China Shipbuilding Industry Group Power Co.Ltd(600482) : it is proposed to establish a joint venture with China shipbuilding industry group and China Cssc Holdings Limited(600150)

China Shipbuilding Industry Group Power Co.Ltd(600482) plans to jointly invest with China shipbuilding industry group and China Cssc Holdings Limited(600150) to form a joint venture and hold the controlling interest in the joint venture.

On December 28, China Cssc Holdings Limited(600150) heavy industry group power Co., Ltd. ( China Shipbuilding Industry Group Power Co.Ltd(600482) , 600482. SH) announced that China Cssc Holdings Limited(600150) Group Co., Ltd. (hereinafter referred to as ” China Cssc Holdings Limited(600150) group”) is planning China Cssc Holdings Limited(600150) Industry Group Co., Ltd. (hereinafter referred to as “China Shipbuilding Industry Group”) China Cssc Holdings Limited(600150) heavy industry group power Co., Ltd. (hereinafter referred to as ” China Shipbuilding Industry Group Power Co.Ltd(600482) “) and China Cssc Holdings Limited(600150) (hereinafter referred to as ” China Cssc Holdings Limited(600150) “) jointly invested in the establishment of a joint venture.

The announcement said that in order to further standardize the horizontal competition of diesel engine business under China Cssc Holdings Limited(600150) group, China Shipbuilding Industry Group Power Co.Ltd(600482) plans to jointly invest and establish a joint venture with China shipbuilding industry group and China Cssc Holdings Limited(600150) . The underlying assets used for capital contribution are the equity of China Shipbuilding Power (Group) Co., Ltd., China Cssc Holdings Limited(600150) heavy industry group Diesel Engine Co., Ltd. (hereinafter referred to as “China Shipbuilding Diesel”), Shaanxi Diesel Engine Heavy Industry Co., Ltd. (hereinafter referred to as “Shaanxi diesel heavy industry”) and Henan Diesel Engine Heavy Industry Co., Ltd. (hereinafter referred to as “hechai heavy industry”) held by the trading parties.

The announcement also said that China Shipbuilding Industry Group Power Co.Ltd(600482) will hold a controlling stake in the joint venture after the completion of the transaction. This transaction does not involve China Shipbuilding Industry Group Power Co.Ltd(600482) issuing shares. China shipbuilding industry group and China Shipbuilding Industry Group Power Co.Ltd(600482) are China Cssc Holdings Limited(600150) related parties. This transaction constitutes a related party transaction. After the transaction is completed, neither the controlling shareholder nor the actual controller of the company will change.

According to the China Shipbuilding Industry Group Power Co.Ltd(600482) third quarterly report, the revenue in the third quarter was 6.526 billion yuan, a year-on-year decrease of 10.66%; In the third quarter, the net profit attributable to shareholders of listed companies was 98 million yuan, a year-on-year decrease of 52.53%. The revenue in the first three quarters was 19.828 billion yuan, a year-on-year increase of 3.09%; The net profit attributable to shareholders of Listed Companies in the first three quarters was 518 million yuan, a year-on-year decrease of 11.9%.

According to the semi annual report, China Shipbuilding Industry Group Power Co.Ltd(600482) mainly covers seven power businesses and electromechanical supporting businesses such as gas power, steam power, diesel power, integrated power, chemical power, hot gas power and nuclear power (equipment). The company can provide customers with one-stop high-end power solutions integrating R & D, manufacturing, system integration, sales and services. The main application fields include the field of national defense power equipment; Ship and ocean engineering; Land industry and automobile consumption; Photovoltaic, wind power and other new energy fields.

As of December 28, China Shipbuilding Industry Group Power Co.Ltd(600482) was reported at 19.63 yuan, an increase of 1.76%; China Cssc Holdings Limited(600150) (600150. SH) was reported at 23.71 yuan, up 2.91%.

(surging News)

 

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