On December 21, Zhangzhou Development announced that in May 2023, (Hereinafter referred to as Zhangfa New Energy), a wholly-owned subsidiary of the company, jointly invested with Three Gorges on Yangtze River Group Fujian Energy Investment Co., Ltd. and Dongshan Economic and Technological Development Zone Lingang Photovoltaic Industry Co., Ltd. The registered capital is 9.95 million yuan.
Zhangfa New Energy Source increased its capital by 56.03 million yuan with its own capital based on 20% share ratio. After the completion of the capital increase, the registered capital of the Three Gorges Dongshan increased to 290 million yuan. The capital increase does not need to be submitted to the board of directors for consideration, nor does it constitute a related party transaction or a major asset reorganization. The main business of
Three Gorges Dongshan Energy Investment Co., Ltd. includes: solar power generation technology services, energy storage technology services, power generation technology services, etc. Previously, Three Gorges Dongshan is the project company of Dongshan Xingchen 180 MW offshore photovoltaic power station of Three Gorges Group, which is responsible for the development, construction, operation and management of the project. The project covers an area of 3300 mu and has been included in the list of pilot projects of centralized photovoltaic power station in Fujian Province in 2022.
As of September 30, 2023, the total assets of Three Gorges Dongshan were 9.952 million yuan, the total liabilities were 0.2 million yuan, and the net assets were 9.95 million yuan. The project has not yet been completed and there is no profit.
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