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8月1日晚間，華電國際（600027.SH，股價5.93元，市值606.49億(yi)元）公(gong)(gong)告，公(gong)(gong)司(si)擬通過(guo)(guo)發行A股(gu)及支付現(xian)金(jin)方式(shi)，向控股(gu)股(gu)東中國華(hua)電集(ji)團有(you)限公(gong)(gong)司(si)（以下簡稱中國華(hua)電）收(shou)購多家公(gong)(gong)司(si)股(gu)權，并(bing)向不超過(guo)(guo)35名特定投(tou)資者發行股(gu)份募集(ji)配套資金(jin)。本(ben)次發行股(gu)份的價格為5.13元/股(gu)。

7月(yue)(yue)18日(ri)，華電(dian)國際就(jiu)已發布相(xiang)關(guan)公(gong)告(gao)，并宣布公(gong)司股票自7月(yue)(yue)19日(ri)起停牌不超10個工作日(ri)。預案出爐后，公(gong)司股票將于8月(yue)(yue)2日(ri)復牌。

同日(ri)，華電國際還宣(xuan)布(bu)公(gong)司副(fu)董(dong)事長(chang)趙冰擬因個人(ren)工作調整辭職。

公司發電裝機量將提升近三成

具(ju)體(ti)來(lai)看，華(hua)(hua)(hua)(hua)電(dian)(dian)國際(ji)擬通(tong)過(guo)發行普通(tong)股(gu)(gu)(gu)及支付(fu)現金的方式，購買中(zhong)國華(hua)(hua)(hua)(hua)電(dian)(dian)持(chi)有(you)(you)的華(hua)(hua)(hua)(hua)電(dian)(dian)江蘇能(neng)源(yuan)有(you)(you)限(xian)(xian)公(gong)(gong)司(si)(si)80%股(gu)(gu)(gu)權(quan)；福(fu)建華(hua)(hua)(hua)(hua)電(dian)(dian)福(fu)瑞(rui)能(neng)源(yuan)發展有(you)(you)限(xian)(xian)公(gong)(gong)司(si)(si)持(chi)有(you)(you)的上海(hai)華(hua)(hua)(hua)(hua)電(dian)(dian)福(fu)新(xin)(xin)能(neng)源(yuan)有(you)(you)限(xian)(xian)公(gong)(gong)司(si)(si)51%股(gu)(gu)(gu)權(quan)、上海(hai)華(hua)(hua)(hua)(hua)電(dian)(dian)閔行能(neng)源(yuan)有(you)(you)限(xian)(xian)公(gong)(gong)司(si)(si)100%股(gu)(gu)(gu)權(quan)、廣州大學城華(hua)(hua)(hua)(hua)電(dian)(dian)新(xin)(xin)能(neng)源(yuan)有(you)(you)限(xian)(xian)公(gong)(gong)司(si)(si)55%股(gu)(gu)(gu)權(quan)、華(hua)(hua)(hua)(hua)電(dian)(dian)福(fu)新(xin)(xin)廣州能(neng)源(yuan)有(you)(you)限(xian)(xian)公(gong)(gong)司(si)(si)55%股(gu)(gu)(gu)權(quan)、華(hua)(hua)(hua)(hua)電(dian)(dian)福(fu)新(xin)(xin)江門能(neng)源(yuan)有(you)(you)限(xian)(xian)公(gong)(gong)司(si)(si)70%股(gu)(gu)(gu)權(quan)、華(hua)(hua)(hua)(hua)電(dian)(dian)福(fu)新(xin)(xin)清遠能(neng)源(yuan)有(you)(you)限(xian)(xian)公(gong)(gong)司(si)(si)100%股(gu)(gu)(gu)權(quan)；中(zhong)國華(hua)(hua)(hua)(hua)電(dian)(dian)集(ji)團發電(dian)(dian)運營有(you)(you)限(xian)(xian)公(gong)(gong)司(si)(si)持(chi)有(you)(you)的中(zhong)國華(hua)(hua)(hua)(hua)電(dian)(dian)集(ji)團貴港發電(dian)(dian)有(you)(you)限(xian)(xian)公(gong)(gong)司(si)(si)100%股(gu)(gu)(gu)權(quan)，并(bing)募(mu)集(ji)配套(tao)資金。

公告顯示，華電國(guo)(guo)際(ji)擬(ni)收購的(de)8家標的(de)公司主(zhu)營業(ye)務均(jun)為(wei)“火力(li)(li)發電項目的(de)投資開發和(he)經營管理”，主(zhu)要產品均(jun)為(wei)電力(li)(li)。擬(ni)注入(ru)資產的(de)合計在運裝機規模(mo)約為(wei)1597.28萬千(qian)(qian)瓦(wa)，占華電國(guo)(guo)際(ji)現(xian)有控(kong)股(gu)裝機規模(mo)5844.98萬千(qian)(qian)瓦(wa)的(de)27.33%，注入(ru)后將提高華電國(guo)(guo)際(ji)控(kong)股(gu)裝機規模(mo)至7442.26萬千(qian)(qian)瓦(wa)。

華(hua)電(dian)(dian)(dian)國(guo)際表示(shi)，火(huo)(huo)(huo)電(dian)(dian)(dian)一直(zhi)以來都是我國(guo)主力(li)電(dian)(dian)(dian)源(yuan)類型。截至2023年底，全(quan)(quan)國(guo)電(dian)(dian)(dian)力(li)總裝(zhuang)機(ji)規模達29.2億千瓦，火(huo)(huo)(huo)電(dian)(dian)(dian)裝(zhuang)機(ji)規模約13.9億千瓦（占(zhan)(zhan)比47.6%）；2023年全(quan)(quan)國(guo)總發電(dian)(dian)(dian)量達9.46億千瓦時(shi)，火(huo)(huo)(huo)電(dian)(dian)(dian)發電(dian)(dian)(dian)量約6.27億千瓦時(shi)（占(zhan)(zhan)比66.3%）。雖然當前火(huo)(huo)(huo)電(dian)(dian)(dian)裝(zhuang)機(ji)占(zhan)(zhan)比已不足50%，但(dan)火(huo)(huo)(huo)電(dian)(dian)(dian)發電(dian)(dian)(dian)量占(zhan)(zhan)比仍超60%并承擔了最(zui)為(wei)主要的頂(ding)峰(feng)發電(dian)(dian)(dian)任務。為(wei)保障(zhang)電(dian)(dian)(dian)力(li)供應安全(quan)(quan)，火(huo)(huo)(huo)電(dian)(dian)(dian)仍將在提供電(dian)(dian)(dian)量和頂(ding)峰(feng)發電(dian)(dian)(dian)方(fang)面(mian)占(zhan)(zhan)據主導地位(wei)。

華電國際還認為，2023年以來，隨著煤炭、天(tian)然氣增產(chan)及進(jin)口量(liang)增加，其價(jia)格相(xiang)對回(hui)落并仍有下降空(kong)間(jian)，火(huo)電實現(xian)盈利修復已有良(liang)好基礎(chu)。因此，注入火(huo)電資產(chan)，提升上市公司持續盈利能力正是時候。

控股股東推動解決同業競爭

華電國際(ji)控股股東中國華電曾在2014年(nian)8月作(zuo)出承(cheng)諾，將(jiang)按照有利(li)于解決同業競(jing)爭、避免發生實(shi)質性同業競(jing)爭的(de)原則，原則上以(yi)省(sheng)（或區域）為單位(wei)，將(jiang)同一省(sheng)內（或區域內）的(de)相關資產注入(ru)華電國際(ji)；具體操作(zuo)方案(an)將(jiang)根據中國華電相關資產狀況、資本市場認可程度，積極(ji)穩步推進。

中(zhong)國華(hua)電(dian)將在每年財務決算后(hou)，對非上市(shi)常規能源(yuan)發(fa)電(dian)資產是否符合注(zhu)入(ru)條(tiao)件進行(xing)核查，并進行(xing)披(pi)露；中(zhong)國華(hua)電(dian)將在非上市(shi)常規能源(yuan)發(fa)電(dian)資產滿(man)足資產注(zhu)入(ru)條(tiao)件后(hou)三年內(nei)，完成向華(hua)電(dian)國際注(zhu)入(ru)資產的工作。

據了解，本次擬注入合(he)計(ji)裝機規(gui)模約(yue)(yue)1597.28萬千瓦的常規(gui)能源(yuan)資(zi)產(chan)，約(yue)(yue)占中國華電(dian)控制的非上市常規(gui)能源(yuan)資(zi)產(chan)合(he)計(ji)裝機規(gui)模約(yue)(yue)6235.04萬千瓦的25.62%。

華(hua)電國(guo)際在公告(gao)中表(biao)示，這(zhe)將有(you)利于進(jin)(jin)一步(bu)減少同(tong)業(ye)競爭(zheng)，并提升華(hua)電國(guo)際的(de)資產規模、營(ying)業(ye)收入和凈利潤(run)水平，有(you)助于華(hua)電國(guo)際進(jin)(jin)一步(bu)完善境(jing)內常規能(neng)源資產布局范圍、拓寬收入來源，分散(san)整體經營(ying)風險。

封面圖片(pian)來源：每日經濟新(xin)聞(wen) 劉國(guo)梅 攝(she)（資(zi)料圖）