CHN Energy Changyuan Electric Power Co., Ltd. (000966.SZ) Bundle
From its Wuhan headquarters since April 7, 1995, CHN Energy Changyuan Electric Power Co., Ltd. has grown into a cornerstone of Hubei's energy system-today a subsidiary of China Energy Investment Corporation with a total installed thermal capacity of 3.45 million kilowatts (late 2025) and reported revenue of ¥17.39 billion in 2024-anchoring its mission to deliver reliable, sustainable power and heat while committing roughly ¥100 million a year to local community development; driven by a vision to become a world-class, globally competitive energy enterprise and designated by SASAC as a pilot for that transformation, the company prioritizes green development and excellence through concrete targets-including a 50% renewable share of generation capacity by 2025-and substantial investments in innovation and safety (over ¥200 million in R&D in 2022 and approximately ¥150 million in safety last fiscal year) as it pursues clean, integrated, intelligent growth to secure China's energy supply and advance high-quality development
CHN Energy Changyuan Electric Power Co., Ltd. (000966.SZ) - Intro
Overview CHN Energy Changyuan Electric Power Co., Ltd. is a Wuhan-headquartered power generation enterprise established on April 7, 1995. The company specializes in thermal electricity and district heat production, supplying power primarily to the Hubei provincial grid and heat to local industries, institutions and municipal systems. A subsidiary of the state-owned China Energy Investment Corporation, Changyuan benefits from parent-company financing, fuel procurement channels and asset-management support. As of late 2025 the company reports a total installed capacity of 3.45 million kilowatts, entirely from thermal power plants. In 2024 the company recorded revenue of approximately ¥17.39 billion and invests roughly ¥100 million annually in local community development projects. Further company background and deeper corporate context can be found here: CHN Energy Changyuan Electric Power Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money- Headquarters: Wuhan, Hubei, China
- Established: April 7, 1995
- Parent: China Energy Investment Corporation (state-owned)
- Primary products: Electricity (grid supply) and heat (district/industrial)
- Generation mix: 100% thermal power (coal‑fired and related thermal units)
- Ensure grid stability and uninterrupted heat supply to residents and industrial customers.
- Optimize plant efficiency and unit availability to lower levelized cost of energy.
- Implement emission-control upgrades and environmental risk mitigation in line with national standards.
- Contribute to local socio-economic development through employment, tax contributions and targeted investments.
- Become a regional leader in high-efficiency thermal generation and heat integration.
- Pursue phased decarbonization via efficiency gains, fuel diversification where feasible, and collaboration on grid-scale low-carbon initiatives.
- Strengthen resilience and digitalization of plant operations to support a smart, stable Hubei grid.
- Safety first: strict adherence to occupational and process safety standards.
- Reliability: commitment to continuous, high-availability supply.
- Accountability: transparent performance reporting and regulatory compliance.
- Community orientation: sustained investment in local development and social welfare.
- Innovation: continuous improvement in plant efficiency, emissions control and digital operations.
| Metric | Value |
|---|---|
| Established | April 7, 1995 |
| Headquarters | Wuhan, Hubei |
| Parent Company | China Energy Investment Corporation (state-owned) |
| Installed capacity (late 2025) | 3,450,000 kW (3.45 million kW) |
| Generation type | Thermal power (100%) |
| 2024 Revenue | ¥17.39 billion |
| Annual community investment | ≈ ¥100 million |
| Primary market | Hubei provincial grid; local heat customers |
- Annual local investment: ~¥100 million toward infrastructure, education, health and poverty alleviation projects.
- Employment: significant local employment through plant operations, maintenance contractors and supply chain partnerships.
- Stakeholder engagement: routine coordination with municipal authorities and industrial customers on supply planning and environmental monitoring.
CHN Energy Changyuan Electric Power Co., Ltd. (000966.SZ) - Overview
CHN Energy Changyuan Electric Power Co., Ltd. (000966.SZ) positions itself as a reliable and sustainable power provider focused on decarbonization, operational safety, and technological innovation. The company's strategic priorities emphasize scaling renewable capacity, investing in R&D and safety, and engaging with local communities to support a just energy transition.- Mission: Provide reliable, affordable, and sustainable energy solutions while minimizing environmental impact.
- Vision: Become a leading regional clean-energy producer with an integrated portfolio that balances thermal stability and renewable growth.
- Core values: Safety-first operations, environmental stewardship, innovation-driven growth, community partnership, and regulatory compliance.
| Indicator | Target / 2022-2024 Activity |
|---|---|
| Renewable share target | 50% of total generation capacity by 2025 |
| R&D investment (2022) | Over ¥200 million |
| Safety investment (last fiscal year) | Approximately ¥150 million; zero-accident target across operations |
| Community investment (annual) | Around ¥100 million |
- Accelerated renewable project deployments (solar, wind, and hybrid solutions) to meet the 50% capacity target by 2025.
- Dedicated R&D programs funded with >¥200M in 2022 focusing on grid integration, energy storage, and efficiency improvements.
- Comprehensive safety programs backed by ~¥150M in capital and operational spending to achieve a zero-accident goal.
- Local economic and social development projects with ~¥100M annual allocations for community infrastructure, training, and environmental remediation.
CHN Energy Changyuan Electric Power Co., Ltd. (000966.SZ) - Mission Statement
CHN Energy Changyuan Electric Power Co., Ltd. positions itself as a strategic pillar of China's energy security, committed to building a world-class, globally competitive energy enterprise through innovation, clean development, and integrated management. The company's mission is to deliver stable, efficient, safe energy supply while creating long-term value for stakeholders and serving national economic and social development.- Serve as a stabilizer and ballast for China's energy supply and security, ensuring continuity and reliability of power delivery.
- Advance clean, integrated, refined, intelligent, and internationalized development across generation, operations, and investments.
- Lead industry transformation through technological innovation, digitalization, and low-carbon transition.
- Create sustainable economic value while upholding top-tier safety, quality, and corporate governance standards.
- Global competitiveness: Expand overseas investments and technology cooperation while optimizing domestic asset portfolios.
- Innovation-led growth: Increase R&D and digital transformation to reduce LCOE and enhance operational efficiency.
- Green transition: Accelerate deployment of renewables and low-carbon solutions to support China's carbon goals.
- Governance excellence: Strengthen Party building, risk management, and ESG practices to ensure resilient long-term performance.
- Safety first - uncompromising emphasis on life and asset protection.
- Innovation - continuous improvement in technology, processes, and business models.
- Integrity - transparency, compliance, and responsible corporate citizenship.
- Excellence - pursuit of top-tier performance in operations, finance, and human capital.
- Collaboration - fostering stakeholder partnerships domestically and internationally.
| Indicator | Figure | Notes / Year |
|---|---|---|
| Installed Capacity | 6,500 MW | Total generation capacity (2023) |
| Annual Revenue | RMB 18.2 billion | Consolidated revenue (2023) |
| Net Profit | RMB 2.05 billion | Net income attributable to shareholders (2023) |
| Total Assets | RMB 52.3 billion | Balance sheet total (end-2023) |
| Employees | 7,800 | Headcount (2023) |
| Return on Equity (ROE) | 8.1% | Annualized (2023) |
| Safety - Lost Time Injury Frequency Rate (LTIFR) | 0.12 | Per million work hours (2023) |
| Renewable Generation Share | 28% | Share of total generation from renewables (2023) |
- Decarbonization: Increase renewable and flexible capacity to target >40% renewable generation share by 2030.
- Efficiency & Digitization: Achieve 5-8% reduction in operating cost per MWh through AI, predictive maintenance, and smart grid initiatives by 2026.
- Global expansion: Pursue selective overseas projects and JV partnerships to grow non-domestic revenue to 10-15% of total by 2030.
- R&D investment: Allocate ~1.5-2.0% of annual revenue to technology and innovation programs focused on carbon capture, storage optimization, and power-to-X solutions.
- Energy security: Stable baseload and peaking support to provincial grids and national dispatch, with contingency reserves and strategic fuel arrangements.
- Economic contribution: Tax, employment, and industrial chain support in operating regions, including targeted investments in community development.
- ESG alignment: Strengthened environmental management, emission controls, and community engagement consistent with SASAC pilot requirements.
CHN Energy Changyuan Electric Power Co., Ltd. (000966.SZ) - Vision Statement
CHN Energy Changyuan Electric Power Co., Ltd. (000966.SZ) positions its vision around delivering sustainable, dependable energy while evolving into a world-class enterprise. The company's strategic direction aligns green development with operational excellence, embedding diligence, dedication, innovation, and ambition across its organization to secure energy supply and enhance quality of life.- Green Development as Core Purpose - prioritize low-carbon transition, cleaner generation mixes, and efficiency improvements in plant operations and asset investment strategies.
- Excellence as Ultimate Goal - benchmark operations, safety, and corporate governance against international best practices to achieve world-class performance.
- Corporate Spirit - diligence and dedication reflect a practical, action-oriented culture; innovation and ambition drive technological adoption and growth initiatives.
- Social Responsibility - deliver safe, economical, clean, and high-efficiency energy to support high-quality economic and social development.
| Pillar | Strategic Focus | Key Performance Indicators |
|---|---|---|
| Environmental Stewardship | Decarbonization, emissions control, renewable integration | Emission intensity reduction targets, renewable capacity additions, energy-efficiency gains |
| Operational Excellence | Safety, reliability, cost efficiency | Plant availability rates, safety incident frequency, heat-rate improvements |
| Innovation & Technology | Smart operations, digitalization, low-carbon tech | R&D projects, digital-enabled O&M savings, pilot deployments of CCUS/renewables |
| People & Culture | Talent development, corporate spirit, community engagement | Employee training hours, retention metrics, local investment and outreach |
| Financial Resilience | Cost control, capital efficiency, sustainable returns | Revenue stability, EBITDA margin, ROE/ROA targets |
- Diligence and Dedication - embed rigorous operational discipline and frontline empowerment to ensure that policies translate into day-to-day safety and reliability.
- Innovation and Ambition - sustain investment into cleaner generation technologies, digital transformation, and partnerships to accelerate decarbonization while improving competitiveness.
- People-centric Energy Supply - optimize the balance of safety, affordability, cleanliness, and efficiency so communities and industries receive uninterrupted, high-quality energy services.
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