to meet differentiated customer needs, offering a full lifecycle management service from demand response to continuous optimization [5] Group 2 - The company believes that effective management should center around "value creation," ensuring that all management actions contribute to enhancing company value [6] - The company encourages investors to focus on long-term value and core competitiveness, suggesting a rational approach to market fluctuations and a focus on fundamental analysis [7] - The company advises investors to maintain a diversified asset allocation strategy to mitigate risks and build a robust investment portfolio [7]