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Guangxi Guiguan Electric Power Co., Ltd. (600236)
Guangxi Guiguan Electric Power Co., Ltd. (hereinafter referred to as "the company") was founded in September 1992. It is the first self financing enterprise in China to carry out hydropower construction and management. The company has two large and medium-sized hydropower plants, Dahua Hydropower Plant and Bailongtan hydropower plant, with a total installed capacity of 648mw. The annual electricity sales are about 3 billion kwh. The registered capital of the company is 675 million yuan. As of the end of June 2002, the total assets of the company are 3.554 billion yuan and the net assets are 2.641 billion yuan.
In February 2000, China Securities Regulatory Commission (CSRC) approved the public offering of 110 million RMB ordinary shares of Guiguan power to the public in the form of zjfz [2000] No. 14 document, and listed on Shanghai Stock Exchange on March 23, 2000 with the stock code of "600236".
(1) Guangxi torch Hi Tech Co., Ltd. was set up with 60% shares to engage in hi-tech development; ② Guangxi Guiguan Kaitou Electric Power Co., Ltd. was set up to develop and construct the expansion project of Hetan hydropower station; ③ Guangxi Heshan Power Generation Co., Ltd. was set up with 50% of the shares contributed for the reconstruction and expansion of Heshan Power Plant × 300MW unit project construction; ④ Guangxi Pingban Hydropower Development Co., Ltd. was set up to develop and construct the Pingban Hydropower Station project with 35% of the capital contribution; ⑤ The investment accounted for 30% of the shares and participated in the establishment of Guangxi Baise Yinhai Aluminum Co., Ltd. to develop Guangxi aluminum resources and so on. The investment and construction of the above projects will create good conditions for the development of the company in the 21st century.
Entering the new century, the implementation of the national western development and the strategy of "west to East power transmission" has provided the company with good development opportunities. The company will take development as the theme, adhere to both production and capital management, strive to promote the company's comprehensive strength to a new level, and strive to realize the development strategy of "based on Hongshui River, gradually making the company a leading enterprise in the comprehensive development of Hongshui River Basin through new construction, acquisition, equity participation, holding and other forms".
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