China Energy Engineering Corporation's new energy IPO has been accepted by the Shanghai Stock Exchange, with a planned fundraising goal of 9 billion yuan.

On September 11th, the IPO of China Energy Construction New Energy Group Co., Ltd. (referred to as Power Construction New Energy) on the Shanghai Stock Exchange has been accepted. CICC is its sponsor institution, with plans to raise 9 billion yuan. The prospectus shows that Power Construction New Energy's main business is the development, investment, operation, and management of wind power and CECEP Solar Energy power generation projects in China, with electricity as the main product. The company is fully committed to developing wind power generation and CECEP Solar Energy power generation business, with major assets spread across 28 provinces (autonomous regions, municipalities), covering areas with abundant wind resources and advantageous absorption. In terms of business layout planning, the company has a scientific layout, focusing on onshore wind power, photovoltaic solar-thermal, offshore wind power, and other new energy power generation businesses. It is actively promoting large-scale and base-oriented investments in wind and solar power projects, selecting high-quality projects with better resource endowments and larger absorption capacities, and establishing and deepening the company's operating layout in an orderly and focused manner. Power Construction New Energy is closely aligned with the national "dual-carbon" strategy, accelerating the increase in new energy power generation capacity during the "14th Five-Year Plan" period, continually strengthening operational management capabilities, and ensuring excellent profitability. During the reporting period, Power Construction New Energy's operating performance steadily increased, with continued expansion of the installed capacity of operational projects and a large reserve installed capacity. As of the end of the reporting period, the company's controlling power generation project installed capacity was 21,246,100 kilowatts, including 9,890,900 kilowatts for wind power projects and 11,355,200 kilowatts for CECEP Solar Energy power generation projects. The funds raised in this offering will be invested in the construction of wind power and CECEP Solar Energy power generation projects, with plans to use approximately 9 billion yuan, with details as follows: Financially, in 2022, 2023, 2024, and the period from January to March 2025, Power Construction New Energy is expected to achieve operating revenues of approximately 8.382 billion yuan, 8.728 billion yuan, 9.81 billion yuan, and 2.661 billion yuan respectively; during the same period, the company's net profits are expected to be approximately 1.981 billion yuan, 2.503 billion yuan, 2.822 billion yuan, and 0.555 billion yuan respectively.