Core Viewpoint - Shanxi Installation (02520.HK) has entered into a cooperation agreement with Shanxi Sanjian and Huaneng Power to establish a joint venture company, Shanxi Jianhua Energy Co., Ltd., aimed at investing in a pumped storage power station project, which is expected to enhance the company's profitability and brand influence in the renewable energy sector [1][2]. Group 1 - The joint venture will have a registered capital of RMB 100 million, with contributions of RMB 65 million from Shanxi Sanjian, RMB 25 million from Huaneng Power, and RMB 10 million from the company, representing 65%, 25%, and 10% ownership respectively [1]. - The joint venture will not be a subsidiary of the company, and its financial performance will not be consolidated into the group's financial statements [1]. - The project is expected to provide long-term stable returns due to the operational longevity of pumped storage power stations, which can last up to 50 years, thus enhancing the company's profitability and risk resilience [1]. Group 2 - The establishment of the joint venture is aimed at expanding the company's operational scope and brand influence by integrating pumped storage power stations into its existing construction business, thereby enhancing its comprehensive management capabilities in complex projects [2]. - The project aligns with national "dual carbon" goals and the development of green energy, allowing the company to seize market opportunities in the renewable energy sector and expand its market share through energy storage services and electricity trading [2]. - This investment positions the company as a participant in national energy strategies, showcasing its technical capabilities and social responsibility, which will further enhance its brand value and solidify its foundation for sustainable development [2].
山西安装(02520.HK)联手山西三建及华能电力设合资公司 注册资本1亿元