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The first IPO on the main board this year was officially accepted by the Shenzhen Stock Exchange.

Market IntelFriday, Mar 14, 2025 8:00 pm ET
1min read

Securities Times reporter Wu Shaolong

On March 14, the Shenzhen Stock Exchange's website showed that the IPO application of China Resources New Energy Holdings Co., Ltd. on the main board was accepted by the Shenzhen Stock Exchange. This is the first main board IPO project accepted by the A-share market this year.

As a wholly-owned subsidiary of China Resources Power, China Resources New Energy's business layout covers 30 provinces (autonomous regions, municipalities, and special administrative regions) across the country, covering abundant wind and solar resources and consumption advantages. As of September 2024, the Company's installed capacity of its controlled power generation projects reached 2820.69 MW, including 2156.64 MW of wind power generation projects and 664.05 MW of solar power generation projects. The Company's installed capacity and generation volume of new energy power generation are both at the forefront of the industry.

With the industry's development momentum and the Company's increasing number of new energy power stations, China Resources New Energy's performance also presents a stable and continuous growth trend. Financial data shows that the Company achieved RMB17.134 billion, RMB18.198 billion, RMB20.512 billion, and RMB17.15 billion in revenue in 2021, 2022, 2023, and 2024Q1-Q3, respectively; and achieved RMB6.576 billion, RMB6.458 billion, RMB8.459 billion, and RMB6.349 billion in net profit, respectively. The Company's performance has improved both in quantity and quality.

At present, China is accelerating the construction of a new energy system. The 20th National Congress of the Communist Party of China clearly requires "accelerating the full green transformation of economic and social development", and the 2025 Government Work Report further emphasizes "actively and steadily advancing carbon peaking and carbon neutrality". Market participants believe that the acceptance of China Resources New Energy's IPO application by the Shenzhen Stock Exchange is a specific manifestation of the capital market's strengthening of services for green development and low-carbon transformation.

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Anthony
03/15

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LabDaddy59
03/15
@Anthony I had a chance to invest in renewables a while back, but I hesitated. Now I'm just HODLing blue-chips and hoping for the best.
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CurlyDarkrai
03/15
@Anthony How long have you been working with Mrs. Susan J Demirors? What specific strategies has she taught you?
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stertercsi
03/15
IPO fever in Shenzhen! CRSN's application accepted, but I wonder about future profit margins in this volatile market.
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AIONisMINE
03/15
2820 MW capacity is no joke. CRSN's scale gives it an edge, but market competition is heating up.
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NRG1788
03/15
@AIONisMINE Competition's fierce, but CRSN's solid.
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Working_Initiative_7
03/15
The 20th National Congress talks a big game on green transformation. This IPO feels like a step in that direction.
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fgd12350
03/15
IPO buzz: watch out for new energy plays
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zack1567
03/15
China's green push = 🚀 for renewables sector
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stydolph
03/15
@zack1567 Totally agree, green energy's lit.
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googo69
03/15
@zack1567 What's your target entry point?
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McLovin-06_03_81
03/15
China Resources New Energy IPO? 🚀 Could be a moonshot with the green energy wave. Gotta DYI some research though.
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EmergencyWitness7
03/15
@McLovin-06_03_81 DYOR, for sure.
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CardiologistEasy4031
03/15
Wind and solar game strong in China. CRSN's growth looks solid, but I'd watch regulatory hurdles.
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car12703
03/15
Shenzhen Stock Exchange kicking off 2024 with a bang. Hope this sets the tone for a wild but stable ride.
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priviledgednews
03/15
Market participants hyping this IPO like it's a big deal. Could be a trendsetter for the year. What's your take?
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birdflustocks
03/15
I'm holding a bit of $TSLA and considering adding some China Resources New Energy if the trend holds. Diversify, y'all.
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applesandpearss
03/15
@birdflustocks How long you been holding $TSLA? You think China Resources New Energy's gonna shoot up soon?
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911Sheesh
03/15
Wind and solar in 30 provinces? That's some serious coverage. They're basically a renewable energy powerhouse.
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Aertypro
03/15
China's green push = 💰 opportunities? New energy sector booming, but IPO risks always loom.
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daarkann
03/15
IPO buzz is back! Time to dust off those charts and start screening. Who's ready for some pre-IPO action?
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deevee12
03/15
@daarkann Ready to dive in.
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LoinsSinOfPride
03/15
Carbon peak means power shift, time's changing fast
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Blackhole1123
03/15
@LoinsSinOfPride What's your take on renewables?
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AdvantageNo3180
03/15
@LoinsSinOfPride Agreed, carbon peak's a big deal.
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