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Introduction

Shenzhen Energy Group Co., Ltd., the former Shenzhen Energy Investment Co., Ltd. was established formally through fund raising on June 27, 1993, upon the approval of Shenzhen City Peoples Government Office SFBF [1993] No.355 Document on Jan. 16, 1993, and with Shenzhen Energy Group Company as the initiator, in Sep. 1993 the stock of the company was formally listed in Shenzhen Stock Exchange, stock abbreviation is Shenzhen Energy, the stock code: 000027, the company is the first large shareholding enterprise in the national electric powers to be listed in Shenzhen as well as the first public service stock company to be listed in Shenzhen. 

The controlling shareholder, Shenzhen Energy Group Company was established in June 1991, it is a state run power company under Shenzhen city which grows with the rapid development of Shenzhen economy. On Dec. 20, 2007, Shenzhen Energy Investment Co., Ltd. through non-public stock issuance purchased the stock equity and assets of Shenzhen Energy Group Company, realized the entire listing of Shenzhen Energy Group Company, carried out a pioneering operation in the entire listing of domestic power companies. On April 7 2008, Shenzhen Energy Investment Co., Ltd. changed it name as the Shenzhen Energy Group Co., Ltd.

 

The present general share capital of the company is 2,202,495,332 shares, in which Shenzhen Energy Group Company holds floating stock with limited sale condition 1,403,870,352 shares, accounts for 63.74 of the general capital, Huaneng Power International, Inc. holds floating stock with limited sale condition 200,000,000 shares, accounts for 9.08 of the general capital, the floating stocks without limited sale condition are 598,651,434 shares, accounts for 27.18% of the general capital. As a blue chip, Shenzhen Energy is elected as Shenzhen element share index sample.

 

The business scope of the company includes the development, production, purchase and marketing of various conventional energies and new energies; investment and operation of development and transportation of energy related raw material, and ports, dock and storage industry etc; investment and operation of land industry, real estate industry and leasing industry etc that coordinated with energy; investment and operation of high-tech industries that can improve the efficiency of energy utilization; operation, import and export of the set equipment, supporting equipment, machine tools and vehicles that are needed in the energy projects of the company; the design, construction, management and operation of various energy projects and staff training, consultation and other related service businesses related to energy projects; development, transfer and service of environmental protection technology; property management, leasing of proprietary property; and other businesses that can improve the economic benefits of the society.

 

Until the end of the year 2007, the total assets of Shenzhen Energy Group Co., Ltd. was 24.5 billion yuan, the holding installed capacity reached 4.652 million kilowatt, the power plants where the company holds the majority of shares mainly distributes in Shenzhen and its surroundings, which mainly are Shenzhen Mawan General Power Plant (1.84 million kilowatt), Shenzhen East Power Plant (1.17 million kilowatt), Dongguan Shajiao B Power Plant (700,000 kilowatt), Shenzhen Yueliangwan Power Plant (180,000 kilowatt), Dongguan Zhangyang Power Plant (360,000 kilowatt), Huizhou Fengda Power Plant (360,000 kilowatt), Guangdong Heyuan Power Plant (1.2 million kilowatt, under construction), Ghana Combustion Engine Power Plant (200,000 kilowatt, under construction). The company administers near twenty enterprises, a strategic pattern is preliminarily formed with power as main parts and comprehensive development of related industries.

 

Shenzhen Energy Group has continuously been awarded the honorable titles of the "Outstanding enterprise", "Advanced party committee" and "Law-abiding large taxpayer" by Guangdong Province and Shenzhen City many years; it is appraised by Guangdong provincial committee and provincial government as the provincial advanced grass-roots party organization, provincial ideological and political work advanced unit and provincial civilized unit; the results of management has been awarded first prize of the outstanding achievements of national modern enterprise management; in the in-depth reforms, the advanced experiences to strengthen and improve the Party construction work is printed and issued by CPC Central Committee Organization Ministry as Organization Ministry Notice [2001] No. 25 for National Party organizations at all levels. The group presently ranks the first among the overall strength of Shenzhen municipal state-owned enterprises, it has been listed for 6 consecutive years as top 500 among national industrial enterprises, and become the leading enterprise of the industry in Guangdong province.