Chuanrun invested 100 million yuan to set up a subsidiary company to expand equipment manufacturing business such as wind and solar hydrogen storage.

On April 29, Chuanrun announced that the company intends to set up a wholly-owned subsidiary, Chuanrun New Energy Intelligent Equipment Co., Ltd., in Jiangsu Province with its own funds or self-financing funds (tentative name, subject to the approval and registration documents of industry and commerce).

The announcement shows that the registered capital of Chuanrun New Energy Intelligent Equipment Co., Ltd. is 100 million yuan, which is 100% owned by Chuanrun. Its main business scope includes: wind power related equipment manufacturing and sales; wind power technology services; wind power equipment maintenance services; energy storage related equipment manufacturing and sales, energy storage technology services; energy storage equipment maintenance services; Manufacturing of photovoltaic power generation equipment; manufacturing of hydrogen energy equipment; manufacturing of solar thermal utilization products; development and operation of wind power and photovoltaic new energy; development of energy system; investment, development and operation management of energy projects; investment, construction and operation of new energy, distributed energy and energy storage projects; development services of pure water cooling technology; Pure water cooling device manufacturing; Pure water cooling device sales; Building air-conditioning equipment, ventilation equipment system installation services; Electrical equipment installation services.

Chuanrun said that the investment in the establishment of a wholly-owned subsidiary is in line with the development trend of new energy under the dual-carbon strategy, based on the company's own business development needs, to expand wind power, photovoltaic, photothermal, energy storage, hydrogen energy and other equipment manufacturing and new energy business, improve the company's R & D and intelligent manufacturing capabilities, and strengthen the coordinated development of strategic customers. It is beneficial for the company to better carry out business activities, enhance the company's comprehensive strength and overall operational efficiency, enhance the company's ability to resist risks, and further enhance the company's competitiveness, which is in line with the company's overall development strategy.

It is understood that Chuanrun was founded in 1992 and listed on Shenzhen Stock Exchange A-share in 2008. The company focuses on four major businesses: hydraulic lubrication fluid control, clean energy equipment, fluid industry technology services and digital supply chain intelligent manufacturing services. Products and services are widely used in new energy, clean power, energy storage, construction machinery, petrochemical, metallurgical smelting, building materials and other industries.