Guangxi Guidong Electric Power Co., Ltd. (600310)
Guangxi Guidong Electric Power Co., Ltd. (Shanghai listed company, securities referred to as "Guidong electric power", securities code "600310") is approved by the people's Government of Guangxi Zhuang Autonomous Region (GZH [1998] No. 114), with Guangxi Zhengrun Development Group Co., Ltd. (formerly "Hezhou electric power company", hereinafter referred to as "Zhengrun group") as the main sponsor, It was established on December 4, 1998 with the investment of operating power supply and power grid assets such as hemanshi power plant and power supply company. On January 12, 2001, the company issued 45 million A-shares to the public for the first time with the approval of No. [2001] 4 document issued by China Securities Regulatory Commission. The company's shares were listed on Shanghai Stock Exchange on February 28, 2001. At present, the total share capital of the company is 1036425602 shares. The controlling shareholder is Zhengrun group, holding 414147990 shares, accounting for 39.96%. The second largest shareholder is Guangxi guangtou Energy Group Co., Ltd., holding 208650602 shares, accounting for 20.13%. The indirect controlling shareholder is Guangxi Investment Group Co., Ltd, The actual controller is the state owned assets supervision and Administration Commission of the people's Government of Guangxi Zhuang Autonomous Region. At present, there are 26 wholly-owned and holding subsidiaries and 12 joint-stock companies in Guidong power. Power generation and supply as the main business, involved in power generation and supply, securities, oil and other industries. As of December 31, 2020, the total assets of Guidong power are 20.191 billion yuan and the net assets are 2.267 billion yuan. In 2020, the operating revenue is 18.754 billion yuan, the net profit attributable to the shareholders of the listed company is 256.3542 million yuan and the earnings per share is 3097 yuan.
When Guidong power was founded, it undertook most of the power supply and all the operating power grid assets of the parent company Zhengrun group. As a local power enterprise, it has the characteristics of "integration of power plant and power grid", integration of power generation and power supply, and complete network coverage. Since its listing, Guidong power has vigorously developed the construction of power sources and power grids. As of December 31, 2020, the total installed capacity of power sources controlled (wholly owned and controlled) by the company is 877600 kW (including 857600 kW of hydropower and 20000 kW of photovoltaic). In March 2021, Guangxi Guixu Energy Development Investment Co., Ltd., a wholly-owned subsidiary of the company, invested and constructed Guangxi Guidong electric power Hezhou coal-fired power generation project. The No.1 350000 kW unit has completed 168 hour trial operation and officially connected to the grid for power generation. The No.2 350000 kW unit is currently under installation and commissioning, and is expected to be connected to the grid for power generation before June 2021. The power supply business scope of the company includes three counties and two districts within the jurisdiction of Hezhou City, an autonomous region level industrial concentration area (two industrial parks) and some areas of Wuzhou City. At present, Guidong power grid is connected with China Southern Power Grid (Guangxi power grid) and central China Power Grid (Hunan power grid) and exchanges electricity with each other. After years of development, Guidong electric power has developed into a local electric power enterprise whose main business is the integration of power generation and power supply, while gradually expanding the business of oil products and new building materials.