The national power has advanced into the electrical equipment manufacturing industry, which has led enterprises to doubt that the annexation of the upstream national power is more monopolistic. The production of electrical equipment is competitive, and electricity is monopolistic. If monopolistic enterprises unite with some production enterprises, other production enterprises will lose their foundation for survival.
Nan Cunhui, chairman of Chint Group, organized to apply for the establishment of the national aluminum based materials and products quality supervision center, felt a great crisis, Because Guodian Corporation (hereinafter referred to as "Guodian") is frequently acquiring its peer enterprises recently
nancuhui is worried that Guodian will achieve internal procurement after it enters the upstream equipment manufacturing industry, while other enterprises that have not been acquired by Guodian will be very sad from now on. Wangshucheng, vice president of Chint Group, told outlook Oriental weekly that Nan Cunhui also reflected his concerns to Premier Wen Jiabao when he visited Chint
more than one person is equally worried. As early as July this year, the bosses of electrical equipment manufacturing enterprises reported their demands to the China Machinery Industry Federation (hereinafter referred to as "the China Machinery Industry Federation"), which led to the latter's two successive written representations to relevant state departments
the initial query came from the large-scale acquisition of two electric equipment manufacturing enterprises in Henan by Guodian
on July 17, China Electric Power Research Institute (hereinafter referred to as "EPRI"), Ping An Trust Investment Co., Ltd. and XJ Group signed the cooperation framework agreement. By increasing capital and shares, EPRI replaced Ping An Trust as the controlling shareholder of XJ Group, with a shareholding ratio of 60%. In the future, cetca will further increase its shareholding in XJ Group to 100%
on the same day, another subsidiary of Guodian, Guoji International Technology & Equipment Co., Ltd. (hereinafter referred to as "Guoyu") signed an agreement with the state owned assets supervision and Administration Commission of Pingdingshan City, Henan Province, to transfer 100% of the equity of Pinggao group held by the latter free of charge
XJ Group is a leading enterprise in power system automation, relay protection and power transmission and transformation equipment in China. It owns the listed company XJ electric; Pinggao group is the backbone enterprise of high-voltage electrical switchgear in China and owns the listed company Pinggao electric
"China's power equipment industry has been changing technology through the market, but it has never formed an enterprise as important in the world as abb and Siemens. As the largest customer in this industry, it is possible for Guodian to introduce foreign technology, cultivate large domestic enterprises and finally 'go global' because it has a market negotiation position. One of its own business strategies is to expand overseas and recently acquired In order to do overseas business, we must have relatively strong equipment manufacturing strength. Therefore, I think the purpose of their integration is also to expand overseas. " Yang Fan, an analyst in the power equipment industry at CITIC Securities, believes that the acquisition is "of relatively positive significance"
hushuqing, deputy director of the major equipment office of the China Federation of machinery manufacturers, gave an example to this journal to illustrate the danger of national power advancing into upstream enterprises: at the end of last year, national power invited tenders for the procurement of converter valves, and cetca also participated in the bidding. "The price quoted by external enterprises is 1.1 billion yuan and 1.3 billion yuan. 1.1 billion yuan is the breakeven price. The price quoted by cetca is less than 900million yuan. Finally, it won the bid. It is a wholly-owned subsidiary of state power, and it directly made up for the lack of 200 million state power. Such competition is not fair."
the question of monopoly
"the separation of state power and Nanfang power is to break the monopoly. If the senior management allows state power to do so, Nanfang power will follow suit. In the future, the power company will conduct internal procurement, and competition is impossible." Said wangshucheng, vice president of Chint Group
"the production of electrical equipment is competitive and electricity is monopolistic. If monopolistic enterprises unite with some production enterprises, other production enterprises will lose their foundation for survival.
anti monopoly law enforcement agencies should prohibit this." Wangxiaoye, leading expert of the drafting group of the anti monopoly law and director of the Economic Law Research Office of the Law Institute of the Chinese Academy of Social Sciences, told outlook Oriental weekly
however, Wang Xiaoye has no great hopes for the Anti-monopoly Commission and the anti-monopoly law, because most of the members of the Anti-monopoly Commission are composed of people from some monopoly enterprises or leaders of regulatory departments, and the anti-monopoly law is "a tiger without teeth"
caiweici, vice president of China Federation of machinery manufacturers, introduced to this journal that just as the two acquisitions mentioned above were announced, China Federation of machinery manufacturers issued an appeal to the central policy research office, the Research Office of the State Council, the Ministry of industry and information technology, the China Federation of Industrial Economics and other institutions against the acquisition of upstream equipment manufacturing enterprises by China national power. In July, when reporting the economic operation situation of the machinery industry in the first half of the year to the leaders of the national development and Reform Commission and the State Council, China Machinery Association took the opportunity to put forward its own suggestions. In August, the CAAC once again submitted a more detailed report to relevant ministries and commissionsLuyansun, former Vice Minister of the Ministry of machinery industry, told outlook Oriental weekly that two months ago, he wrote to Premier Wen Jiabao to report his views in order to prevent Guodian from acquiring upstream equipment manufacturing enterprises
the opposition did not stop the pace of Guodian's acquisition. In September, according to the report on formaldehyde carcinogenesis issued by the World Health Organization in 2005, in the first ten days of the year, the national equipment company again obtained 33% of the equity of Changzhou Toshiba, a transformer manufacturer, from Changzhou municipal government through free transfer
the acquisition plan of Guodian has long been no secret. As early as February this year, Huang Shouhong, an analyst at Anxin securities, disclosed in a research report that "Guodian Corporation will conduct large-scale mergers and acquisitions of power transmission and transformation equipment enterprises". He even boldly speculated that the main listed companies to be integrated may be Pinggao electric, xudaiqi, Guodian Nanzi, Siyuan electric, TBEA, Rongxin shares and Tianwei baobian
at a time when secrets are becoming less and less secret, the external publicity of state power shows a deliberately low-key style. The official website of the company has never made any introduction to the above three acquisitions. "Our leaders generally do not accept media interviews. Some of them are arranged by the superior leaders, but it is difficult to follow the process and have not succeeded." The head of the company's outreach Department refused to be interviewed by the media
in addition to the monopoly behavior that will destroy the survival of many upstream enterprises, opponents also believe that Guodian's move runs counter to the direction of China's power system reform
hushuqing introduced that the current round of "power system reform" was initiated in 2002, which is marked by (b) the selection of experimental methods and methods: that is, the selection of the specified height, the corresponding point and the value of the power system reform plan of the State Council. "Breaking monopoly and introducing competition" is listed as the first goal of this reform. The plan has designed a four-step plan for "power reform": the first step is "separation of power plants"; The second step is "primary and secondary separation"; The third step is "separation of transmission and distribution"; The fourth step is "separation of placement". This plan is very consistent with the "electricity reform" direction of developed countries in Europe and the United States since the 1970s
"separation of factories" was soon realized. At the end of 2002, the former State Power Corporation was split and reorganized into 11 companies: 2 home appliance companies, 5 power generation group companies and 4 auxiliary industry group companies. Since then, State Grid Corporation of China has stepped onto the historical stage
the original intention of "separating the main business from the auxiliary business" and stripping the auxiliary business is to reduce the burden of power enterprises and clarify the real cost of power operation, so as to pave the way for the marketization of electricity price. However, the reform has made slow progress in the second step. At present, the auxiliary industries set aside by the power company are only "three industries" such as hospitals and schools, and most units related to "power" have been retained. Moreover, according to the State Grid Corporation of China, the company is also an authentic non related diversified company. Its direct subsidiaries even include a media investment group, two insurance companies, an insurance brokerage company, a trust company A securities company
"I suggest that the companies under the State Grid go public as far as possible through the capital market, so that they can 5. Operate openly and transparently in strict accordance with the specifications after the upper and lower clamps clamp the test pieces." Yang Fan said
it is understood that for power enterprises, there have been disputes over what is the main business and what is the auxiliary business. But in wangshucheng's view, the problem is not so complicated. "Developing electricity is the main business of the electricity company, and the rest are auxiliary businesses."
although the relevant national departments have not yet made clear their opinions on the merger and acquisition of upstream enterprises by Guodian, luyansun told that the State Council has instructed the national development and Reform Commission to take the lead in listening to the opinions of all parties. "A few days ago, we went to XD, Shenyang special substation and China machine union for opinions."