China'S Hydropower Projects Raise Billions During The Year

An EIA publicity revealed the total amount of financing proposed by China's hydropower construction Limited by Share Ltd's IPO.

As China's largest water conservancy and hydropower construction enterprise, China hydropower will complete its A share listing process this year, and the total amount of proposed fund-raising will not exceed 10 billion yuan.

Following the Agricultural Bank of China, the A stock market's super market share is still rushing ahead.

EIA report pulls out large cap stocks

The publicity materials of China's Ministry of environmental protection show that the proportion of the public offering of hydropower in China is tentatively set at 25%~35%, and 1 billion 650 million shares to 2 billion 310 million shares will be issued on the basis of its total share capital of 6 billion 600 million shares.

The newly established joint stock company in November 30, 2009 plans to complete the issue and listing of A shares this year, and the proceeds will be invested in 8 projects, such as BOT, Kampuchea Gansu hydropower station, and the total investment will be 1 billion 650 million yuan.

In addition to the 8 billion 840 million yuan for the purchase of the construction equipment rental project, the supplementary fund will be added to 1 billion 600 million yuan, and the total fund will not exceed 10 billion yuan.

Water conservancy central enterprises total assets nearly 100 billion

Public information shows that China's hydropower is initiated by two companies of China Hydropower Group and reclaimed water holding group. It is a joint stock company established by the central management of China Water Conservancy and hydropower construction group.

Among them, China Hydropower Group is invested in the main business assets of engineering construction business, electric power investment business, real estate development business, machinery manufacturing business and other business operations, accounting for 99% of the total share capital of the joint stock company, and the controlling shareholder of the joint stock company. The reclaimed water group is invested by the current capital, accounting for 1% of the total share capital of the joint stock company. It is the only large enterprise providing comprehensive technical services for water conservancy and water conservancy construction in China, and has undertaken the preliminary planning, surveying and designing work of 80% of the large and medium-sized hydropower projects in China.

By the end of 2009, the total assets of Limited by Share Ltd in China's water conservancy and hydropower construction reached 95 billion 556 million yuan, with 18 wholly-owned subsidiaries, 9 holding companies and 1 participating companies in various regions of China.

In 2008, China's hydropower main business revenue was about 59 billion 800 million yuan, net profit of about 1 billion 268 million yuan; in 2009, China Hydropower Group achieved operating income of 77 billion 861 million yuan.

From the industry position, China Hydropower ranked thirty-first in the world's largest 225 international engineering contractors in 2009, ranked eighty-ninth in the "top 500 Chinese enterprises", and ranked fourth in China's foreign contracted project enterprises.

It is a concern that the company's official website shows that in addition to water conservancy and hydropower projects, the company's real estate investment projects under construction 7, the planning area of nearly 1 million 600 thousand square meters, the total investment of more than 80 billion yuan.

So far, IPO has been approved by the SFC and there are 58 companies that have not yet been issued.

A total of 3 billion 480 million shares will be issued to raise 24 billion 474 million yuan.

Among them, there are 4 main board companies, but the scale of fund-raising is not large.