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both companies stated that the purpose of this restructuring is to implement the relevant spirit of the state council on promoting high-quality development of the capital market and improving the quality of listed companies. yuanda environmental protection stated that after the completion of this transaction, the company will build a domestic hydropower asset integration platform of the state power investment corporation and be controlled by china power to further consolidate china power’s comprehensive capabilities focusing on hydropower, wind power, solar power and high-quality thermal power. status as the flagship listing platform for clean energy. spic will inject part of spic's nuclear power assets through this major asset reorganization to help the company build a "first-class green energy industry and finance enterprise."

yuanda environmental protection: plans to build a state-owned enterprise within the territory of state power investment corporation

hydropower asset integration platform

specifically, on the evening of september 30, yuanda environmental protection announced that it had received the "notice on the planning of major asset reorganization matters" from the company's controlling shareholder and actual controller state power investment group, and initially considered the issuance of stocks or issuance by yuanda environmental protection stocks and cash payments were made to purchase controlling shares of wuling electric power co., ltd. and state power investment group guangxi changzhou hydropower development co., ltd., a subsidiary of china power, and to raise supporting funds simultaneously. this transaction is expected to constitute a major asset reorganization and related transactions, and does not constitute a restructuring and listing. the company's shares have been suspended from trading on september 30 and will continue to be suspended from the market opening on the morning of october 8. the trading suspension is expected to last no more than 10 trading days.

looking further, the transaction counterparties have been initially determined to include china power, state power investment group guangxi electric power co., ltd. (referred to as "guangxi company"), etc. the company will further contact the relevant shareholders of the restructuring target to determine the final scope of counterparties.

public information shows that china power was established in 2004 and listed on the main board of the hong kong stock exchange in the same year. it is mainly engaged in hydropower, wind power, photovoltaic power generation and other businesses. guangxi company is a 100%-owned company of china electric power, and its business scope covers the development, investment, construction, operation and management of electric power (water, thermal, gas, wind, solar energy, biomass power generation).

yuanda environmental protection said that after the completion of this transaction, the company will be built as a domestic hydropower asset integration platform of the state power investment corporation and controlled by china power to further consolidate china power’s comprehensive clean power, mainly hydropower, wind power, solar power and high-quality thermal power. status as the flagship energy listing platform.

according to the official website of the state power investment corporation, the total installed hydropower capacity of the state power investment corporation is 23.99 million kilowatts, ranking among the top ten in the world. the assets are mainly distributed in 14 provinces (autonomous regions and municipalities) such as qinghai and hunan. it has undertaken the development tasks of 2 of the 13 major hydropower basin bases in china (the upper reaches of the yellow river and western hunan). it also develops hydropower in overseas regions such as australia, south america and myanmar. business.

power investment, industry and finance plans to acquire some of the nuclear power assets of the state power investment corporation

according to the announcement of china power investment corporation, the company plans to purchase the controlling stake of state power investment corporation nuclear energy co., ltd. (hereinafter referred to as "power investment nuclear energy") through the issuance of shares, and at the same time acquire the controlling stake of state power investment corporation capital holdings co., ltd., and will raise funds based on specific circumstances. matching funds. this transaction is expected to constitute a major asset reorganization and related transaction, and does not constitute a change in the actual controller. the relevant plans have yet to be further discussed and determined. the company's shares have been suspended since the market opened on september 30, and the company expects to disclose this transaction plan within no more than 10 trading days.

spic nuclear energy is the nuclear power investment and operation management platform of the state power investment corporation. the company's total assets exceed 100 billion yuan and its registered capital is approximately 22.85 billion yuan. it is 73.24% owned by state nuclear power technology co., ltd. (hereinafter referred to as "state nuclear power") and china life insurance co., ltd. holds 26.76% of the shares.

public information shows that china power investment corporation’s nuclear energy investments include 100% equity of spic laiyang nuclear energy co., ltd., 65% equity of shandong nuclear power co., ltd., 45% equity of liaoning hongyanhe nuclear power co., ltd., 40% equity of cnnc henan nuclear power co., ltd., and sanmen nuclear power co., ltd. 14% equity of nuclear power co., ltd., etc. this means that after the transaction is completed, the relevant nuclear power assets of the state power investment corporation will be injected into the power investment corporation.

in addition, according to the announcement, power investment, industry and finance plans to acquire the controlling stake of state power investment group capital holdings co., ltd. through this asset reorganization, which will be 100% owned by power investment, industry and finance. its business scope covers equity investment, asset management, and asset trust management. wait.

the "dual improvement of quality and return" action plan previously released by the company shows that during the "14th five-year plan" period, the company will fully implement the spirit of the 20th national congress of the communist party of china and the third plenary session of the 20th central committee of the communist party of china, and firmly position itself as a "green energy industry and finance enterprise". adhere to the development concept of "energy as the foundation, finance as the wing, and collaboration and win-win".

state power investment corporation accelerates optimization of existing asset structure

public information shows that state power investment corporation is the first energy company in my country to own all types of power generation, including photovoltaic power generation, wind power, nuclear power, hydropower, coal power, gas power, and biomass power generation. it is jointly established by china power investment corporation and state nuclear power technology co., ltd. was reorganized and established in may 2015. as of the end of july this year, state power investment corporation's assets were 1.83 trillion yuan, with a total installed capacity of 244 million kilowatts, of which clean energy installed capacity accounted for 70.13%.

according to the official website information,state power investment corporationit is one of the three largest nuclear power investment operators in china. it has a total installed nuclear power capacity of 8.09 million kilowatts and has a third-generation passive nuclear power industry chain. it has r&d, design, engineering construction, key equipment manufacturing, operation and life-cycle service capabilities, and is responsible for the third-generation nuclear power industry. the strategic tasks of introducing, digesting, absorbing and re-innovating nuclear power.

at the beginning of this year, the state power investment corporation held a special seminar focusing on "improving the quality of existing stocks, optimizing incremental growth, and preparing for the future to promote the high-quality development of state power investment corporation." liu mingsheng, secretary of the party committee and chairman of the group, emphasized that under the guidance of china’s “3060” goals, the construction of a new power system with new energy as the main body will be accelerated, and new energy technologies will accelerate iteration. spic’s high-quality development will face many opportunities and challenges, and it is necessary to adhere to the direction of "building a world-class clean energy enterprise" to promote high-quality development.

in addition, spic has stated that one of the company's main work goals in 2024 is to closely focus on "improving stock and quality" and solving the outstanding problem of "big but not strong". the company will create a "horse racing" atmosphere, benchmark and improve quality and efficiency, and continue to optimize the existing asset structure by paying close attention to the disposal of "double losses", "two non-conformities" and "two capitals".