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In 2002, China National Development and Investment Corporation acquired the shares of Sinopec, the controlling shareholder of Hubei Xinghua, and signed the asset replacement agreement with Hubei Xinghua. The equity transfer and asset replacement took effect on September 30, 2002. In the same year, the company changed to SDIC Huajing Power Holding Co., Ltd., and its registered address was moved from Hubei to Lanzhou, Gansu.
After the reorganization and listing of the company in 2002, with the strong support of the controlling shareholder State Development Investment Corporation and the unremitting efforts of the company itself, the company has achieved rapid expansion in scale and efficiency, The net assets of the company increased from 773 million yuan at the time of completion of asset replacement to 4186 million yuan at the end of 2007. The total installed capacity and equity installed capacity of the company also increased from 1.5 million kilowatts and 630000 kilowatts to 6.57 million kilowatts and 3.05 million kilowatts at the end of 2007, becoming a blue chip stock with good growth in the power sector. At the same time of development, the company does not forget to give back to the majority of shareholders. The fifth extraordinary general meeting of shareholders in 2005 deliberated and passed the resolution that the proportion of annual cash dividends before 2010 will not be less than 50% of the profits available for shareholders' distribution in the current period. With good performance, perfect corporate governance and solid and effective investor relations management, the company has established a good market image. In recent years, the company has been selected as the "top 50 Chinese listed companies with the most investment value in 2005" by CCTV, the "top 100 Chinese Listed Companies in 2005" by China Securities News and Shanghai Securities News, and the "top 100 Chinese A-share listed companies with the best investor relationship management" in 2006.
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