Guokai New Energy

Jinkai New Energy Co., Ltd. (hereinafter referred to as "Jinkai New Energy", stock code: SH600821) is a state-controlled mainboard listed company on the Shanghai Stock Exchange. Its main business focuses on the development, investment, construction, operation and maintenance, and comprehensive energy services of new energy projects both domestically and internationally. The company is a model of "central-local coordination" mixed-ownership reform jointly created by Tianjin State-owned Assets Supervision and Administration Commission and China Development Bank. It has a diversified shareholder structure, with core shareholders including leading central state-owned enterprises such as Genertec. The average age of employees is 34, with 52% holding a master's degree or above. The company has a complete business system, independent market operation capabilities, and a young and efficient professional talent team, forming four core competitive advantages: "Focus", "Integrity", "Efficiency", and "Innovation".

Jinkai New Energy aims to serve major national strategies such as carbon peak and carbon neutrality, rural revitalization, and innovation-driven development. It focuses on laying out its business along the "three curves" centered on "strengthening clean electricity", "developing low-carbon products", and "deploying computing-power synergy". On the basis of clean energy businesses including wind power, photovoltaics, energy storage, pumped storage, clean and efficient thermal power, and hydrogen energy, the company actively creates a "green power +" industry empowerment model, continuously deepening green power synergy cooperation with high-energy-consuming and high-value-added industries such as photovoltaic manufacturing, computing power, metal smelting, and chemicals. It comprehensively plans diversified business models such as high-end equipment intelligent manufacturing, new materials, and carbon-electricity trading. As of the end of December 2024, Jinkai New Energy's total assets amounted to 40.1 billion yuan, with operating revenue of 3.6 billion yuan, a year-on-year increase of 8.55%, and an average ROE of about 10% over the past three years. Through the establishment of a dual-wheel-driven shareholder return model of "dividends + share buybacks", it effectively converts operating results into shareholder value. Currently, Jinkai New Energy's power station assets cover 23 provinces (autonomous regions, municipalities) across the country, with more than 130 power generation projects in operation and under construction, and approved installed capacity exceeding 7,800 megawatts. Its self-built projects have won the "National Excellent Project Award", and it ranks among Bloomberg's global top 100 wind and solar operators, with professional capabilities becoming an industry benchmark.