Jinbao Energy established a new company in Hotan, Xinjiang, including thermal energy production business.

According to the QiChaCha app, recently, Jin Fang Heating Co., Ltd. was established, with Yuan Delong as the legal representative and a registered capital of 10 million yuan. Its business scope includes heat production and supply; contract energy management; energy management services; retail of hardware products; and sales of building materials. Equity penetration by QiChaCha shows that the company is indirectly wholly owned by Jin Fang Energy.