“共同成长”破局民企融资

Core Insights - Wanhao Energy has transformed from a traditional energy-saving and environmental protection company to a key player in the field of natural gas liquefaction, showcasing the potential of private enterprises in technological innovation and green development [1][2] - The "Common Growth Plan" initiated by the People's Bank of China in Anhui Province has been crucial in providing financial support for innovative companies like Wanhao Energy, facilitating their transformation and growth [1][3] Group 1: Company Transformation - In 2013, Wanhao Energy faced skepticism during its transition from an energy-saving company to one focused on utilizing waste gas from oil and gas fields, which was traditionally seen as a domain for state-owned enterprises [2] - The company endured six years without revenue, relying on profits from traditional business to fund research and development, ultimately leading to the production of its first intelligent natural gas liquefaction equipment in 2019 [2][3] - This equipment has significantly contributed to reducing carbon emissions, with one project in Sichuan recovering approximately 200 million cubic meters of natural gas annually and cutting carbon emissions by 240,000 tons [2] Group 2: Financial Innovation - Wanhao Energy's second transformation into the bioenergy sector required substantial funding, which was made possible by the proactive support from banks, particularly the Industrial and Commercial Bank of China (ICBC) [3][4] - The "Common Growth Plan" allows for long-term, high-amount loans without traditional collateral requirements, enabling companies to secure financing based on their growth potential [3][6] - By September 2025, the plan had supported over 15,000 enterprises with loans exceeding 210 billion yuan, demonstrating its effectiveness in fostering innovation [3][6] Group 3: Policy and Ecosystem Development - The "Common Growth Plan" has evolved to address the challenges faced by technology-driven enterprises, providing a framework for dynamic risk and benefit balance between banks and companies [6][11] - The introduction of the 2.0 version of the plan includes a "stock option income swap," allowing banks to share in the growth of enterprises without holding equity, thus enhancing financial support for companies like Wanhao Energy [8][10] - Wanhao Energy's projects, such as the biogas liquefaction and carbon capture facility, exemplify the successful integration of financial support and technological innovation, contributing to a circular economy [11][12]