The latest action of “China Shenzhou” China Cssc Holdings Limited(600150) ignited the “enthusiasm” of its listed companies. On December 29, China Cssc Holdings Limited(600150) listed companies’ share prices rose collectively.
The good news comes from an asset restructuring of China Cssc Holdings Limited(600150) . On December 28, Cssc Science & Technology Co.Ltd(600072) (600072. SH) announced that the indirect controlling shareholder China Cssc Holdings Limited(600150) group is currently planning major events related to the company, which is expected to involve the issuance of shares to purchase 100% equity of CSCEC, 88.58% equity of CSCEC wind power development, 100% equity of Xinjiang Haiwei, 44.64% minority equity of Luoyang Shuangrui and 10% minority equity of lingjiu electric, and plans to raise supporting funds.
At the same time, China Shipbuilding Power (600482. SH), another listed company of China Cssc Holdings Limited(600150) , also issued an announcement to further standardize the horizontal competition of diesel engine business of China Cssc Holdings Limited(600150) group. It plans to form a joint venture with China Shipbuilding Industry and China Cssc Holdings Limited(600150) .
The 21st Century Business Herald reporter noted that in this China Cssc Holdings Limited(600150) asset restructuring, wind power assets played a pivotal role and attracted much attention from the outside world. The announcement shows that the business scope of the five target companies involved in the asset restructuring involves the development and manufacturing of equipment, software and hardware related to wind power generation. Among them, China haizhuang is the leading enterprise of wind turbine in China.
“This asset restructuring shows that China Shipbuilding Group has started a more substantive action in the reform of state-owned enterprises and asset securitization. This is also in line with the timetable requirements of the three-year action plan for the reform of state-owned enterprises. Improving the asset securitization rate of state-owned enterprises is one of the main tasks.” A brokerage analyst told reporters.
“being in charge of the family” finally comes to A-Shares
As the core asset of the asset restructuring, China offshore equipment is one of the top ten global onshore wind turbine manufacturers. It can provide solutions for onshore, offshore and overseas wind power markets and wind power operation and maintenance markets, and is providing high-quality operation and maintenance services for more than 200 wind farms.
According to the ranking of new hoisting capacity of China’s wind turbine manufacturers in 2020, China offshore decoration added 2.92gw of hoisting capacity last year, ranking ninth, with a Chinese market share of 5%. According to public data, as a wind power enterprise specializing in wind power equipment system integration design and manufacturing, wind farm engineering services and new energy system integration services, China haizhuang has successively arranged ten general assembly bases in China.
However, what attracts the most attention from the outside world is that the company has won multiple offshore wind power projects at a “low price” recently.
In November this year, the first batch of affordable offshore wind power projects in China announced the bid winning situation. With the lowest bid price of 3830 yuan / kW and 4061 yuan / kW (including tower), China offshore equipment won the bid for the 280mW offshore wind power project of Xiangshan tuci of CGN and the No. 1 offshore wind power project of China Resources Cangnan.
In addition, China offshore equipment continued to promote the grid connection of offshore wind power projects, and completed the grid connection of all offshore wind power projects in Rudong region of Jiangsu this year on December 11; On December 23, the company successfully completed the full capacity grid connection of Guodian Zhejiang Xiangshan No. 1 offshore wind power project.
In fact, when CSCEC won the above-mentioned offshore wind power parity project at the lowest price, the outside world also talked about it. Because in 2020, the unit price of offshore wind power project is about 7000 yuan / kW. In this regard, Wang Manchang, Secretary of the Party committee and chairman of the company, said, “China haizhuang has fired the first shot in the era of offshore wind power parity.”
It is undeniable that CNOOC is indeed at the forefront in the field of offshore wind power. On December 10 this year, the floating platform of “Fuyao” floating wind turbine generator set independently developed by many member units of China Cssc Holdings Limited(600150) group led by China offshore decoration successfully went offline. The off-line of the project marks a milestone achievement in the development of offshore floating wind power equipment by the Ministry of industry and information technology, and lays a solid foundation for China’s offshore wind power to go to the far-reaching sea.
However, although China haizhuang has made great achievements in business operation in recent years, the outside world is more concerned about when it can land in the capital market.
In November this year, Haili wind power landed on the Shenzhen Stock Exchange, adding another member to the A-share wind power listed company. In addition, in September, another wind power head company, Sany Heavy energy technology innovation board, held an IPO meeting and waited for registration approval. Compared with the two wind power companies, China haizhuang also started the IPO early – in July 2017, it signed a listing guidance agreement with the sponsor and submitted a prospectus to the CSRC at the end of that year.
However, in June 2018, the CSRC disclosed the list of companies whose IPO review was terminated, including China shipping. At that time, it was reported that the reason why the company terminated its IPO was likely to be related to the asset integration of Beichuan at that time.
The Cssc Science & Technology Co.Ltd(600072) intends to acquire 100% equity of China haizhuang. If the transaction is successful, the latter will knock on the door of A-share capital market again after three years. However, after asset integration, it remains to be seen whether China haizhuang will place its future under the “fence” of Cssc Science & Technology Co.Ltd(600072) This listing platform, or continue to split and list independently.
central enterprises are blowing the wind of new energy asset integration
“China divine ship” is a combination of North and South ships. In July this year, China Cssc Holdings Limited(600150) officially launched further substantive integration – on July 1, nine listed companies under China shipbuilding group collectively announced that China shipbuilding group obtained 100% equity of China shipbuilding industry group and China Shipbuilding Heavy Industry Group through free transfer of state-owned equity, thus becoming the actual controller of nine listed companies.
According to the semi annual report of Cssc Science & Technology Co.Ltd(600072) 2021, CSIC Jiuyuan, a wholly-owned subsidiary of the company, has successively undertaken a series of professional engineering projects such as the general assembly base construction project (EPC) project of China offshore Xiangshan large offshore wind power equipment industrial park. Combined with the equity acquisition plan, the industry believes that Cssc Science & Technology Co.Ltd(600072) is expected to become the only capital platform carrying the relevant wind power assets of China Cssc Holdings Limited(600150) group in the future.
In fact, in the field of new energy asset integration, China Cssc Holdings Limited(600150) is not the only central enterprise to take action this year.
On December 23, Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) announced that, with the vote of the board of directors, the company passed the proposal on the establishment of Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) New Energy Group Co., Ltd., which reorganized and integrated the new energy project company controlled by its holding subsidiary China Hydropower Engineering Consulting Group Co., Ltd. and other holding subsidiaries.
On December 17, Huadian Power International Corporation Limited(600027) held a shareholders’ meeting and agreed to sell the second batch of new energy assets, new energy equity and early-stage projects of new energy to Fuxin development at a total consideration of about RMB 5.289 billion, which is the only new energy business development and integration platform of Huadian Group.
It is worth mentioning that improving asset securitization rate and revitalizing asset value has become an important purpose of new energy asset integration of central enterprises.
In November, Longyuan Power absorbed and merged the major asset restructuring project of A-share listed company * Inner Mongolia Pingzhuang Energy Resources Co.Ltd(000780) and successfully passed the meeting in the CSRC. This means that A-Shares will usher in another 100 billion level new energy listed company.
The Shanxi Guoxin Energy Corporation Limited(600617) power generation is increasing behind the wind of new energy asset integration by central enterprises.
According to the statistics of the national energy administration, in the first November of this year, the Shanxi Guoxin Energy Corporation Limited(600617) power generation reached 1035.57 billion kwh, breaking through 1 trillion kwh for the first time in the year, with a year-on-year increase of 32.97%, accounting for 13.8% of the power consumption of the whole society, an increase of 2.14 percentage points year-on-year.
At present, the cumulative installed capacity of wind power and Cecep Solar Energy Co.Ltd(000591) power generation in China ranks first in the world, and this year, the installed capacity of offshore wind power leaps to the first in the world.
The 21st Century Business Herald reporter noted that among the seven key tasks of energy work in 2022 released by the national energy administration, next year, we will promote the nearby development and consumption of wind power photovoltaic in the East, central and southern regions, actively promote the cluster development of offshore wind power and the development of wind power photovoltaic bases in the “Three North” regions, and pay close attention to the construction of wind power photovoltaic bases in deserts, Gobi and deserts.
“China Shenzhou” integrated ice breaking listed companies and took the lead in opening the prelude to restructuring
“China Shenzhou” big action to promote its asset integration involves three A-share companies
(21st Century Business Herald)
