The first IPO on the main board this year was officially accepted by the Shenzhen Stock Exchange.

Securities Times reporter Wu Shaolong

On March 14, the Shenzhen Stock Exchange's website showed that the IPO application of China Resources New Energy Holdings Co., Ltd. on the main board was accepted by the Shenzhen Stock Exchange. This is the first main board IPO project accepted by the A-share market this year.

As a wholly-owned subsidiary of China Resources Power, China Resources New Energy's business layout covers 30 provinces (autonomous regions, municipalities, and special administrative regions) across the country, covering abundant wind and solar resources and consumption advantages. As of September 2024, the Company's installed capacity of its controlled power generation projects reached 2820.69 MW, including 2156.64 MW of wind power generation projects and 664.05 MW of solar power generation projects. The Company's installed capacity and generation volume of new energy power generation are both at the forefront of the industry.

With the industry's development momentum and the Company's increasing number of new energy power stations, China Resources New Energy's performance also presents a stable and continuous growth trend. Financial data shows that the Company achieved RMB17.134 billion, RMB18.198 billion, RMB20.512 billion, and RMB17.15 billion in revenue in 2021, 2022, 2023, and 2024Q1-Q3, respectively; and achieved RMB6.576 billion, RMB6.458 billion, RMB8.459 billion, and RMB6.349 billion in net profit, respectively. The Company's performance has improved both in quantity and quality.

At present, China is accelerating the construction of a new energy system. The 20th National Congress of the Communist Party of China clearly requires "accelerating the full green transformation of economic and social development", and the 2025 Government Work Report further emphasizes "actively and steadily advancing carbon peaking and carbon neutrality". Market participants believe that the acceptance of China Resources New Energy's IPO application by the Shenzhen Stock Exchange is a specific manifestation of the capital market's strengthening of services for green development and low-carbon transformation.