CLP Electric (603988.SH) plans to invest in the establishment of CLP Energy (Inner Mongolia) Co., Ltd.

Zhitong Finance App News, China Electric (603988.SH) issued an announcement. According to the company's business characteristics and shareholder situation, and in line with the “15th Five-Year Plan” development layout plans of the country and relevant regions, the company plans to establish a wholly-owned subsidiary, CLP Energy (Inner Mongolia) Co., Ltd. (tentative) in Inner Mongolia, with a registered capital of 60 million yuan. The core system is to seize development opportunities in the wind, photovoltaic energy storage and metal mineral resources industry, and rely on the company's motor manufacturing industry base to broaden the application scenarios of motors, achieve upstream and downstream business expansion and strategic upgrading, and build the development of the entire industry chain The layout enhances core competitiveness and sustainable profitability.

The first purpose of this move is to closely follow the “dual carbon” policy orientation, seize the rapid growth dividends of the new energy industry and the scarce opportunities of metal and mineral resource strategies, fill the company's existing business gaps, enrich the business structure, and open up growth space; at the same time, to further explore the synergy value between the motor manufacturing business and the new business. The company's motor products can not only be used as key supporting equipment for the construction of the new energy industry chain, but can also be widely used in the core links of metal mineral resource exploration, mining, and mineral processing. Relying on existing technology research and development and supply chain management capabilities, this natural fit point can be used to better collaborate and link old and new businesses. Give full play to the advantages of the original business to form a development trend of “complementing old and new businesses and linking upstream and downstream”. From a long-term perspective, it can not only promote a steady increase in the company's revenue scale and profitability, meet long-term strategic plans, but also continuously increase shareholder returns.