Hua Electric's new energy has submitted an IPO application to the Shanghai Stock Exchange. As of the first half of last year, the installed capacity of its power generation projects exceeded 50 million kilowatts.

On March 25th, Huadian New Energy Group Co., Ltd. (referred to as Huadian New Energy) applied to the Shanghai Stock Exchange for a change in the IPO review status to "registration submitted". Huatai United Securities and CICC are its sponsoring institutions, and it plans to raise 18 billion yuan. The prospectus shows that Huadian New Energy is the only platform for the final integration of China Best Wind Power Generation and CECEP Solar Energy, which are the main new energy businesses. The company's main business is the development, investment, and operation of wind power generation and CECEP Solar Energy projects. In addition to providing electricity products, the company also actively fulfills its social responsibilities, promotes economic development, supports rural revitalization, participates in desert greening and other environmental protection actions, achieves positive social impact, and integrates carbon peak and carbon neutrality goals into its long-term business development goals to promote sustainability in the community. Huadian New Energy's main assets are located in all 31 provinces (municipalities directly under the central government and autonomous regions) in China, covering regions with abundant wind and solar resources and strong demand for electricity consumption, making it one of the largest new energy companies in the country. As of June 30, 2024, Huadian New Energy's controlled power generation project installed capacity was 54,026,500 kilowatts, including 27,515,800 kilowatts of wind power (market share 5.89%) and 26,510,700 kilowatts of CECEP Solar Energy (market share 3.71%). The company's installed capacity and power generation scale of wind power and CECEP Solar Energy are at the forefront of the industry. With the commissioning of projects under construction and the acquisition of new project resources, the company will further increase its installed capacity, use more advanced equipment and technology, and consolidate its leading position in the domestic new energy industry. After deducting issuance expenses, the raised funds will be invested in the construction of wind power generation and CECEP Solar Energy projects, with approximately 18 billion yuan to be used. The project details include: In terms of financials, in the fiscal years 2021, 2022, 2023, and the first 6 months of 2024, Huadian New Energy achieved operating revenues of approximately 21.741 billion yuan, 24.673 billion yuan, 29.58 billion yuan, and 17.253 billion yuan respectively; during the same period, the company achieved net profits of approximately 7.866 billion yuan, 9.032 billion yuan, 10.138 billion yuan, and 6.553 billion yuan respectively.