Shaoneng Group forms new subsidiary to expand energy business

Guangdong Shaoneng Group Co., Ltd. announced plans to establish Guangdong Shaoneng Baohua Electric Power Technology Co., Ltd. as a second-tier holding subsidiary. This new entity, with an initial registered capital of CNY 2,000m, will be 51% owned by Shaoneng Group's wholly-owned subsidiary, Guangdong Shaoneng Sure-Power Integrated Investment Co., Ltd., and 49% by Shenzhen Baohua Zhuohong Investment Co., Ltd. The move aims to optimize the business structure, expand green power operations, and enhance profitability by securing stable power supply.

The company's third-quarter report for 2025 highlights a proactive approach to business development despite a decline in overall operating performance. Shaoneng Group is actively implementing fine-tuned management, optimizing hydropower utilization, and developing smart centralized control centers for its hydropower assets. Additionally, the company is focused on expanding its biomass power generation, increasing fuel procurement, and improving operational efficiency in its comprehensive utilization power plants.

Guangdong Shaoneng Group also revealed a private placement of shares to Shaoguan Jincai Investment Group Co., Ltd., becoming jointly controlled by Shaoguan Municipal People's Government State-owned Assets Supervision and Administration Commission. This, along with a new restricted stock incentive plan, aims to attract talent and boost the company's core competitiveness. The establishment of the new subsidiary aligns with the company's strategic focus on energy and leveraging green electricity to support computing power development.