Cssc Science & Technology Co.Ltd(600072) it is proposed to issue shares to purchase the equity of five companies and inject new energy industry assets

After 10 trading days of suspension, the major asset restructuring plan of Cssc Science & Technology Co.Ltd(600072) (600072) will come out, and the trading of shares will resume from January 13.

inject new energy assets

According to the announcement, Cssc Science & Technology Co.Ltd(600072) plans to purchase the underlying assets held by the counterparty by issuing shares, that is, 100% shares of China haizhuang, 10% minority interests of lingjiu electric, 44.64% minority interests of Luoyang Shuangrui, 88.58% shares of CSSC wind power and 100% shares of Xinjiang Haiwei. After the completion of the transaction, Cssc Science & Technology Co.Ltd(600072) will directly or indirectly wholly control the above five companies.

At the same time, Cssc Science & Technology Co.Ltd(600072) also plans to raise supporting funds from no more than 35 qualified specific investors. After deducting the relevant expenses of this transaction, it is intended to be used to supplement the working capital of the company and the target company or repay the debt, the construction of relevant projects of the target company, etc., and the issue price shall not be less than 80% of the average stock transaction price of the listed company 20 trading days before the first day of the issue period.

At present, the transaction consideration for the acquisition of assets has not been determined, and the total amount of supporting funds raised by issuing shares has not been determined. Cssc Science & Technology Co.Ltd(600072) said that the raising of supporting funds is based on the successful implementation of the issuance of shares to purchase assets, but whether the final raising of supporting funds is successful or whether it is raised in full will not affect the implementation of the issuance of shares to purchase assets.

Before the reorganization, Cssc Science & Technology Co.Ltd(600072) mainly engaged in engineering design, survey, consulting and supervision, general contracting and other businesses, and its service industries include shipbuilding, military industry, machinery, construction, municipal administration, environmental protection, hydraulic engineering and other industries.

The target assets of the reorganization are the assets of the new energy industry, mainly engaged in the manufacturing of wind power generation equipment, the development and operation of wind farms and photovoltaic power stations, new energy engineering construction services, etc. After the reorganization, Cssc Science & Technology Co.Ltd(600072) will inject new energy assets on the basis of existing engineering design and survey.

the net profits of the two target companies exceed 100 million

Statistics show that China haizhuang was founded in 2004 with a registered capital of 1.319 billion yuan, mainly engaged in the development, production and sales of large-scale wind turbines and core parts; The main products and services include various types of fans, blades and other core parts of fans, wind farm engineering construction, etc; The main customers include China's major central enterprises, power groups, some local state-owned enterprises and large private enterprises.

China Shipbuilding Heavy Industry Group controls 45.17% of the equity of China shipping through direct and indirect means, of which 18.26% is directly held. It is the controlling shareholder of China shipping, and the SASAC of the State Council is the actual controller of China shipping. In 2020 and 2021, China haizhuang achieved operating revenue of RMB 11.457 billion and RMB 13.729 billion respectively; The net profit is 148 million yuan and 182 million yuan.

The underlying assets with a net profit of more than 100 million yuan in 2021 also include Xinjiang Haiwei, whose net profits in 2020 and 2021 are 60.6479 million yuan and 104 million yuan respectively. Xinjiang Haiwei is mainly engaged in the investment, development and operation management of wind farms and photovoltaic power stations and the construction of new energy projects. In terms of new energy power generation, Xinjiang Haiwei has built four wind farms and four photovoltaic power stations, relying on wind power generation equipment and photovoltaic power generation equipment to produce electric energy.

Lingjiu Electric is a high-tech enterprise mainly engaged in the design, R & D, production and sales of wind power generation control system and large-scale surface navigation monitoring system. Its main products are megawatt wind turbine main control system, pitch system, wind power converter and wind farm monitoring system; The main products in the field of large-scale surface navigation monitoring system are ship lock monitoring system, ship lift monitoring system, gate hoist monitoring system, etc.

Luoyang Shuangrui's main products are wind turbine blades, one of the core components of wind turbines, including offshore wind power 4 X-10mw, onshore wind power 1.5-4 Xmw and other series blades.

CSSC wind power is mainly engaged in the investment, development and operation management of wind power industry and new energy project construction services through two subsidiaries of CSSC wind power investment and CSSC wind power engineering.

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