During the year, the M & A and acquisition of the listed company of state -owned -owned assets -owned assets of state -owned enterprises increased by 80% year -on -year

Reporter Du Yumeng

As the three -year operation of state -owned enterprise reform has entered a countdown, from the perspective of the optimization and structural adjustment of state -owned capital layout and structural adjustment, the characteristics of central enterprises' mergers and acquisitions and reorganizations have become clearer.

Tongllow iFind data shows that as of August 19 this year, 216 mergers and acquisitions involving state -owned asset -owned listed companies involved in central enterprises, compared with 120 in the same period last year, increased by 80%year -on -year.

The state -owned enterprise reform experts interviewed by the "Securities Daily" reporter believed that follow -up, whether from the demands or reality of reform or reality, the professional integration space of central enterprises is still large, and there are many opportunities and wide industry coverage.

State -owned asset -owned holding listed company

The acquisition of major assets increased by 250% year -on -year

On August 13, China Materials International issued an announcement saying that it is planning to issue shares and pay cash to purchase 100%equity of Hefei Cement Research Institute Co., Ltd. held by the China Construction Materials Science Research Institute Co., Ltd. and raise supporting funds. Prior to this, China Aluminum reported on July 24 that it was planned to acquire 9%equity of Yun Aluminum shares held by Yunnan Metallurgical Group Co., Ltd. in cash through non -public agreement. In fact, this is just a microcosm of the professional integration of central enterprises since this year.

According to Flush iFind data, as of August 19th, this year, excluding cases of transaction failure, a total of 734 mergers and acquisitions occurred in the A -share market state -owned holding listed companies. In the same period last year, 513 mergers and acquisitions incidents increased by 43.08%year -on -year. Among them, 216 mergers and acquisitions involved in the listing of state -owned asset -owned holding this year were, accounting for about 29.43%.

From the perspective of the acquisition of major assets, the CCP of the state -owned holding listed companies this year involved 29, an increase of 7%year -on -year. Among them, there are 14 listed companies in the state -owned asset -owned holding of the central enterprise, accounting for about 48.28%. In the same period last year, there were only 4 major asset acquisitions involved in the listed company of state -owned state -owned assets. In other words, the acquisition of major assets involved in state -owned asset -owned listed companies this year increased by 250%year -on -year.

A number of state -owned state -owned asset -owned listed companies have stated that the acquisition of relevant major assets will increase the company's anti -risk, competitiveness and profitability.

Liu Xingguo, a researcher at the Chinese Enterprise Federation, said in an interview with a reporter from the Securities Daily that after years of optimization and adjustment, compared with the strategic reorganization of the central enterprise group level, the current stage of the state -owned capital layout structure optimization and structural adjustment In the direction, it has shifted to the professional reorganization and integration of similar or similar business or similar businesses between central enterprises and central enterprises.

"With the help of professional integration, it can not only reduce the business overcome of central enterprises and its subsidiaries to avoid repeated investment. In addition, it can further promote the main business of central enterprises to focus on the main business." Similar or similar businesses, close -connected businesses of central enterprise subsidiaries are integrated into the same central enterprise group or central enterprise subsidiary company, which can make positive contributions to high -quality economic development in various aspects. First, it can effectively enhance the concentration of the industry, so as to promote the orderly development of the industrial market norms, and reduce the loss caused by the disorderly competition within the industry. Coordinated scientific and technological research to accelerate the obtaining technological breakthroughs; third, it can quickly enhance the industrial competitiveness of Chinese enterprises and better participate in industrial international competition.

Large space and many opportunities

Industry coverage

Although the professional integration of central enterprises has achieved active progress in recent years, in the face of the super -expected performance of some emergencies in the current domestic and international environment and the violent fluctuations in the global market, the stability of the industrial chain and supply chain obviously has also encountered great encounters greatly. challenge. In this context, professional integration with wider industry fields, wider participation, and higher degrees of participation is quite urgent.

To this end, Weng Jieming, deputy director of the SASAC, emphasized that in the next step, through professional integration, it is necessary to effectively solve the problems of homogeneous competition and repetitive construction between central enterprises. A group of "specialized and new" sub -enterprises with high professional level, strong innovation ability, and leading role have created a number of world -class companies with global competitiveness to promote the significant improvement of overall resource allocation efficiency, and the state -owned economic layout structure has been continuously optimized.

Among them, in terms of accelerating the effective integration of resources between central enterprises, Weng Jieming said that it is necessary to carry out the integration of the same business or homogeneous business among enterprises, and in testing and testing, medical health, equipment manufacturing, artificial intelligence, new energy, cloud computing, steel, logistics, logistics In other key areas and strategic, forward -looking emerging industries, accelerate the cultivation of first -class enterprises with strong competitiveness and excellent resource allocation.

"In fact, from the perspective of the development trend of the professional integration of central enterprises, its coverage may be fully spread to all fields involved in central enterprises and their subsidiaries in the future." Liu Xingguo believes that in the diversified development of central enterprises in the early stage, in the early period of central enterprises, in the diversified development of central enterprises in the early stage, The vast majority of central enterprises are involved in many industries, and individual central enterprises even have the entire industrial layout. Or, many central enterprise subsidiaries are participating in the same industry. Therefore, in terms of the demands or reality of reform, whether it is in the deep development of reform, the professional integration space of central enterprises will still be large in the future, and there are many opportunities and a wide range of industry coverage.

Talking about the matters that need to be paid attention to follow -up of the professional integration of central enterprises, Liu Xingguo said that first of all, when promoting the professional integration of central enterprises, regulators should try to follow the principle of marketization and avoid forcibly integrating; secondProfessional integration planning and arrangement, steadily and orderly advance integration, and effectively control and integrate potential risks. Finally, after the completion of the formal reorganization and integration of the enterprise, it must solidly promote the in -depth integration of the later period to ensure resources, assets, personnel, system, culture, culture, Market channels and other aspects are organically integrated.Wu Gangliang, a researcher at the Chinese Enterprise Reform and Development Research Association, said in an interview with the Securities Daily that whether it is strategic reorganization or professional integration, the most important thing is to achieve the integration of assets, business and personnel integration between reorganized enterprises, Then produce a collaborative effect of 1> 2.

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