Jiangsu New Energy Development Co., Ltd. (China)

Jiangsu New Energy Development Co., Ltd. (stock code: 603693, stock abbreviation: Jiangsu New Energy) is a large-scale investment company controlled by Jiangsu Guoxin Group Co., Ltd., a major investment entity owned by Jiangsu Province. The company specializes in the investment, development, construction, and operation of new energy projects such as wind energy, biomass energy, and solar energy. It is a key player in the national strategic emerging industry. On July 3, 2018, the company's stock was listed on the main board of the Shanghai Stock Exchange. As of the end of December 2021, Jiangsu New Energy had a registered capital of 685.75 million yuan, total assets of 15.804 billion yuan, net assets of 5.662 billion yuan, and achieved operating income of 1.857 billion yuan in 2021, with a net profit attributable to shareholders of the listed company of 307 million yuan. Jiangsu New Energy is one of the early investors in new energy generation projects in China. Currently, the company has a cumulative installed capacity of 1.55 million kilowatts in controlling holdings, with business coverage in wind power generation, biomass power generation, and solar power generation. With nearly 20 years of industry experience, the company has accumulated rich experience and achieved multiple accomplishments and corporate honors. The projects invested by the company have been consistently recognized in the annual national wind power and solar photovoltaic power plant production and operation statistical benchmarking and competition organized by the China Electricity Council, with benchmarking results frequently ranking among the top in Jiangsu Province. Projects such as Huai'an Biomass, Siyang Solar, and Dongling Wind Power have been awarded the "National High-Quality Investment Project Award". Looking back at its origins and looking forward to the future, the company will adhere to a strategic approach based on project development, capital operation as the leverage, and technological innovation as the driving force. It will focus on improving the quality and efficiency of development, expanding the market share of new energy generation through independent development, cooperation, and mergers and acquisitions. The company will also increase investment in innovation, promote research and development projects that align with the company's future development direction, and strive to become a leading listed company in China's new energy field.