Chongqing Three Gorges Water Conservancy and Electric Power Co.,Ltd.
Summary
Revenue :
000,000 M USD
Finance :
000,000 M USD
Earning Cap :
000,000 M USD
Invest :
000,000 M USD
R & D :
0000 People
Growth :
00% AGR
DIGDAL CAP
Overview
| General Introduction | Chongqing Three Gorges Water Resources and Electric Power (Group) Co., Ltd. originated from the Wanxian Electric Power Company established in 1929 and has a history of industrial development for over 80 years. The company was approved by the Sichuan Provincial Economic System Reform Commission in 1994 and jointly initiated by enterprises such as the former Wanxian City Electric Power Corporation and Xiaojiang Power Plant. It was restructured into a joint-stock limited company through targeted fundraising. In August 1997, the company was listed on the Shanghai Stock Exchange (stock code: 600116) and is a listed power company in Chongqing. Chongqing Three Gorges Water Conservancy and Electric Power (Group) Co., Ltd. (hereinafter referred to as the company) originated from the Wanxian Electric Power Company established in 1929. In 1941, Mr. Zhang Guangdou, a Chinese hydropower tycoon, designed and built the first hydroelectric power plant in the Wanxian area - the Langdu Power Plant, which opened a new chapter in the company's development. In 1994, with the approval of the Sichuan Provincial Economic System Reform Commission, the company was restructured into a limited liability company through targeted fundraising. It was successfully listed on the Shanghai Stock Exchange (stock code: 600116) in 1997, becoming the first electric power listed company in Chongqing. In 2020, it acquired 100% equity of Chongqing Changdian United Energy Co., Ltd. and Chongqing Liangjiang Changxing Electric Power Co., Ltd., demonstrating overall scale efficiency and collaborative development advantages. The controlling shareholder of the company is China Changjiang Power Co., Ltd., and the actual controller is the State owned Assets Supervision and Administration Commission of the State Council. The company is currently mainly engaged in power generation, power supply, power survey and design, power engineering installation, comprehensive energy, manganese mining, and electrolytic manganese production, processing, and sales. The company has installed 2.13 million kilowatts of centralized power supply, including 750000 kilowatts of self owned hydropower, with an annual sales of nearly 20 billion kilowatt hours (including the market-oriented sales of electricity by the joint venture Liangjiang Power Supply). The power supply area covers the "four districts and two counties" of Chongqing, as well as districts and counties such as Huayuan in Hunan Province and Songtao in Guizhou Province. It has formed an interconnected power supply main relationship with the State Grid and Southern Power Grid, and has initially created a distribution and sales network with a certain scale within the supply area, It provides a strong guarantee for the economic and social development of the local area with electricity elements. In recent years, corporate governance has been continuously improved, leveraging the capital market to achieve leapfrog development. In 2010 and 2015, the company achieved two rounds of capital market refinancing, raising 1.26 billion yuan. On April 29, 2020, the company's major asset restructuring was approved by the China Securities Regulatory Commission; On May 21st, the company completed the delivery of restructured assets; And in June, 64.43 million shares were successfully non-public issued, raising a capital of 500 million yuan. At present, the company has a total share capital of 1912142904 shares, total assets of nearly 20 billion yuan, net assets of over 10 billion yuan, and nearly 4000 registered employees. The company will continue to deeply implement the major deployment of national power system reform and mixed ownership reform in the future, comply with the trend of the "energy revolution", closely focus on the goal of "carbon peak, carbon neutrality" and the national strategy of "establishing a sound green and low-carbon circular development economic system", closely cooperate with the industrial development strategy of Three Gorges Group, and closely adhere to the strategic goal of "building a first-class comprehensive energy listed company based on distribution of electricity", and closely adhere to the distribution of electricity, comprehensive energy Three major new energy businesses, actively building four major industrial development platforms, enhancing innovation and development capabilities, developing high-quality project resources, continuously improving industrial development capabilities and comprehensive profitability, striving to promote green and low-carbon development, creating a benchmark for the comprehensive energy industry, and achieving leapfrog development. |
| Headquarter | Chongqing |
| Establish Date | 4/28/1994 |
| Listed Code | 600116.SH |
| Listed Date | 8/4/1997 |
| Chairman | Xie Jun. |
| CEO | Zhou Zeyong. |
| Website | www.cqsxsl.com |
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