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身家1.8万亿,国电神华七夕终于“在一起”

2017-08-29 09:03:36   中国经济网

另外,重组后的人事安排也是外界关注的焦点。记者注意到,神华集团及旗下上市公司中国神华董事长职位空缺3个月,国电集团总经理职位空缺超过半年。

央企煤电一体化“刚开头”?

2017年3月,国资委主任肖亚庆曾在一场发布会上表示,围绕凝聚力量、结构调整,在钢铁、煤炭、重型装备、火电等方面,“不重组肯定是不行的”。

神华集团与国电集团的合并重组横跨煤炭和电力两个行业。李锦分析认为,神华集团和国电集团的合并是自宝武钢合并以来最大的央企重组案例,合并后有利于火电行业集中度提高,对推动“去产能”,提高行业盈利水平,推动供给侧改革也具有引领作用。

值得注意的是,此次重组成为煤电央企重组的第一例。8月28日晚间,国电电力与中国神华同时披露,两家企业拟以各自直接或间接持有的相关火电公司股权及资产共同组建合资公司。公告显示,此次中国神华将18个净资产合计约252.63亿元的火电资产注入合资公司,国电电力此次将22家净资产合计约291.49亿元的火电资产注入合资公司。“这两家单位是产业链的上下端,重组将使得抗风险能力提高。”祝波善分析表示。

但另一方面,由于同属一个产业链的上下游,煤电矛盾由来已久。以2016年业绩为例,2017年3月,中煤能源(601898,SH)发布的2016年年报显示已扭亏为盈,中国神华发布的2016年年报显示净利润上涨超过40%。而五大发电集团旗下上市公司多现业绩下滑,华电国际(600027,SH)2016年年报显示,归属于上市公司的净利润同比下降56.53%,大唐发电(601991,SH)2016年年报中,归属于上市公司净利直接由2015年的28.09亿元变为-26.23亿元。相较于2013年电企超九成“发大财”,近九成煤企遭遇“滑铁卢”的情况,煤电企业双方的境地可谓是“风水轮流转”。

煤电联营被认为是解决煤电矛盾的“药方”。2016年5月,发改委网站发布《关于发展煤电联营的指导意见》,要求提高煤电联营资源利用效率,增强煤电联营专业化管理水平,提升煤电联营项目竞争力。

那么在神华集团和国电集团的重组之后,央企的煤电一体化趋势如何?祝波善认为,“有继续的可能”。李锦则称“煤电一体化是个方向。”

目前煤炭央企和火电央企还包括,中国中煤能源集团有限公司和中国华能集团公司、中国大唐集团公司、中国华电集团公司、国家电力投资集团公司。

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