Recently, East Group, Huadian New Energy and Shenergy Co., Ltd. have each established new companies to bolster their photovoltaic (PV) power generation, energy storage, and related businesses. The three newly formed companies have a combined registered capital of 360 million yuan. This move underscores the accelerating industry layout led by state-owned assets.
Inject 50 Million Yuan: East Group Establishes Subsidiary to Expand Energy Storage Business
According to Qichacha, Taixing Yidian Energy Storage Technology Co., Ltd. was officially registered and established on November 20, 2025, with a registered capital of 50 million yuan in Taixing City, Taizhou, Jiangsu Province.
The company is wholly owned by East Group Co., Ltd. Its business scope covers multiple fields, including energy storage technology services, power generation and transmission business, installation of power facilities and equipment, and contract energy management.
East Group Co., Ltd. was listed on the Shenzhen Stock Exchange in 2014 and was once controlled by the Global 500 company, Schneider Electric. It later repurchased the shares held by Schneider, achieving independent development. Currently, East Group is a listed enterprise under Hengjian Holdings, a state-owned asset company belonging to Guangdong Province. Its three strategic business segments are UPS power supply, data and computing centers, and "New Energy + Energy Storage."
Inject 10 Million Yuan: Huadian New Energy Establishes New PV & Energy Storage Company
On November 19, Huadian (Zhejiang) Marine Energy Technology Co., Ltd. was established with a registered capital of 10 million yuan.
Qichacha's equity penetration shows that the new company is wholly owned by the state-owned enterprise Huadian New Energy and is located in Shangcheng District, Hangzhou, Zhejiang. Its business scope includes technical services for wind power generation; technical services for solar power generation; research and development of emerging energy technologies; and energy storage technology services.
Inject 300 Million Yuan: Guizhou Ruixin New Energy Established
Guizhou Ruixin New Energy Co., Ltd. was established on November 18, 2025, with a registered capital of 300 million yuan. The new company's business scope covers power supply business, power generation/transmission/distribution, energy storage technology services, and wind power generation technology services.
The company was jointly established by Shanghai Shenergy New Energy Investment Co., Ltd. and Guizhou Ruihuan Energy Technology Co., Ltd. Shanghai Shenergy New Energy Investment Co., Ltd. holds a 90% stake, while Guizhou Ruihuan Energy Technology Co., Ltd. holds 10%. Shanghai Shenergy New Energy Investment Co., Ltd. is a wholly-owned subsidiary of the listed company Shenergy Co., Ltd., and is a state-owned enterprise.
Source：EnergyTrend