Guangdong Electric Power Development Co., Ltd.
粤电力A
000539
Shenzhen Stock Exchange
Company Profile
1. The largest listed company of power in Guangdong The Company's main power generation assets are located in Guangdong Province, with a total asset size of more than 175.154 billion，It is the largest listed company with state-owned assets in Guangdong Province. As of December 31, 2024, the Company, as the largest listed power company in Guangdong Province, has a total of 34.837 million kilowatts of market-oriented units in the province, accounting for 15.65% of the total market-oriented units in the province. 2. Strong background and resource advantages Guangdong Energy Group, the controlling shareholder of the company, as a provincial key energy enterprise, has been actively supporting listed companies to become better and stronger by using the advantages of its resources, technology and asset scale. As the only listed company and main force of Guangdong Energy Group, the company has always been subordinated to serving the overall situation of the reform and development of Guangdong Province and Guangdong Energy Group. It has deeply cultivated the main power industry, actively played the value discovery function and resource allocation function of the capital market, and assisted the reform and development of Guangdong province's energy resources. 3. Comprehensive advantages of main business During the 14th Five Year Plan period, guided by the national energy development strategy, the company implemented the specific deployment of the Guangdong Provincial Party Committee's "1310" plan, built a first-class green and low-carbon power listed company, coordinated safety and development, optimized and strengthened coal-fired, gas-fired, and biomass power generation businesses, and vigorously developed new energy. The company has abundant project reserves and broad development prospects; The main business is clear, the structure is reasonable, the industrial position and market share are prominent, and it has strong comprehensive strength and broad development prospects. 4. Competitive advantage in electricity market The company's generator set has high parameters, large capacity, high operation efficiency, low coal consumption, stable operation, superior environmental protection performance and strong market competitive advantage. In 2024, the company completed a total of 112.976 billion kilowatt-hours of electricity in the market, and the scale of electricity sales continued to rank first in the province, with electricity sales prices superior to the province's average. The company gives full play to its three advantages of scale, brand and service. With its marketing service network all over the province and its technical accumulation and comprehensive resources in the power industry, the company provides auxiliary value-added services such as peak regulation, frequency modulation and backup for the power grid, and provides high-quality value-added services such as comprehensive energy saving and power consumption consultation for users, thus realizing the transformation from a power generation enterprise to an energy comprehensive service enterprise. 5. Advantage of financial resources At present, the company's total assets reach 100 billion, and the cash flow of its stock business is abundant, which provides a good support for the company's sustainable development. The company's financial position is good, with good financing channels such as bank credit, bonds and securities markets and rich financing methods. The company will make full use of internal and external financial resources to provide strong financial guarantee for the production and operation of enterprises, the construction of key projects and the rapid development of new energy industry. 6. Regional development advantages As the main energy source in Guangdong province, the company shoulders the important task of helping Guangdong Province to build a clean, low-carbon, safe and efficient modern energy system. The company will actively integrate into the construction of Guangdong-Hong Kong-Macao Greater Bay Area, Shenzhen's advanced demonstration zone and the development of Guangdong's "one core, one belt and one area". It will steadily push forward the construction of key energy projects and the development of new energy resources in the province and actively seek to expand into regions with better resource conditions and higher power demand, helps the "30·60" target to be implemented.
Full description
Guangdong Electric Power Development Co., Ltd. (the “Company”) is a limited liability company jointly established by Guangdong Electric Power Holding Company, China Construction Bank Guangdong Province Trust Investment Company, Guangdong Power Development Co., Ltd, Guangdong International Trust, China Guangfa Bank. The address of the Company’s registered office and head office is F33~F36 South Tower Building of Yudean Square on 2nd Tianhe East Road, Guangzhou City, Guangdong Province, the People’s Republic of China. The Company’s parent company is Guangdong Energy Group Co., Ltd. and its ultimate holding company is the State-owned Assets Supervision and Administration Commission of the People’s Government of Guangdong Province. The Company’s issuing RMB ordinary shares (“A-share”) and domestic listed foreign shares (“B-share”) are listed for transactions in Shenzhen Stock Exchange respectively on 26 November 1993 and 28 June 1995. The total share capital of the Company is RMB 5,250,283,986 with par value of RMB 1 each. The company is mainly engaged in the investment, construction, and operation management of electric power projects and new energy projects, as well as the production and sales of electric power. It belongs to the power, heat production and supply industry classified in the “Guidelines for the Industry Classification of Listed Companies” by the China Securities Regulatory Commission. Since its foundation, the company has always adhered to the business tenet of “Capital from the people, using it for electricity, and benefiting the public” and adheres to the business policy of “Centering on the main business of electricity, with diversified development”, focusing on the main business of power and making the power structure go diversified. In addition to the development, construction and operation of large-scale coal-fired power plants, it also has clean energy projects such as LNG power generation, wind power generation and hydropower generation, which provides reliable and clean energy to users through the grid company. As of the end of 2024, the company has controllable installed capacity of 41.7075 million kilowatts, including holding installed capacity of 39.3057 million kilowatts and equity participation installed capacity of 2.4017 million kilowatts. Including: The holding installed capacity for coal-fired power generation was 19.95 million kilowatts, accounting for 50.76%; the holding installed capacity for gas and electricity of 11.847 million kilowatts, accounting for 30.14%；and renewable energy generation like wind power, hydropower ,Photovoltaic and biomass of 7.5087 million kilowatts, accounting for 19.10%。.In addition, the company is entrusted with managing the installed capacity of 8.954 million kilowatts. The above controllable installed capacity and entrusted management installed capacity totaled 50.3495 million kilowatts. In the future, the Company will focus on energy production and supply, take into account comprehensive energy services, focus on the goals of carbon peaking and carbon neutrality, implement the "1310" deployment of the provincial party committee based in Guangdong and facing the whole country, and build a first-class green low-carbon power listed company, coordinate safety and development, optimize and strengthen coal-fired, gas-fired, and biomass power generation businesses, and vigorously develop new energy. It will grasp the window phase of thermal power development and accelerate the development and construction of key projects; steadily promote the high-quality development of new energy, use the "green content" of energy to promote the "value" of development, increase the proportion of new energy, and accelerate the green and low-carbon transformation.