Jiuzhou Electric plans to acquire two wind power companies for 258 million yuan

Jiuzhou Electric said that through this transaction, the company quickly entered the downstream wind power operation segment from the electrical equipment manufacturing subdivision to realize the extension of the industrial chain, on the one hand, drive the capacity utilization of electrical equipment manufacturing and power-related engineering construction, on the other hand, establish new profit growth points, form synergy with the existing main business, and further strengthen its market competitiveness
.
At the same time, the company has obtained management experience in new energy operations, laying a solid foundation
for further expansion in the field of new energy in the future.

The operating income of Wanlong Wind Power and Jiaxing Wind Power from January to July 2016 (unaudited) was 20.
1152 million yuan and 19.
7596 million yuan respectively; The net profit (unaudited) was 1.
4286 million yuan and 3.
1025 million yuan
respectively.