on the evening of March 31, longyuan power (SZ001289) announced that its wholly-owned subsidiary inner Mongolia longyuan new energy development co., ltd. (hereinafter referred to as inner Mongolia longyuan) would acquire 51% equity of Guohua (Cangzhou) integrated energy co., ltd. (hereinafter referred to as Guohua Cangzhou) at a price of 33.9408 million yuan.
figure: long yuan electric power announcement
inner Mongolia long yuan and Guohua energy investment co., ltd. (hereinafter referred to as” Guohua investment “) have signed the equity transfer agreement on March 31, 2026. inner Mongolia long yuan invested in Guohua to acquire 51% equity of Guohua Cangzhou company.
Public information shows that
the announcement also discloses key information about the transaction: because Guohua Investment is a wholly-owned subsidiary of State Energy Investment Group Co., Ltd., the controlling shareholder of Longyuan Power. According to the regulations, Guohua Investment is an associated legal person of Longyuan Power.
As the core target of this equity transaction, the “Cangzhou Green Port Hydrogen City” project, which is responsible for the overall development and construction of Guohua Cangzhou, has been successfully selected into the list of national green and low-carbon advanced technology demonstration projects, which is an important benchmark for the green hydrogen industrialization layout of the National Energy Group.
the project includes two parts: new energy and green hydrogen and green ammonia. the new energy part is currently planned to build a photovoltaic project totaling 1.09 million kilowatts, which has been connected to the grid and put into operation. The green hydrogen and green ammonia part plans to develop a green ammonia flexible pipe control system and carry out demonstration and verification of grid-connected green electricity hydrogen production and synthetic ammonia. In the current period, 22 sets of 1000 standard square/hour and 2 sets of 2000 standard square/hour alkaline electrolytic water hydrogen production systems are planned to be built. The hydrogen production scale is expected to be 14000 tons/year, and the synthetic ammonia scale is expected to be 50000 tons/year, which is currently under construction.
In terms of financial data, the announcement disclosed that Guohua Cangzhou Company was established in 2021 and had no revenue in 2024. In 2025, it achieved operating income of about 0.221 billion yuan and net profit of 0.023 billion yuan. As of the end of 2025, the subject company had total assets of $4.796 billion and net assets of $0.026 billion.
From an industry perspective, this equity consolidation is not an isolated action, but an important manifestation of the continuous deepening of the national energy group’s hydrogen energy strategy.
in recent years, relying on the general trend of energy transformation, the layout of the national energy group in the hydrogen energy circuit has gradually moved towards systematization and scale. from the landing of the green hydrogen green ammonia alcohol project and the laying of the hydrogenation station network to the construction of the hydrogen energy innovation platform and the cultivation of professional hydrogen energy companies, the national energy group is gradually building a full-chain hydrogen energy map covering “hydrogen production-hydrogen storage-hydrogen transportation-hydrogen.
it is particularly noteworthy that in early January this year, the national energy group officially added a “hydrogen energy division” to its official website’s “organizational structure”, becoming the first enterprise among the five major power generation groups to set up a hydrogen energy management department. this move marks the formal upgrading of hydrogen energy business to the group’s core strategic level and entering the stage of professional and systematic promotion.
The equity integration of its two core hydrogen energy platforms is the key landing action to promote the optimization of internal assets and strengthen the overall planning of hydrogen energy business after the establishment of the hydrogen energy division, demonstrating its firm determination to deepen the hydrogen energy track and promote the large-scale development of green hydrogen.
