On the evening of November 29, Sichuan Investment Energy (600674. SH), Sichuan Energy Power (000155. SZ) announced that it had received a notice from the controlling shareholder that the Sichuan Provincial People's Government intends to initiate the strategic restructuring of Sichuan Investment Group Co., Ltd. (hereinafter referred to as "Sichuan Investment Group") and Sichuan Energy Investment Group Co., Ltd. (hereinafter referred to as "Energy Investment Group").

In addition, Huahai Qingke (688120. SH), Sichuan Energy Investment Development (01713. HK), Huahuan Electronics (430009) also announced the above news, and several companies basically mentioned in the announcement that the above matters do not involve the company's major asset restructuring at present, nor will it have a significant impact on the company's normal production and business activities. Up to now, there has been no change in the controlling shareholder of the company. The Company will disclose information in a timely manner in accordance with relevant regulations according to the progress of the above matters.

From the perspective of equity, Sichuan Investment Group and Energy Investment Group are both large group companies under the Sichuan State-owned Assets Supervision and Administration Commission. Among them, Sichuan Investment Group is a holding subsidiary of Sichuan State-owned Assets Supervision and Administration Commission, and Energy Investment Group is a wholly-owned subsidiary of Sichuan Development (Holdings) Co., Ltd. (hereinafter referred to as "Sichuan Development"), and the shareholding structure of Sichuan Development is the same as that of Sichuan Investment Group, with 90% of the shares held by the State-owned Assets Supervision and Administration Commission of Sichuan Province and 10% held by the Sichuan Provincial Department of Finance.

According to the data, Sichuan Investment Group was established in October 1988 with a registered capital of 10 billion yuan, and is the first batch of provincial large-scale investment and financing operation companies and state-owned capital investment companies approved by the Sichuan Provincial Party Committee and the Provincial Government.

At present, Sichuan Investment Group has formed a "1+3" industrial layout with the energy industry as the core business, electronic information industry, health industry, advanced materials and strategic emerging industries as the three main industries, and the group has 25 wholly-owned and holding enterprises under its jurisdiction, including Sichuan Investment Energy, Sichuan Investment Gas-fired Power, Sichuan Investment New Energy, and Zipingpu, and has invested in Yalong River Basin Development Company, Guoneng Dadu River, Sichuan Tourism Investment, Sichuan Furun and other projects.

Founded in February 2011 with a paid-in capital of 17.506 billion yuan, Energy Investment Group is a leading enterprise in the energy and chemical industry in Sichuan Province. At present, Energy Investment Group holds listed companies such as Sichuan Energy Power, Sichuan Energy Investment Development, and Huahai Qingke.

Judging from the industrial map of the two companies, both sides have an important layout in the field of clean energy. Among them, the Energy Investment Group is involved in lithium batteries, photovoltaics, etc., while the Sichuan Investment Group is concentrated in the hydropower industry.

It is also worth noting that the merger of the two companies also means that Sichuan will once again have a super-giant company.

Titanium Media APP noticed that in 2023, the total revenue of Sichuan Investment Group and Energy Investment Group will exceed 100 billion yuan.

Specifically, in 2023, Sichuan Investment Group will achieve a consolidated operating income of more than 15 billion yuan, total assets of more than 110 billion yuan, and total profit of more than 4.5 billion yuan. According to the plan, during the "14th Five-Year Plan" period, the company will strive to achieve an asset scale of 150 billion yuan, an operating income of 20 billion yuan, and a total profit of 5 billion yuan.

According to the official website of Energy Investment Group, the company's current assets exceed 260 billion yuan, with an annual operating income of nearly 100 billion yuan, and the company expects that by the end of the "14th Five-Year Plan", the asset scale will exceed 400 billion yuan, the operating income will exceed 150 billion yuan, and the total profit will exceed 10 billion yuan.

Combined, the operating income of the two companies in 2023 will exceed 105 billion yuan. If the two companies can successfully realize their "14th Five-Year Plan", their assets will exceed 550 billion yuan and their operating income will exceed 170 billion yuan after the restructuring.

(Author: Yang Huan).