Company Name: China HuaNeng Group (CHNG) ( 中国华能集团公司 )
Ownership Type: State-owned
Industry: Energy and Utilities
Rank (ranked by the total sales revenue in 2004): 38
Headquarters' Location (Zip code): No. 40 Xueyuan Nanlu, Haidian District, Beijing , China ( 中国北京市海淀区学院南路 40 号 (100088) )
Legal Representative and President: Li Xiaopeng
Telephone: 86-10-62291888
Fax: 86-10-62291899
Total Revenue (2004): RMB 53.812 billion
Number of Employees (2004):
Net Profit (2004): RMB1.50 billion
Registered Capital: RMB 1.5 billion
Total Asset (2004): RMB156.302 billion
Total Issued Shares: NA
Company website: www.chng.com.cn
Brief History
With the approval by the State Council, China Huaneng Group (CHNG) has been reorganized into a Central-Government-administered state-owned enterprise on the foundation of its predecessor. CHNG is a state-authorized investment entity and a trial enterprise of state-holding corporations.
In accordance with the mandate of the nation's power sector reform instituted by the State Council, CHNG conducts business independently and bears the full responsibility of profits and losses. CHNG is an incorporated business entity primarily focusing on the development of power with a diversified business portfolio.
Major share holders
CHNG is a state-authorized investment entity and a trial enterprise of state-holding corporations.
CHNG'S shareholding subsidiaries are: Huaneng International Power Development Co.(HIPDC); Huaneng Power International, Inc.(HPI); North United Power Co.,Ltd.; Yunnan Huaneng Lancang River Hydropower Co.,Ltd.; Huaneng Sichuan Hydro-power Co.,Ltd; Huaneng Renewable Energy (holding) Co.,Ltd.; Huaneng Energy and Communications (holding) Co.,Ltd.; Huaneng Capital Service Co.,Ltd.; Huaneng Comprehensive Industrial Co.; Xi'an Thermal Power Research Institute Co.,Ltd.
Business overview
The major business of CHNG cover the following areas:
- The management of the state-owned assets (state equity included) of CHNG and its subsidiaries formed by the investment from the state and owned by CHNG in accordance with law.
- The investment, construction, operation and management of power generation assets and the production and sale of power and heat.
- The investment, construction and operation of business in IT, transportation, renewable energy, environment protection, trade and fuel.
- Business associated with foreign trade and international cooperation with government approval.
- The investment and financing in domestic and international markets with government approval.
Top management
Li Xiaopeng: President and Legal person, Senior Engineer. Mr. Li was born in June, 1959 and graduated from North China Electric Power University of China. Mr. Li was appointed Vice President, President and Vice Chairman of Huaneng Power International, Inc., Chairman and President of Huaneng Group, Vice President of State Grid respectively from June 1994. Before joining Huaneng Group, Mr. Li once was appointed Engineer of Electric Power Science Academy.
Huang Yongda: Vice President.
Wang Xiaosong: Vice President.
Ye Daji: Chief Engineer.
Wu Ruosi: Chief Financial Officer. |
