Recently, Wanneng Electric Power successfully completed the capital increase and holding of Anhui Xinneng Venture Capital Co., Ltd. (hereinafter referred to as “Xinneng Company”). The registered capital of the latter increased from about 3.83 billion yuan to about 7.82 billion yuan, and the capital increase was nearly 4 billion yuan. The capital increase involves 25 billion yuan of energy assets, which has become a breakthrough achievement of Wanneng Group in promoting the professional integration of new energy sector.
Wanneng Power and New Energy Company are both key enterprises under Wanneng. This professional integration is a key measure for the group to deepen the reform of state-owned enterprises and lay out new energy industries. After the completion of the integration, the scale effect of the new energy sector of Wanneng Group has been fully released. At present, it has operated more than 50 wind, light and storage new energy projects, with a total installed capacity of 6.44 million kilowatts. The project map covers more than 30 cities in 11 provinces, including Anhui, Hunan, Xinjiang and Shaanxi, forming a cross-regional and multi-category new energy industry layout.
Relying on this integration, Wanneng Power and Xinneng Company will achieve complementary advantages, form a joint force in the optimal allocation of resources, power market transactions, centralized equipment procurement, and professional talent gathering, and comprehensively improve the new energy sector The level of intensive, professional, and refined management will further reduce management and operation and maintenance costs, realize the benign interaction between industrial development and capital operation, and continue to improve asset operation efficiency and core profitability.
2026 is the “management promotion year” of wanneng group. the group is actively promoting the market value management of listed companies. The professional integration of the new energy sector has fundamentally solved the problem of inter-industry competition in the group’s new energy business, laid a solid foundation for the large-scale development of the new energy industry, and not only effectively enhanced the overall anti-risk ability of the group’s new energy sector, but also It helps to maintain a good image of the capital market and effectively protect the legitimate rights and interests of investors.
In the next step, Wanneng Group will closely follow the “4332” development ideas and “211” development goals, and continue to deepen the activities of “Management Promotion Year” and “New Energy Project Landing Tackling Year”. The reform of state-owned enterprises will give full play to the comprehensive advantages of Wanneng New Energy “Group Army” in project development, engineering construction, equipment management and control, technological innovation, and team building, in the wind, light, storage and other new energy tracks continue to deepen efforts, promote the industrial scale and development quality of double improvement, officially open a new stage of large-scale and professional operation of new energy projects, accelerate the group’s comprehensive green and low-carbon transformation, for Anhui “three places and one district” construction to contribute more strength.
