Hundreds of billions of new energy, the richest man in Ningxia will go public again in two years.

DataBM.

If successfully launched, It will also mean that the coal chemical giant Baofeng Group and its founder, Dang Yanbao, the richest man in Ningxia, will receive another IPO.

Coal chemical giant's new energy transformation, hundreds of billions of yuan

in the media's public information, Baofeng Group is a large-scale comprehensive group founded in October 2010, which integrates energy and chemical industry, new energy, medical care and pension, wolfberry agriculture, charity and other core industries, ranking among the top 500 private enterprises in China.

In the huge territory of Baofeng Group, Baofeng Energy , a listed company , is undoubtedly the brightest pearl. The latter, founded in 2005, is the largest private, high-end coal-based new materials and chemicals manufacturing leader in China. In 2019, the company was listed on the main board of the Shanghai Stock Exchange with the halo of "the largest IPO scale of A-share private enterprises", and 90% of the IPO shares were bought by retail investors, which shows the popularity of the company at that time.

that the cross-border hydrogen energy of Baofeng Group at that time was mainly based on the development strategy of replacing fossil energy with new energy." The implementation of TML0 UNK1 1 produces green electric energy through solar energy, then uses green electric energy as power, produces "green hydrogen" and "green oxygen" by electrolyzing water, replaces coal with "green hydrogen" as raw material, replaces coal with "green oxygen" as fuel, and directly supplies hundreds of high-end chemical products such as polyethylene and polypropylene to the chemical system. Reduce the consumption of coal resources and carbon dioxide emissions, and embark on the road of "carbon neutrality". 0 HTML 0 UNK1 2 When the project was put into production, Baofeng Energy, which is responsible for the project, also said that the next step would be to put out more funds to improve the conversion rate through scientific and technological innovation, reduce production costs, and open up a technically and economically feasible scientific path to achieve carbon neutrality. 0 HTML0 https://img7.ccement.com/richtext/img/mxc2lz6u1aj1704417463824.0HTML0UNK142021 3 "completely blank" enterprise , whether in the media reports or in the websites such as Love Enterprise Check and Enterprise Check, there is no sign of Jiuquan Baofeng New Energy Technology Co., Ltd. Baofeng intends to push a newly established "shell" enterprise to the capital market? Ccement. Com/richtext/IMG/1hrta2lkyc11704417482824.

Digital New Energy DataBM.

Ningxia Baofeng Xinneng Jiuquan Baofeng Xinneng?

First of all, the establishment time, the Jiuquan Baofeng Xinneng counseling record report shows that Jiuquan Baofeng was established on February 24, 2016, and the only enterprise under Baofeng Group that meets this time and can be found through open channels is Ningxia Baofeng Xinneng.

The second is the registered capital. In March 2022, the registered capital of Ningxia Baofeng Xinneng was increased from 1.94 billion yuan to 5.688 billion yuan, which is consistent with the registered capital on the Jiuquan Baofeng Xinneng Guidance Record. Changes in

Registered Capital of

Ningxia Baofeng Xinneng Https://img7.ccement.com/richtext/img/1kjprdu994u1704417506704.

For enterprises with excess capacity, the only way out is transformation and upgrading, said Dang Yanbao, founder of Baofeng Group. Now it seems that whether it is hydrogen energy, energy storage or photovoltaic, Baofeng Group has always been on the road of continuous transformation.

In the future, whether the company can rebuild a "Baofeng Energy" in the field of new energy remains to be seen.

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