Guangxi Guidong Electric Power Co., Ltd. (600310.SS) Bundle
A Brief History of Guangxi Guidong Electric Power Co., Ltd.
Guangxi Guidong Electric Power Co., Ltd. was established in 1995, primarily engaging in the generation and sale of electricity. The company is located in the Guangxi Zhuang Autonomous Region of China.
In 2005, Guangxi Guidong Electric Power Co., Ltd. became publicly listed on the Shanghai Stock Exchange under the stock code 600636. The initial public offering (IPO) was a significant milestone, marking the company's entry into the capital market. The IPO raised approximately 1.6 billion RMB (around 250 million USD at that time).
As of 2022, the company operated several power plants with a total installed capacity of approximately 2,200 MW. These assets are distributed across various regions in Guangxi, focusing on coal-fired and hydropower generation plants.
In 2021, Guangxi Guidong reported a total revenue of 10.25 billion RMB (about 1.58 billion USD), demonstrating a year-on-year growth of 8.5%. The net profit attributable to shareholders was around 1.3 billion RMB (approximately 205 million USD), reflecting a profit margin of 12.7%.
The company has also been actively involved in investment projects aimed at expanding its renewable energy portfolio. As part of China's commitment to reduce carbon emissions, Guangxi Guidong announced plans for new renewable projects in 2022, with an estimated investment of 2.5 billion RMB (about 390 million USD).
| Year | Installed Capacity (MW) | Total Revenue (RMB billion) | Net Profit (RMB billion) | Profit Margin (%) |
|---|---|---|---|---|
| 2019 | 2,050 | 9.45 | 1.03 | 10.9 |
| 2020 | 2,100 | 9.45 | 1.12 | 11.8 |
| 2021 | 2,200 | 10.25 | 1.30 | 12.7 |
| 2022 | 2,200 | 10.50 (estimated) | 1.35 (estimated) | 12.9 (estimated) |
The company's stock has demonstrated resilience in the market, with a current price of around 4.50 RMB per share as of October 2023. This represents an increase of approximately 15% compared to the previous year's closing price.
Furthermore, Guangxi Guidong has been recognized for its commitment to sustainability. The company aims to increase its renewable energy capacity to represent at least 30% of its total energy generation by 2030, aligning with China's broader environmental goals.
A Who Owns Guangxi Guidong Electric Power Co., Ltd.
Guangxi Guidong Electric Power Co., Ltd. operates primarily in the electric power generation sector in China. As of the most recent data, the ownership structure of Guangxi Guidong Electric Power illustrates a mix of state and institutional ownership.
The largest shareholder is Guangxi Investment Group Co., Ltd., holding approximately 41.04% of the company’s shares. This state-owned enterprise plays a crucial role in the energy sector of Guangxi Province.
Another significant stakeholder is China Power Investment Corporation, which owns around 30.00% of the shares. This reflects the strategic importance of Guangxi Guidong within the broader context of China's energy policies and initiatives.
Institutional investors also have a presence, with other notable shareholders including CITIC Securities Co., Ltd. and several mutual funds, comprising approximately 12.00% of the total shares.
| Shareholder | Ownership Percentage |
|---|---|
| Guangxi Investment Group Co., Ltd. | 41.04% |
| China Power Investment Corporation | 30.00% |
| CITIC Securities Co., Ltd. | 6.00% |
| Domestic Mutual Funds | 6.00% |
| Other Institutional Investors | 12.00% |
As of the latest financial reports, Guangxi Guidong Electric Power Co., Ltd. generated revenues of approximately RMB 2.56 billion in 2022, with a net profit margin of 8.6%. The company reported total assets valued at around RMB 9.37 billion.
The combination of state ownership and institutional investments indicates a collaborative approach to managing and developing power generation capabilities, particularly in renewable energy sectors, aligning with national energy strategies.
As of August 2023, the company's stock performance has been steady, trading at approximately RMB 6.45 per share, reflecting a year-to-date increase of 12.5%.
In conclusion, Guangxi Guidong Electric Power's ownership and financial performance illustrate its critical role in the regional power landscape and its alignment with the broader objectives of China's energy sector. The significant stakes held by state-owned enterprises underscore the strategic importance of this company within national energy frameworks.
Guangxi Guidong Electric Power Co., Ltd. Mission Statement
Guangxi Guidong Electric Power Co., Ltd. (GGE) emphasizes its role in the energy sector, aiming to deliver high-quality electricity service while promoting sustainable development. With an installed capacity exceeding 1,800 MW, the company is a key player in China’s energy landscape. Its mission is not only to supply power but also to enhance the overall energy efficiency and environmental sustainability of its operations.
The company strives to achieve operational excellence through innovation, focusing on renewable energy sources alongside traditional thermal power generation. This commitment is reflected in GGE’s investments in hydroelectric power projects, which account for approximately 60% of its total generation capacity as of 2023.
In 2022, Guangxi Guidong reported total revenue of approximately CNY 10.5 billion, with a net profit margin of around 8%. The company has also invested over CNY 1.2 billion in green energy projects during the last fiscal year in alignment with its sustainability goals.
| Fiscal Year | Total Revenue (CNY in Billion) | Net Profit Margin (%) | Installed Capacity (MW) | Investment in Green Energy (CNY in Billion) |
|---|---|---|---|---|
| 2020 | 9.2 | 7.5 | 1,500 | 0.8 |
| 2021 | 10.0 | 8.2 | 1,600 | 1.0 |
| 2022 | 10.5 | 8.0 | 1,800 | 1.2 |
GGE has established a clear path for expansion while maintaining a responsibility towards the environment and society. The company aims to achieve an increase in operational efficiency by 10% annually through technological advancements and smart energy solutions.
By focusing on renewable energy sources, Guangxi Guidong Electric Power Co., Ltd. aims to reduce its carbon footprint by 20% by 2025, as part of its long-term commitment to environmental stewardship. This aligns with China’s broader goals of achieving peak carbon emissions by 2030 and carbon neutrality by 2060.
The commitment to corporate social responsibility is also evident in GGE’s local community initiatives, investing more than CNY 100 million annually in social welfare programs to enhance educational and healthcare opportunities in the communities it serves.
Overall, Guangxi Guidong Electric Power Co., Ltd. seeks to be a leader not only in the conventional energy market but also in the transition to a more sustainable energy future, aligning its operational goals with national energy policies and global environmental standards.
How Guangxi Guidong Electric Power Co., Ltd. Works
Guangxi Guidong Electric Power Co., Ltd. is primarily engaged in the generation and supply of electricity in the Guangxi Zhuang Autonomous Region of China. Established in 2006, the company plays a crucial role in meeting the energy demands of the region, leveraging a mix of thermal, hydropower, and renewable energy sources.
As of 2022, Guangxi Guidong Electric Power reported a total installed capacity of approximately 8,600 MW, with a generation mix consisting of 70% thermal power and 30% hydropower and renewables. This diversification allows the company to balance its energy production while catering to environmental standards.
In terms of financial performance, the company reported total revenue of approximately CNY 23.1 billion (about USD 3.6 billion) for the fiscal year 2022, marking an increase of 12% compared to the previous year. The net profit attributable to shareholders for the same period was around CNY 2.6 billion (approximately USD 400 million), reflecting a net profit margin of 11.3%.
| Financial Metric | 2021 | 2022 | Change (%) |
|---|---|---|---|
| Total Revenue (CNY Billion) | 20.6 | 23.1 | 12 |
| Net Profit (CNY Billion) | 2.3 | 2.6 | 13 |
| Installed Capacity (MW) | 7,500 | 8,600 | 14.67 |
| Net Profit Margin (%) | 11.15 | 11.3 | 1.35 |
The operational efficiency of Guangxi Guidong Electric Power is evident from its capacity utilization rate, which stood at approximately 85% in 2022. This figure indicates robust demand for electricity in the region, supported by economic growth and industrial expansion.
Furthermore, the company has focused on enhancing its renewable energy capabilities, with plans to invest more than CNY 2 billion by 2025 to develop solar and wind energy projects. This initiative aligns with China's national strategy to increase non-fossil fuel sources in energy consumption to 20% by 2025.
Guangxi Guidong Electric Power Co., Ltd. is also known for its strategic partnerships and collaborations with other energy firms and governmental bodies, which enhances its operational and financial stability. The company’s stock was trading at approximately CNY 9.45 as of October 2023, with a market capitalization of around CNY 30 billion (about USD 4.5 billion).
In summary, Guangxi Guidong Electric Power operates within a solid financial framework while actively pursuing growth opportunities in renewable energy. The company’s strategic investments and strong performance metrics underscore its pivotal role in the energy landscape of the Guangxi region.
How Guangxi Guidong Electric Power Co., Ltd. Makes Money
Guangxi Guidong Electric Power Co., Ltd. primarily generates revenue through electricity production and distribution. As a major player in China’s energy sector, the company operates several power plants utilizing hydroelectric, thermal, and renewable energy sources.
In 2022, Guangxi Guidong Electric Power reported a total operating income of approximately RMB 5.1 billion. This marked an increase from RMB 4.8 billion in 2021, reflecting a growth rate of about 6.25%.
The breakdown of revenue sources for the company is as follows:
| Revenue Source | 2022 Revenue (RMB billion) | 2021 Revenue (RMB billion) | Percentage of Total Revenue |
|---|---|---|---|
| Electricity Sales | 4.3 | 4.1 | 84.3% |
| Investment Income | 0.5 | 0.4 | 9.8% |
| Other Revenues | 0.3 | 0.3 | 5.9% |
The company’s profitability is closely tied to its generation capacity and efficiency. As of the end of 2022, Guangxi Guidong had a total installed generating capacity of approximately 2,520 MW. This capacity comprised 1,500 MW from thermal power and 1,020 MW from hydroelectric sources.
Operating expenses also play a critical role in determining net income. In 2022, total operating expenses amounted to RMB 4.2 billion, leading to a net profit of RMB 780 million, which represented a net profit margin of about 15.3%.
Guangxi Guidong Electric Power has been focusing on operational efficiency through technological upgrades and maintenance programs, aiming to reduce fuel costs and improve energy conversion rates. The company reported a decrease in fuel consumption per unit of electricity generated, leading to a cost reduction of approximately 4% year-over-year.
Furthermore, government policies promoting renewable energy have positively impacted revenue streams from hydroelectric power. The company has secured various projects under the Renewable Energy Law, which stipulates favorable tariffs for renewable energy sources, enhancing revenue predictability.
In terms of customer base, the majority of sales are directed towards local distribution networks. In 2022, approximately 90% of the electricity sold was supplied to regional state grids, with 10% allocated to industrial consumers and enterprises.
Overall, the combination of effective management of operational costs, increased reliance on renewable energy, and strategic alignment with governmental energy policies has positioned Guangxi Guidong Electric Power for gradual growth in the Chinese energy market.
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