- Business
- Nanjing Public Utilities Development Co., Ltd. (000421.SZ) engages primarily in urban gas supply, real estate development, and passenger transportation services in China. The company supplies natural gas through pipelines; develops and sells residential and commercial real estate properties; operates taxis, buses, and long-distance passenger transport; provides tourism services through its 5A-rated travel agency; offers financial credit, micro-loans, and housing rental; conducts electric power operations; and delivers advertising, media, car sales, repairs, and inspection services. Founded in 1979 and headquartered at 18th Floor, Building A4, Science and Technology Innovation Complex, Xincheng Science and Technology Park, No. 8 Bailongjiang East Street, Jianye District, Nanjing, Jiangsu Province, it conducts operations mainly in Jiangsu and surrounding regions, positioning it as one of the largest passenger transport companies in the province. In December 2024, the company agreed to acquire a 68% stake in Hangzhou Yugu Technology Co., Ltd., a battery-swapping technology firm, for strategic expansion into new energy sectors, though it cancelled the transaction in September 2025; additionally, it acquired 49% equity in Nanjing Nengwang from Wiscom System (002090.SZ) to achieve 100% ownership, enhancing its energy portfolio.