Who Is The NO.1 Among 6 Major Power Groups

On November 4, China Huadian signed a memorandum of strategic cooperation with the Shanghai Stock Exchange. In the talks between the "top leaders" of the two units, the company Huadian Group is planning to go public -- Huadian New Energy was mentioned. Jiang Yi, chairman of China Huadian, said that in recent years, with the strong support of the Shanghai Stock Exchange, China Huadian has achieved positive results in promoting the listing declaration of Huadian New Energy.

As the main force of new energy development under Huadian Group, Huadian New Energy has gone through several rounds of asset injection. Currently, its holding capacity has exceeded 27 million kW, and its net profit in 2021 has exceeded 7.8 billion yuan.

In the future, after the company is listed again, it will become another big new energy listed company in China, with the scale directly forcing the world's largest wind power operator -- Longyuan Power.

Under the background of the "dual carbon" goal, the five major power generation groups have started the competition of the new energy track. How profitable is the new energy industry? Polaris power network statistics of the five major listed new energy companies under the power generation, compared with the thermal power in the past two years, the performance of new energy enterprises can be said to be bright.

Huadian New Energy and Huaneng New Energy are important forces for the development of new energy industry under Huadian Group and Huaneng Group. Especially Huadian New Energy, after several rounds of asset integration, installed capacity and net profit have soared, and re-listing is also in progress. So the data of these two companies were also included.

Longyuan Power - under the State Energy Group

Longyuan Power, listed on the main board of Hong Kong in 2009, is known as "China's first new energy shares", and in 2022, it listed A shares. Since 2015, it has maintained its position as the world's largest wind power operator.

By the end of 2021, Longyuan Power Holdings had installed 26.69 million kW, including 23.66 million kW of wind power.

In 2021, Longyuan Power achieved an operating revenue of 37.208 billion yuan.

In 2021, Longyuan Power achieved a net profit of 6.404 billion yuan.

Huadian New Energy -- under the Huadian Group

Huadian New Energy is the only platform for the final integration of Huadian Group's wind and solar power generation new energy business.

After the delisting of Huadian Fuxin in 2020, Huadian New Energy integration platform began to restructure the new energy assets within Huadian Group. Huadian Group and Huadian International have successively injected more than 20 million kW of new energy assets into Huadian New Energy.

In July, Huadian New Energy disclosed its initial public offering prospectus (filing), indicating that the company's re-listing is progressing steadily.

As of March 31, 2022, Huadian New Energy Holding capacity of 27.24 million kW, including wind power 20.58 million kW and photovoltaic 6.65 million kW.

In 2021, Huadian New will achieve an operating revenue of more than 20 billion yuan.

In 2021, the net profit of Huadian Xineng exceeded 7.8 billion yuan.

Huaneng New Energy -- belongs to Huaneng Group

Huaneng New Energy also chose to delist in 2020. After several years of development, the performance of Huaneng New Energy has increased greatly. At present, Huaneng New Energy has not yet been listed on the news.

By the end of December 2020, Huaneng's installed capacity of new energy was 14.63 million kW. (Data for 2021 is not yet available)

In 2021, Huaneng New Energy achieved operating revenue of 15.899 billion yuan.

In 2021, Huaneng New Energy achieved a net profit of 5.938 billion yuan.

Datang New Energy - belongs to Datang Group

By the end of 2021, Datang New Energy Holdings installed 13.07 million kW, including 11.99 million kW of wind power.

In 2021, Datang New Energy achieved operating revenue of 11.625 billion yuan.

In 2021, Datang New Energy achieved a total profit of 2.462 billion yuan.

Jidian Corporation - under the State power Investment

Under the State Power Investment Corporation, Jidian Power Co., Ltd. has made great efforts to transform to new energy, and the installed capacity of new energy has accounted for more than 50%. Therefore, the data are also put up for comparison.

Compared with several other new energy enterprises, the company has part of thermal power installed, dragging down the performance. However, under the strategic holding of State Power Investment, the major shareholder, GDC has begun to lay out the hydrogen energy industry in recent years and has established a number of hydrogen-related companies.

On November 5, CAI Yanfu, chairman of JIDIan Corporation, said at the press conference that it would build the whole industrial chain of hydrogen energy, speed up the construction of "two bases and one corridor", namely the "green hydrogen" large-scale supply base of 10 million kilowatts in western Jilin, Changchun hydrogen Equipment R&D and manufacturing application base and Baicheng - Changchun - Hunchun hydrogen energy corridor, and lead the construction of hydrogen valley in northern China by demonstration.

It remains to be seen whether the advanced deployment of hydrogen energy will contribute more profits in the future.

By the end of 2021, the installed capacity under management of GBD was 10.44557 million kW, among which the installed capacity of new energy was 7.1457 million kW, accounting for 68.41% of the total.

In 2021, the company achieved an operating income of 13.177 billion yuan.

In 2021, the company achieved a net profit of 450 million yuan.

Three Gorges Energy -- part of the Three Gorges Corporation

Three Gorges Energy is a listed company mainly engaged in wind power and photovoltaic, which ranks top in terms of installed capacity and performance. Therefore, the data are also listed here for comparison.

If Longyuan Power is an "old" new energy listed company, Three Gorges Energy can be said to be a rising star. As the strategic implementation subject of the new energy business of Three Gorges Corporation, Three Gorges Energy was listed on the A-share market on June 10, 2021. On its first day of trading, the market value of Three Gorges Energy exceeded 100 billion yuan.

By the end of 2021, the Three Gorges' grid-connected energy capacity had reached 22.89 million kW, including 14.26 million kW of wind power and 8.41 million kW of photovoltaic power.

In 2021, Three Gorges Energy Source achieved operating revenue of 15.484 billion yuan.

In 2021, Three Gorges Energy achieved a net profit of 5.642 billion yuan. Overall, Longyuan Power, Huadian New Energy, Huaneng New Energy, Three Gorges Energy, these new energy companies ranked top in terms of installed capacity and performance.

The net profit of 2021: Huadian New Energy (over 7.8 billion yuan)> Longyuan Power (6.404 billion yuan)> Huaneng New Energy (5.938 billion yuan)> Three Gorges Energy (5.642 billion yuan).

In terms of installed capacity, the 2021 data of Huaneng New Energy is not disclosed. Huadian New Energy (27.24 million kW as of March 2022), Longyuan Power (26.69 million kW at end-2021), Three Gorges Energy (22.89 million kW at end-2021).