On July 16, Huadian New Energy Group Co., Ltd. (Hereinafter referred to as "Huadian New Energy") was officially listed on the Shanghai Stock Exchange, with the stock code 600930 and the issuance price of 3.18 yuan per share. In the market, Huadian Xinneng triggered two temporary stops, with the highest share price at 10.17 yuan per share, up 219.81%, and the total market value once exceeded 450 billion yuan, making it the first listed company with a market value of 100 billion yuan under China Huadian.
As of the close, Huadian Xinneng reported 7.18 yuan/share, up 125.79%, with a total market value of 294.2 billion yuan on that day.
In this IPO, Huadian Xinneng ranked first in a shares this year with 18.1 billion yuan raised.
Data show that Huadian Xinneng, headquartered in Fuzhou, Fujian Province, is a new energy business platform of China Huadian, mainly engaged in wind power generation and solar power generation.
In 2012, Huadian Fuxin (Huadian Fuxin Energy Co., Ltd.), the predecessor of Huadian Xinneng, successfully went to Hong Kong for listing and became a diversified clean energy listed company of China Huadian, but in 2020, due to low valuation and limited refinancing function, Huadian Fuxin took the initiative to complete privatization and return to a shares with a valuation of 19 billion yuan. During this period, 13 strategic investors were introduced, with a financing amount of 15 billion yuan, and said that they would build a new energy carrier with a market value of 100 billion yuan. In March
2022, Huadian Fuxin Development officially changed its name to Huadian Xinneng and submitted its listing application to the Shanghai Stock Exchange.
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