CHINT ELECTRICS(SH:601877) Zheng Quan Zhi Xing·2025-08-11 16:17Core Viewpoint - Zhejiang Chint Electrics Co., Ltd. plans to invest 75 million yuan through its subsidiary, Zhejiang Taizhou New Energy Co., Ltd., to establish the Haining Tidal Energy Tongxin Equity Investment Partnership, focusing on distributed photovoltaic infrastructure projects in China [1][3]. Investment Overview - The investment aims to enhance asset turnover efficiency, expand industrial scale, and deepen cooperation with clients [1][3]. - The total fundraising target for the Tidal Energy Tongxin Fund is 500 million yuan, with Taizhou New Energy contributing 75 million yuan, representing 15% of the total [4][8]. Fund Structure and Partners - The fund will be a limited partnership, with the main operating location in Haining, Zhejiang Province [3][4]. - The general partner is Haining Tidal Energy Tongxin Enterprise Management Partnership, while the limited partners include Taizhou New Energy and Haining Economic Development Zone Construction Co., Ltd. [4][5]. Fund Management and Operations - The fund will focus on private equity investments, requiring registration with the China Securities Investment Fund Association before commencing operations [3][5]. - The fund's operational period is set for 30 years, with an investment period of 10 years and an exit period of 5 years [6][7]. Financial Implications - The investment is expected to support the sustainable and stable development of the company's household photovoltaic business, aligning with its strategic goals [13][14]. - The funding source for this investment is self-raised by Taizhou New Energy, which limits the investment risk to the contributed amount [13][14].