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since the beginning of this year, policies supporting mergers and acquisitions have been frequently implemented, and the china securities regulatory commission has taken multiple measures to optimize the policy environment. the number of merger and acquisition projects has increased, and the market has become more enthusiastic. the a-share market has seen active merger and acquisition concept stocks.the news that the controlling shareholder, china north industries group corporation, and china electric equipment group corporation are integrating their power transmission and transformation equipment businesses came out. baobian electric, a concept stock of central enterprise reform, closed up 9 times in 13 days on friday; shuangcheng pharmaceutical, which plans to acquire aola shares and cross-border transform into the semiconductor industry, won six consecutive boards.。

according to wind data statistics, excluding failed restructuring, transferors, and st stocks,a total of 21 a-share listed companies have disclosed their m&a and restructuring progress since september., namely bengang plates, sinovation, jiangtian chemical, shanghai electric, china shipbuilding, fiberhome electronics, china tungsten high-tech, huaya intelligent, seres, hongmian, suao sensor, yongda, shuangcheng pharmaceutical, ningbo fubon, wanxiang qianchao, kairuide, juncheng technology, nanjing business travel, guolian securities, shenyang machine tool and haiqi group. the details are as follows:

china shipbuilding announced on september 18,the company and china national heavy industry corporation are planning to merge china national shipbuilding corporation by issuing a shares to all shareholders of china national heavy industry corporation.this transaction constitutes a major asset reorganization. after the merger is completed, china heavy industry will terminate its listing and cancel its legal person status. china shipbuilding will inherit and take over all of china heavy industry's assets, liabilities, businesses, personnel, contracts and all other rights and obligations. china heavy industry announced on the same day that each share of the company's stock can be exchanged for 0.1335 shares of china shipbuilding. analysts said,this merger is the largest absorption merger transaction in the history of a-share listed companies.in this share exchange and absorption merger, the transaction amount of the assets that china shipbuilding intends to purchase is the transaction amount of the share exchange and absorption merger of china heavy industry. according to "transaction amount = china heavy industry share exchange price × china heavy industry total share capital",the transaction amount is 115.1502784 billion yuan。

in addition, the 2024 semi-annual report data shows that the total assets of china shipbuilding are 174.342 billion yuan, and the total assets of china heavy industry are 201.974 billion yuan. according to static data calculation, after the merger, the total assets of the new company will exceed 370 billion yuan. cicc believes thatthe restructuring will integrate the group's high-quality assets：china state shipbuilding corporation limited has pledged to promote asset and business integration within five years. this reorganization is the first step in the asset reorganization of the shipbuilding sector. the merged company will become a leading enterprise in china's shipbuilding industry, with a number of high-quality shipyards under its umbrella. the research report believes that the reorganization will help integrate high-quality shipbuilding assets, clarify the positioning of each shipyard, and strengthen internal coordination.it has a positive impact on the long-term development of china's shipping industry。

on september 20, jiangtian chemical released an announcement on the progress of its major asset reorganization. in order to continue to promote the company's extension in the chemical new materials industry chain, expand the company's industrial layout, and improve operating performance,the company is planning to purchase 100% equity of sandaya in cashafter the completion of this transaction,sandaya will become a wholly-owned subsidiary of the company. as of the disclosure date of this announcement, the company and various intermediary institutions are conducting due diligence, auditing, and evaluation of the target company, and the parties involved in the transaction have not yet signed formal transaction documents. the transaction is still in the planning stage and there are many uncertainties. the company will strictly implement the decision-making approval procedures and information disclosure obligations based on the progress. jiangtian chemical's main business is the research and development, production and sales of high-end special fine chemicals with methanol downstream deep processing as the industrial chain. jiangtian chemical announced on august 19 that the company achieved operating income of 352 million yuan in the first half of 2024, a year-on-year decrease of 2.22%; and achieved a net profit attributable to shareholders of listed companies of 25.1 million yuan, a year-on-year decrease of 36.08%.

sinovate released a progress announcement on september 20.the company intends to purchase 100% of the equity of cspc biopharmaceuticals (shandong) co., ltd. held by cspc weisheng pharmaceutical (shijiazhuang) co., ltd., cspc (shanghai) co., ltd. and cspc enbi pharmaceutical co., ltd. by issuing shares and paying cash, and raise matching funds, this transaction constitutes an affiliated transaction and is expected to constitute a major asset reorganization. since the disclosure of the transaction plan, the company and related parties have actively promoted various tasks of this transaction. as of the disclosure date of this announcement, after the relevant work is completed, the company will convene a board of directors again to review the relevant matters of this transaction and perform the relevant subsequent approval and information disclosure procedures in accordance with the relevant laws and regulations. sinopharm issued an investor relations activity record sheet announcement on september 20,with the incorporation of jushi biopharmaceuticals, sinopharm is committed to the transformation of innovative biological drugsthe strategic importance of the health care products business will decline in the future, but for all kinds of health care products, the company will continue to deepen its presence in both the pharmacy model and the online channel sales model.

bengang plates issued an announcement on the progress of major asset replacement and related transactions on september 19.it is planned to exchange assets with benxi iron and steel, and the assets to be placed in the company are 100% equity of benxi iron and steel (group) mining co., ltd.the assets to be disposed of are all the assets and liabilities of the listed company except the retained assets and liabilities. the difference between the assets to be placed in and the assets to be disposed of shall be made up by one party to the other party in cash. as of the date of disclosure of this announcement, the transaction plan needs further demonstration and communication and negotiation, and the scope of the target assets and the transaction price have not been finalized. after the relevant matters are determined, the company will convene the board of directors again for deliberation. shanghai electric power issued an announcement on the progress of the major asset purchase and delivery on september 19,in 2016, the company approved the proposal to acquire 66.40% of ke's equity.however, the review results of ke's new multi-year electricity price mechanism (myt) are different from the delivery prerequisites agreed in the share purchase and sale agreement. the company is negotiating with the counterparty based on the new myt. it is worth noting that there is still a risk that the profitability of the target company may be affected by changes in electricity prices, which may even lead to the termination of the transaction.