On February 11, Suzhou Thvow Technology Co.Ltd(002564) (002564. SZ) officially released the major asset restructuring plan. The restructuring plan shows that the restructuring plan consists of two parts: issuing shares to buy assets and raising supporting funds through non-public issuance of shares. Among them, Suzhou Thvow Technology Co.Ltd(002564) plans to purchase 100.00% equity of Shanghai Boiler Plant Co., Ltd. from the controlling shareholder Shanghai Electric Group Company Limited(601727) by issuing shares. Meanwhile, in order to improve the integration performance of this transaction, Suzhou Thvow Technology Co.Ltd(002564) plans to raise matching funds of no more than 960 million yuan from the non-public offering of shares of Shanghai Lixin, a related party of the controlling shareholder.
After the completion of this reorganization, Suzhou Thvow Technology Co.Ltd(002564) will focus on the two business segments of "new power design and system solutions, energy and chemical high-end equipment manufacturing and services". Guided by intelligent technology and core equipment, it is committed to becoming an internationally renowned and China's first-class service provider of low-carbon and efficient energy utilization system solutions.
It is reported that after Shanghai Electric Group Company Limited(601727) holding Suzhou Thvow Technology Co.Ltd(002564) in 2018, it fully supports the development of Suzhou Thvow Technology Co.Ltd(002564) and actively promotes the development of Suzhou Thvow Technology Co.Ltd(002564) main business. In order to further support the development of Suzhou Thvow Technology Co.Ltd(002564) , Shanghai Electric Group Company Limited(601727) plans to consolidate the asset quality of Suzhou Thvow Technology Co.Ltd(002564) by injecting Suzhou Thvow Technology Co.Ltd(002564) into the boiler plant. After the completion of this transaction, the shareholding proportion of Shanghai Electric Group Company Limited(601727) will be greatly increased and become the absolute controlling shareholder of Suzhou Thvow Technology Co.Ltd(002564) .
focus on low-carbon and efficient utilization of energy and actively grasp the development opportunities under the dual carbon goal
In 2020, based on the inherent requirements of promoting sustainable development and the responsibility of building a community with a shared future for mankind, China announced the goal and vision of carbon peak and carbon neutralization. The proposal of "double carbon" goal has a profound development background at home and abroad, and will also have a profound impact on the development of China's energy industry. The realization of the "double carbon" goal will give birth to a new industry and business model. As a Suzhou Thvow Technology Co.Ltd(002564) and boiler plant closely related to the energy industry, it is necessary to actively respond to the trend and challenges of industrial structure reform, actively grasp the development opportunities brought by green transformation and look for new driving forces for development. The implementation of this major asset restructuring has made it possible for both parties to the transaction.
Shangguo power plant is the first large state-owned enterprise established after the founding of new China, specializing in the design and manufacture of power station boilers. It is a leading power station boiler equipment provider in the industry and one of the world's leading comprehensive energy solution providers. It has mastered the core technology in the field of power generation technology such as supercritical, ultra supercritical and secondary reheat boilers, and has photothermal heat absorbers Molten salt energy storage and other renewable energy equipment technology. By providing efficient boiler equipment and services, green chemical design and complete sets of equipment for the downstream energy industry and chemical industry, shangguo plant helps the downstream industry to reduce carbon emission indicators, actively grasp the opportunity of coal-fired power unit transformation in the national coal-fired power industry by relying on the core technology, and promote the coal-fired power industry to continuously improve the level of clean and efficient utilization; At the same time, actively carry out the R & D and Application Layout of carbon capture technology and carbon dioxide comprehensive utilization technology, and help coal power and chemical enterprises reduce carbon emission targets.
create a new pattern of "one platform, two engines"
Suzhou Thvow Technology Co.Ltd(002564) said that through this reorganization, the company will focus on the two business segments of "new power design and system solutions, energy and chemical high-end equipment manufacturing and services", and the strategic pattern of "one body and two wings" of the company has been basically formed.
In the field of new power design and system solutions, the company will continue to take CMEC power as the main body, rely on its own professional qualification advantages and rich project experience, continue to strengthen its system solution ability in the field of new energy projects, and give full play to the collaborative advantages of CMEC power design ability and high-efficiency power station boiler equipment technology of Shanghai Boiler Plant, so as to complement each other in "light coal" Layout more application scenarios such as "fire storage" joint commissioning.
In the high-end equipment manufacturing and service sector of energy and chemical industry, the company takes the above boiler plants as the main body, relies on the core technology and industry advantages, and cooperates with Suzhou Thvow Technology Co.Ltd(002564) and its subordinate enterprises to provide technologically leading, low-carbon and efficient complete sets of energy, chemical and industrial equipment and comprehensive solutions for downstream power, chemical, thermal, steel, nonferrous metals, municipal environmental protection and other industries.
Insiders pointed out that the addition of shangguo plant will bring synergy to Suzhou Thvow Technology Co.Ltd(002564) existing business structure and realize "1 + 1 > 2". On the one hand, through this reorganization, we will give full play to the technical advantages of energy equipment of shangguo power plant and the advantages of China machinery power design capacity, and jointly grasp the business opportunities of coal saving and consumption reduction transformation, flexibility transformation and heating transformation of coal-fired power units in China. On the other hand, this reorganization will help strengthen the in-depth cooperation among shangguo plant, state-controlled global and Zhanghua machine in chemical process design and equipment design and manufacturing, and create more competitive chemical equipment and system solutions.
Suzhou Thvow Technology Co.Ltd(002564) said that through this reorganization, the layout of the company's business assets will be more optimized and the business segments and lines will be clearer. Under the leadership of Shanghai Electric Group Company Limited(601727) , the company will strengthen its strategy and actively respond to and grasp the challenges and opportunities of industrial structure adjustment under the strategic goal of "double carbon".
the reform of state-owned assets and state-owned enterprises has entered a new stage. This reorganization further explores the value of state-owned assets through market-oriented capital operation
As a key area of state-owned enterprise reform, Shanghai has long promoted the reform of state-owned enterprises, encouraged the listing of enterprise groups' overall or core business assets, promoted the innovative development, reorganization and integration of state-owned assets, and optimized the layout structure of state-owned assets. 2022 is the final year for the implementation of the three-year action plan for state owned enterprise reform (2020-2022).
The reform of state-owned enterprises has been accelerating from local reform pilot to national wide promotion, from the maturity of theoretical system to the implementation of enterprise practice. By injecting 100.00% equity of shangguo plant with synergistic effect with Suzhou Thvow Technology Co.Ltd(002564) , it is not only of great significance to further strengthen, optimize, expand and consolidate the business of listed companies and promote the high-quality development of listed companies, but also of important case guidance to improve the operation efficiency of resource allocation of state-owned assets and realize the preservation and appreciation of state-owned assets.
