Jiangxi Ganneng Co., Ltd. (000899.SZ) Bundle
A Brief History of Jiangxi Ganneng Co., Ltd.
Jiangxi Ganneng Co., Ltd. was established in 2003 and is headquartered in Nanchang, Jiangxi Province, China. The company primarily engages in the generation and sales of electricity. Over the years, Jiangxi Ganneng has made significant advancements in the power sector, particularly in thermal power and renewable energy sources.
By 2022, Jiangxi Ganneng became one of the key players in the Chinese power market, operating multiple power plants across the Jiangxi province. As of September 2023, the company reported total installed capacity of approximately 2,000 MW, contributing to both grid stability and energy supply in the region.
In 2021, Jiangxi Ganneng’s revenue reached CNY 8.1 billion (approximately USD 1.25 billion), reflecting a year-on-year growth of 15%. The company achieved a net profit of CNY 1.2 billion for the same period, up 20% from the previous year.
One notable development in the company’s history is its pivot towards renewable energy. In 2020, Jiangxi Ganneng launched a significant solar energy project, aiming to install solar panels with a combined capacity of 500 MW. This project demonstrated the company's commitment to sustainable energy solutions and marked its entry into the renewable energy market.
| Year | Revenue (CNY) | Net Profit (CNY) | Installed Capacity (MW) | Renewable Energy Investment (CNY) |
|---|---|---|---|---|
| 2019 | 6.3 billion | 1 billion | 1,500 | 300 million |
| 2020 | 7.0 billion | 1.1 billion | 1,800 | 500 million |
| 2021 | 8.1 billion | 1.2 billion | 1,900 | 600 million |
| 2022 | 8.7 billion | 1.5 billion | 2,000 | 800 million |
In addition to its financial growth, Jiangxi Ganneng has also received several accolades for its operational excellence and commitment to environmental sustainability. The company was awarded the title of "Top 100 Power Enterprises in China" in 2022, recognizing its contribution to the energy sector.
As of October 2023, Jiangxi Ganneng continues to expand its operations, focusing on both traditional power generation and innovative renewable projects. The company aims to further increase its renewable capacity to 1,000 MW by the end of 2025, which would represent a significant portion of its overall energy mix.
Jiangxi Ganneng is listed on the Shanghai Stock Exchange and has a market capitalization of approximately CNY 20 billion as of mid-October 2023. The company's stock has shown resilience in the market, reflecting investor confidence and the strategic direction towards sustainable energy solutions.
A Who Owns Jiangxi Ganneng Co., Ltd.
Jiangxi Ganneng Co., Ltd., a significant player in the Chinese energy sector, operates primarily in the generation of electricity. As of the most recent data, ownership of Jiangxi Ganneng is distributed among several institutional and individual investors.
The largest shareholder is Jiangxi Provincial Energy Group Co., Ltd., holding approximately 34.14% of the company’s shares. This state-owned enterprise plays a critical role in the province's energy management and development.
Other notable shareholders include:
- China Huadian Corporation - with a stake of around 10.02%
- Jiangxi Ganneng International Development Co., Ltd. - owning about 6.12%
- Huang Jianjun - a significant individual shareholder with approximately 4.36%
In total, the top five shareholders cumulatively control more than 56% of the company's shares, indicating a concentrated ownership structure.
| Shareholder | Ownership Percentage |
|---|---|
| Jiangxi Provincial Energy Group Co., Ltd. | 34.14% |
| China Huadian Corporation | 10.02% |
| Jiangxi Ganneng International Development Co., Ltd. | 6.12% |
| Huang Jianjun | 4.36% |
| Others | 45.36% |
Moreover, Jiangxi Ganneng's board of directors includes members from these major shareholders, ensuring close ties between ownership and management. As of the latest financial report, the company recorded revenue of ¥5.6 billion for the fiscal year 2022, up from ¥5.1 billion in 2021, indicating a growth rate of approximately 9.8%.
The company’s total assets amounted to around ¥15 billion as of the latest reporting period, reflecting a substantial investment in infrastructure and technology. This financial positioning underscores its capability to sustain operations and pursue expansion opportunities in the energy market.
In summary, Jiangxi Ganneng Co., Ltd. is primarily owned by state-affiliated entities, which significantly influences its strategic direction and operations within China’s energy landscape.
Jiangxi Ganneng Co., Ltd. Mission Statement
Jiangxi Ganneng Co., Ltd. is a prominent player in the energy sector, primarily focusing on the production and supply of electric power. Its mission statement emphasizes commitment to sustainable development, innovative energy solutions, and social responsibility. The company aims to lead the transformation towards renewable energy while ensuring reliable power supply to meet the growing demands of the market.
As of 2022, Jiangxi Ganneng achieved a total operating revenue of approximately RMB 10.5 billion, reflecting a year-over-year growth in revenue of 8.3%. The net profits attributable to shareholders were reported at RMB 1.2 billion, indicating a profit margin of around 11.4%.
| Financial Metric | 2021 | 2022 | Change (%) |
|---|---|---|---|
| Operating Revenue (RMB) | 9.7 billion | 10.5 billion | 8.3% |
| Net Profit (RMB) | 1.1 billion | 1.2 billion | 9.1% |
| Total Assets (RMB) | 25.3 billion | 27.1 billion | 7.1% |
| Return on Equity (%) | 10.5% | 11.2% | 6.7% |
The mission statement underscores the company’s focus on advancing green energy initiatives. Jiangxi Ganneng aims to develop sustainable energy resources, with an emphasis on investment in renewable technologies and minimizing environmental impact. In 2022, the company reported that around 25% of its total energy output derived from renewable sources, with plans to increase this figure to 40% by 2025.
Moreover, Jiangxi Ganneng is committed to enhancing the quality of life for the communities it serves, evident from its investments in social projects amounting to approximately RMB 150 million in 2022, focusing on education, health, and infrastructure development.
In the competitive landscape of the energy sector, Jiangxi Ganneng has strategically positioned itself through technological innovation. The company has invested over RMB 1 billion in R&D in the last fiscal year, aiming to introduce advanced energy efficiency solutions to its operations.
Overall, Jiangxi Ganneng's mission statement reflects a robust commitment to innovation, environmental sustainability, and corporate responsibility, as supported by its financial performance and growth strategies in the energy sector.
How Jiangxi Ganneng Co., Ltd. Works
Jiangxi Ganneng Co., Ltd. is a prominent player in the Chinese energy sector, primarily focusing on the generation and supply of electricity. As of 2023, the company operates a range of power plants, contributing significantly to Jiangxi Province's energy needs.
Business Operations
The company primarily generates electricity through coal and renewable energy sources, contributing to its diversified energy portfolio. Jiangxi Ganneng's total installed capacity is approximately 4,500 MW, with about 3,000 MW coming from coal-fired power generation. The remainder is generated through hydropower and other renewable sources.
Financial Performance
For the fiscal year 2022, Jiangxi Ganneng reported revenue of approximately ¥22 billion, which represented a year-on-year increase of 12%. The net profit for the same period was around ¥1.5 billion, showing a significant growth from ¥1.2 billion in 2021.
| Financial Metric | 2021 (¥ Billion) | 2022 (¥ Billion) | Change (%) |
|---|---|---|---|
| Revenue | 19.64 | 22.00 | 12% |
| Net Profit | 1.20 | 1.50 | 25% |
| Total Assets | 30.00 | 34.00 | 13.33% |
| Debt to Equity Ratio | 1.8 | 1.6 | -11.11% |
Market Position and Competitiveness
Jiangxi Ganneng's market share in the local energy market is estimated to be around 20%. It competes with other regional suppliers, including Huaneng Group and Datang International. The company has focused on reducing operational costs and enhancing efficiency, which has helped it maintain a competitive edge.
Future Growth Prospects
The company is actively investing in renewable energy projects, aiming to increase its renewable energy capacity to 2,000 MW by 2025. This strategic move aligns with China's commitment to achieving a carbon neutrality target by 2060.
Recent Developments
In late 2022, Jiangxi Ganneng signed agreements for the construction of new solar power plants with a total capacity of 500 MW. The expected investment for these projects is around ¥3 billion, which illustrates the company's commitment to sustainable energy.
Operational Efficiency
The operational efficiency of Jiangxi Ganneng is reflected in its capacity utilization rate, which stood at approximately 85% for 2022. The company has implemented advanced technology for monitoring and management, contributing to improved operational metrics.
Regulatory Environment
As a state-owned enterprise, Jiangxi Ganneng operates under the regulations of the National Energy Administration of China. Compliance with environmental standards has become increasingly critical, prompting the company to invest significantly in cleaner technologies and emissions reduction initiatives.
Conclusion
As Jiangxi Ganneng continues to expand its operations and invest in renewable energy, its commitment to sustainability and profitability positions it favorably within the evolving Chinese energy landscape.
How Jiangxi Ganneng Co., Ltd. Makes Money
Jiangxi Ganneng Co., Ltd., a prominent player in the energy sector, primarily generates revenue through various avenues in power production and energy services. The company focuses on clean energy, particularly hydropower, thermal power, and the increasing venture into renewable sources. As of 2022, Jiangxi Ganneng reported a total operating income of approximately RMB 8.5 billion, reflecting a year-over-year increase of 12%.
The company's revenue streams can be categorized into three main segments: power generation, energy sales, and service contracts.
- Power Generation: This is the largest contributor to Jiangxi Ganneng's revenue. The company operates several power plants, including hydropower stations with a combined installed capacity of 3,600 MW. In 2022, power generation alone accounted for nearly 70% of total revenue.
- Energy Sales: Jiangxi Ganneng sells electricity primarily to provincial grids. In 2022, the total energy sales volume reached 15.8 terawatt-hours (TWh), generating approximately RMB 5.6 billion in revenue.
- Service Contracts: The company provides maintenance and operational services to other power plants. This segment brought in around RMB 1 billion in 2022, representing about 12% of total income.
In terms of financial performance, Jiangxi Ganneng has maintained a stable profit margin. The net profit for the fiscal year of 2022 was reported at approximately RMB 1.07 billion, yielding a profit margin of about 12.5%.
| Year | Total Revenue (RMB) | Net Profit (RMB) | Power Generation Volume (TWh) | Installed Capacity (MW) |
|---|---|---|---|---|
| 2020 | RMB 7.5 billion | RMB 900 million | 13.5 | 3,500 |
| 2021 | RMB 7.6 billion | RMB 950 million | 14.2 | 3,600 |
| 2022 | RMB 8.5 billion | RMB 1.07 billion | 15.8 | 3,600 |
In addition to traditional revenue streams, Jiangxi Ganneng is expanding its footprint in green energy projects. The company has committed investments exceeding RMB 2 billion into solar and wind energy, targeting an additional 1,200 MW of renewable energy capacity by 2025.
Moreover, Jiangxi Ganneng's operational efficiency plays a vital role in its profitability. The company's operating expenses, including fuel, maintenance, and administrative costs, were approximately RMB 6.35 billion in 2022, indicating a cost-to-income ratio of around 75%.
The energy market in China is also evolving, with the government promoting more sustainable practices and pushing for a reduction in carbon emissions. Jiangxi Ganneng's focus on hydro and renewable energy positions it favorably to capitalize on these trends, potentially boosting earnings in the upcoming years.
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