Recently, Xinte Energy announced that on September 26, 2025, Xinjiang New Energy entered into an equity transfer agreement with the company’s controlling shareholder, TBEA Co., Ltd. Under the agreement, TBEA will transfer 100% equity interest in Xuyi Gaochuan to Xinjiang New Energy for a consideration of RMB 136.8 million.
As of the announcement date, Xinjiang New Energy is a non-wholly owned subsidiary of the company, in which the company holds a 91.26% equity interest. Xinjiang New Energy is primarily engaged in the development, construction, and operation of wind and solar resources, as well as the R&D, manufacturing, and sales of products such as inverters, flexible DC converter valves, and static var compensators. Xuyi Gaochuan is mainly engaged in wind power generation, wind power equipment, and the sales of electrical and control equipment.
In 2023, due to land-use issues associated with the Xuyi project operated by the target company, the project was temporarily carved out and transferred to TBEA in order to facilitate the company’s A-share listing. As of the announcement date, these land-use issues have been fully rectified.
The target company’s core business falls within the company’s new energy power plant operation segment. Upon completion of the acquisition, Xuyi Gaochuan’s financial results will be consolidated into the group’s financial statements, further expanding the group’s new energy power plant operations and enhancing its overall competitiveness and profitability.
Source：https://mp.weixin.qq.com/s/5-ndZ8eTDpD8l1f9CJlflA
