Hubei Energy Group

Hubei Energy Group was formed by the merger of the former Hubei Qingjiang Hydropower Investment Company and Hubei Electric Power Development Company in February 2005. It is a wholly state-owned enterprise. In 2007, the company achieved diversified equity ownership through the introduction of a strategic investment from China Yangtze Power. In 2008, the company underwent a shareholding reform and was restructured into a joint-stock limited company. In 2010, the company completed its overall listing (stock code: 000883). At the end of 2015, through a non-public issuance of shares, China Three Gorges Corporation became the company’s de facto controlling shareholder. As a result, Hubei Energy, previously a provincial state-owned enterprise under the supervision and management of the Hubei Provincial State-owned Assets Supervision and Administration Commission, was transformed into a second-tier subsidiary controlled by China Three Gorges Corporation.

As the energy security guarantee platform of Hubei Province and the comprehensive energy development platform of the group company, the company has formed a "6 1" business segment of hydropower, thermal power, nuclear power, new energy, natural gas, coal and finance, and has initially built two major hydropower and eastern Hubei thermal power The power energy base, and actively build a coal and natural gas supply guarantee network, is the most comprehensive listed company in my country's energy business. At present, the company has more than 4400 employees, 14 functional departments (including international business department), and 19 wholly-owned and holding subsidiaries.

By the end of 2023, the company's total assets were 91.304 billion yuan, net assets were 38.534 billion yuan, and the asset-liability ratio was 57.8. The company has been put into operation with a controllable installed capacity of 15.3373 million kilowatts, which is the largest power energy enterprise in Hubei Province.