Company Overview - Huadian New Energy (600930.SH) officially listed on the Shanghai Stock Exchange on July 16, with an initial price of 3.18 CNY per share, reaching over 10 CNY at one point, marking an increase of nearly 220% from the issue price, and a market capitalization exceeding 400 billion CNY [3][4] - The company raised 18.1 billion CNY in its IPO, ranking first in fundraising for A-shares this year and being the largest fundraising new stock in the past two years [4] - Huadian New Energy focuses on the development, investment, and operation of renewable energy projects, primarily wind and solar power, and is the only integrated platform for wind and solar energy under China Huadian, one of China's five major power generation groups [4] Business Layout - The company covers nearly all types of renewable energy projects, including centralized, large-scale, offshore wind, distributed wind, distributed solar, and complementary projects [5] - In 2024, the revenue from wind power is projected to be 22.741 billion CNY, accounting for 66.95% of total revenue, while solar power revenue is expected to be 10.939 billion CNY, making up 32.20% [5] - The total installed capacity of the company has steadily increased, reaching 68.6171 million kW by mid-2023, with a market share of 6.15% in wind power and 4.13% in solar power [5] Industry Context - The wind power installed capacity in China has grown from 73.52 GW in 2013 to 520.68 GW in 2024, with a compound annual growth rate (CAGR) of 19.48% [6] - The solar photovoltaic installed capacity has also seen significant growth, increasing from 15.89 GW in 2013 to 886.66 GW in 2024, maintaining the world's leading position with a CAGR of 44.4% [6] - In Q1 2025, the company reported a revenue of 9.628 billion CNY, a year-on-year increase of 16.19%, and a net profit attributable to shareholders of 2.922 billion CNY, up 5.89% from the previous year [6]
超4000亿！今年A股最大IPO来了！CFO是博士，年薪75万