Sichuan Chuantou Energy Co,. Ltd ( hereafter Chuantou Energy, stock code: 600674) was listed in the Shanghai Stock Exchange in 1993. The company was controlled by Sichuan Provincial Investment Group (SCIG) , founded in 1988, which is a management entity of state-owned assets, a financing and investment entity for major construction projects authorized by the Sichuan Provincial Government, and a wholly state-owned company under the Sichuan Provincial State-owned Assets Supervision and Administration Commission.
Under the support of the CPC Sichuan Provincial Committee, the Sichuan Provincial Government and the Sichuan Provincial State-owned Assets Supervision and Administration Commission, the instruction of the security regulators, and the leadership of SCIG as well as the company’s board of directors, Chuantou Energy has developed its main business on hydropower and clean energy development and the subsidiary business on railway information industry. Through a series of asset reorganization and solid operation, it has become a top-performing listed company with high reputation.
By the end of 2017, Chuantou Energy had a total asset of 29 billion yuan (US$4.29 billion) and net asset of 22.5 billion yuan; Its total generation capacity was 28.30 million kW, including 9.04 million kW on equity; it had 4.402 billion shares; its market value was 44.8 billion yuan, ranking 192th among 3,484 A-share listed companies, and 5th among all 117 A-share listed companies based in Sichuan.
Chuantou Energy shoulders the responsibility of operating quality assets inside SCIG. It has invested 12 companies, including 5 wholly-controlled or with a controlling share, namely Tianwanhe Company, Chuantou Power, Tianpeng Power, Jiayang Power and Jiaoda Guangmang. It owns share in seven companies, including Yalongjiang Company, Guodian Daduhe Company, Guodian Dagangshan Company, YOFC Sichuan and Chuantou Power Sales.
Chuantou Energy is committed to the development principle of “innovation, coordination, green, openness and sharing.” With a goal of maximizing the benefits of shareholders, it has been contributing to SCIG’s “3233” core development strategy, rewarding the shareholders, and benefiting Sichuan province and the whole society.