- Business
- Delong Composite Energy Group Co., Ltd. (000593.SZ) engages primarily in the supply and distribution of clean energy, including urban pipeline natural gas for residents, commercial users, and industrial customers; liquefied natural gas (LNG) and compressed natural gas (CNG) production, transportation, distribution, and sales; investment, construction, and operation of distributed energy projects, vehicle refueling stations, and comprehensive energy utilization initiatives; as well as gas pipeline network development and management; engineering management services; property leasing and management; hotel operations; and energy-saving services for energy projects. Founded in 1987 and headquartered at No. 55 Jianshe Road, Chengdu, Sichuan Province, China, the company listed on the Shenzhen Stock Exchange in 1996 and operates principally in Sichuan and Jiangxi provinces. Formerly known as Sichuan Datong Gas Development Co., Ltd., it changed its name to Delong Composite Energy Group Co., Ltd. in February 2022; recent developments include Yan Yan's completion of a 4.49% stake acquisition from Tianjin Datong Investment Group Co., Ltd. for CNY 92.3 million in July 2025, a share repurchase of approximately 0.90% of its shares totaling CNY 17 million completed by February 2025, and its controlling shareholder Beijing Dingxin Ruitong Technology Development Co., Ltd. entering a non-binding share transfer intent agreement in October 2025 for a 29.64% stake sale to Dongyang Nuoxin Chip Materials Enterprise Management Partnership (Limited Partnership) valued at CNY 1.0 billion, potentially leading to a change in control.