Baosteel Co., Ltd. plans to acquire part of the equity of Shandong Iron and Steel Rizhao, China Electronics Technology and Hualu Group have implemented reorganization, and new actions for the restructuring of local state-owned assets have continued to ......At the end of the year, the wave of mergers and acquisitions of state-owned enterprises was surging. Industry insiders believe that the meeting of heads of enterprises and the heads of local SASAC will be held in the near future to further deploy the reform of state-owned enterprises in 2024, the restructuring and integration of state-owned assets is expected to accelerate, and the layout of strategic emerging industries will become a new trend of professional integration of central enterprises.
The integration of central enterprises continues to advance
On the one hand, the professional integration of traditional industries is advancing in depth. On December 8, Baosteel announced that it planned to take 1070.3 billion yuan in cash to acquire Shandong Iron and Steel Group Rizhao ***486139% equity. This move will further enhance Baosteel's core competitiveness and increase the concentration of China's steel industry.
Recently, the restructuring and listing project of China Communications Construction Group's design sector and Gansu Qilianshan Cement Group Co., Ltd. was successfully completed. Industry insiders said that the capital operation will further enhance the capital strength of CCCC's design business, expand its business layout, and enhance its core competitiveness and profitability.
On the other hand, the restructuring and integration of strategic emerging industries have entered the fast lane. On November 29, the reorganization conference of China Electronics Technology Group and China Hualu Group was held. "CETC and Hualu Group are in the same electronic information industry, and the implementation of restructuring and integration reflects the orientation of optimizing the layout and structural adjustment of the state-owned economy. * Zhang Yuzhuo, Secretary of the Party Committee and Director of the State-owned Assets Supervision and Administration Commission, said that it is necessary to actively build a new generation of high-end information equipment, build the main force to promote the high-level self-reliance and self-improvement of electronic science and technology, create a leading goose to drive the upgrading of the whole industrial chain of electronic information, and create a new model that relies on reform and reorganization to stimulate vitality.
In addition, recently, the State-owned Assets Supervision and Administration Commission held a special meeting on deepening the professional integration of enterprises to accelerate the development of strategic emerging industries, and 14 groups of 23 enterprises signed key projects in two batches, involving key areas such as mineral resources, medical institutions, new infrastructure, biotechnology, and intelligent networked vehicles.
As one of the main actions of the reform of state-owned enterprises in recent years, professional integration will gradually deepen and solidify in the future on the basis of the large-scale integration practice and positive results achieved in the early stage, and more resources will be allocated to focus on strategic emerging industries and other fields. Hao Huihui, a data research expert on state-owned enterprise reform of Zhiben Consulting, said.
The restructuring of local state-owned enterprises is surging
Looking at the whole country, the tide of restructuring and integration of state-owned enterprises in many places is surging.
Jiangsu is integrating several commercial and trading enterprises based on Soho Holding Group. According to the latest announcement issued by Huihong International, the company's controlling shareholder, Suhui Asset Management, will hold 6741% of the shares were transferred to its controlling shareholder, Soho Holdings, free of charge, and the two parties signed a relevant agreement on December 5.
On December 13, *ST Caesars issued an announcement showing that the company's controlling shareholder will be changed from Caesars Sega Travel Management Consulting Co., Ltd. to Qingdao Huanhai Bay Cultural Tourism Development Co., Ltd., and the actual controller will be changed to Qingdao Shibei District State-owned Assets Operation and Development Center. This means that Qingdao state-owned assets will take a controlling stake in Caesars Tourism.
Recently, the collective unveiling ceremony of 6 newly established municipal state-owned enterprises in Haikou City was held, marking the formation of a new layout of state-owned assets and state-owned enterprises of "2 state-owned capital investment and operation platforms + 4 industry groups" in the city. The relevant person in charge of Haikou City said that the next step will be to accelerate the implementation of the integration and reorganization of municipal state-owned enterprises.
From the perspective of the secondary market, since the beginning of this year, more than 300 local state-owned enterprises have been merger and reorganization, mainly involving real estate, power and other industries.
Focusing on traditional industries, emerging industries and future industries, the local SASAC focuses on the optimization, transformation and upgrading of the economic structure, and continues to promote the strategic restructuring and professional integration of provincial enterprises, forming a phased 'high incidence period'. An analyst said that in addition to the restructuring and integration of local state-owned enterprises in traditional industries, there are also some new trends, such as the local government in accordance with the "management of capital" to build a market-oriented operation, professional management of state-owned capital investment and operation platform, in the local SASAC to promote the integration of some state-owned enterprises, such as in order to supplement the chain, strengthen the chain and actively build local strategic emerging industries, or the establishment of new state-owned enterprises, or the integration of the original scattered strategic emerging industry resources. Through integration and reorganization, local state-owned enterprises as a whole show the characteristics of "a number of state-owned capital investment and operation companies + advantageous industrial groups + n strategic emerging industries" state-owned assets layout, local state-owned enterprises through integration and reorganization, the overall number of reduction, but further enhance the concentration of state-owned capital, is conducive to enlargement of state-owned capital functions, enhance the core functions of enterprises.
The layout of strategic emerging industries has become a trend
The restructuring and integration of state-owned central enterprises has become one of the important directions for the reform of state-owned enterprises next year.
**The Party Committee of the State-owned Assets Supervision and Administration Commission held an enlarged meeting on December 13 to emphasize that it is necessary to strengthen confidence, guide and promote enterprises to adhere to the value creation orientation, optimize the structural adjustment of state-owned capital layout, vigorously develop strategic emerging industries and future industries, and thoroughly implement the deepening and upgrading of the reform of state-owned enterprises.
Judging from the recent special meeting of the heads of enterprises held by the State-owned Assets Supervision and Administration Commission of the People's Republic of China and the special meeting on deepening the professional integration of enterprises and accelerating the development of strategic emerging industries, structural adjustment and professional integration have become the key words.
Previously, the Party Committee of the State-owned Assets Supervision and Administration Commission (SASAC) wrote an article stating that it would deepen the reform around optimizing the allocation of resources and further increase the intensity of market-oriented integration and reorganization. Accelerate the integration and reorganization of key areas such as integrated circuits, industrial machine tools, equipment manufacturing, electronic information, medical and health, inspection and testing, increase the professional integration of new energy, mineral resources, backbone pipe networks, ports and terminals, and promote the rational flow and optimal allocation of state-owned capital.
The layout of strategic emerging industries has become a new trend of professional integration of central enterprises. Lin Xipeng, an analyst of China Merchants, believes that accelerating the layout of strategic emerging industries is the starting point for central state-owned enterprises to play the role of scientific and technological innovation, industrial control and security support, and professional integration is becoming a key measure for central state-owned enterprises to lay out strategic emerging industries.
Industry insiders believe that the restructuring and integration of state-owned enterprises will be the highlight of a new round of state-owned enterprise reform and upgrading. Under the requirements of improving the quality of listed companies controlled by central enterprises and accelerating the layout and development of strategic emerging industries, it is expected that the mergers and acquisitions of listed companies of central enterprises, especially strategic emerging industries, will be more active.