Guangxi Energy 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 | Guangxi Energy Co., Ltd. (listed on the Shanghai Stock Exchange, securities referred to as "Guidong Electric Power", securities code "600310") is approved by the People's Government of Guangxi Zhuang Autonomous Region in Guizheng Letter [1998] No. 114, with Hezhou Electric Power Company (now renamed "Guangxi Zhengrun Development Group Co., Ltd.") as the main initiator, invested in operational power and grid assets such as Hemianshui Power Plant and Power Supply Company, A state-owned holding enterprise registered and established on December 4, 1998. On January 12, 2001, with the approval of China Securities Regulatory Commission's Zheng Jian Fa Zi [2001] No. 4 document, the company publicly issued 45 million A-shares for the first time to the public. The company's shares were listed and traded on the Shanghai Stock Exchange on February 28, 2001. After the A-share issuance and listing of the company in 2001, the equity split reform in 2006, the targeted issuance of A-shares in 2011, the conversion of capital reserves into share capital in 2011 and 2015, the injection of new shares by Qiaogong Asset in 2020, and the targeted issuance of supporting funds in 2021, the current share capital is 1221.4256 million shares. The controlling shareholder is Guangxi Zhengrun Development Group Co., Ltd., holding 414.148 million shares, with a shareholding ratio of 33.91%, The second largest shareholder is Guangxi Guangtou Energy Group Co., Ltd., holding 208.6506 million shares, with a shareholding ratio of 17.08%. As of December 31, 2020, the company's total assets were RMB 20.191 billion, net assets were RMB 2.766 billion, operating revenue was RMB 18.754 billion, and net profit was RMB 288 million. We have 26 wholly-owned and holding subsidiaries, 11 participating companies, and our main business is power generation and supply. We are involved in power generation and supply, oil trade, new building materials, and other businesses. In 2020, the company ranked 7th among the top 50 service industry enterprises in Guangxi. When Guidong Electric Power was established, it undertook the majority of the power supply and all operational grid assets of its parent company Guangxi Zhengrun Development Group Co., Ltd. (formerly known as Hezhou Electric Power Company). At that time, the 110 kV transmission and transformation lines had already formed a ring network in Babu, Zhongshan, Fuchuan, Zhaoping, Cangwu, Tengxian, Mengshan, Cenxi, and other regions. In 1992, the Guidong Electric Power Grid first formed a 110kV ring network operation, and in 2020, the 220kV Wanxing Transformer to Litou Transformer's 220kV Wanli Ⅰ The successful operation of the Line II line has led to the formation of a 220kV ring network operation for the first time in the Guidong Power Grid. It is a local power enterprise with a complete and unified integrated system of power generation and supply, and the power generation and supply within the grid are mutually matched. After the listing of Guidong Electric Power, efforts were made to develop power sources and grid construction. In 2020, high-quality assets of Qiaogong Hydropower Station were injected into Guidong Electric Power. As of now, the total installed capacity owned and controlled by the company in terms of hydropower is 857600 kilowatts, mainly including 6 backbone power plants including Qiaogong Hydropower Plant, Hemianshi Power Plant, Bajiangkou Power Plant, Zhaoping Power Plant, Xiafu Power Plant, Jingnan Hydropower Plant, as well as 11 small hydropower plants such as Sencong Power Plant and Xiaxian Power Plant; In terms of thermal power, the main focus is on the Hezhou coal-fired power generation project (2 × 350000 kW). The power supply business scope of Guidong Power Grid includes Babu District and Pinggui District of Hezhou City, industrial zones such as Dongrong Industrial Park, Wanggao Industrial Park, and Ecological Industrial Park, as well as some areas of Wuzhou City. In 2020, the electricity sold was 4.08 billion kilowatt hours (excluding Qiaogong). The company actively integrates into the market while consolidating and developing its main power business. Utilizing its existing oil business qualifications, it has developed a refined oil business chain that integrates production and processing, petrochemical warehousing, refined oil sales, trade, and supply chain, continuously strengthening, expanding, and optimizing the power assets of Guidong. |
| Headquarter | Hezhou City |
| Establish Date | 12/4/1998 |
| Listed Code | 600310.SH |
| Listed Date | 2/28/2001 |
| Chairman | Yao Ruojun. |
| CEO | Huang Weijian. |
| Website | www.gdep.com.cn |
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