- Business
- Shunfa Hengneng Corporation (000631.SZ), formerly Shunfa Hengye Corporation until its name change in July 2024, operates as a clean energy comprehensive investment operator and a listed subsidiary of Wanxiang Group, headquartered in Hangzhou, Zhejiang Province, China, with founding roots tracing to 1995. The company pursues an "integrated, two-wing" development strategy centered on energy technology, complemented by investments in clean energy generation, zero-carbon assets, and related technologies; its core businesses encompass natural gas power generation, wind power electricity generation, photovoltaic projects, energy storage solutions, comprehensive energy services, real estate development and sales (primarily residential projects), property management, and canteen catering services, with operations focused in China's Yangtze River Delta region including Zhejiang, Jiangsu, and Anhui provinces. Shunfa Hengneng maintains a portfolio of active projects such as the 50MW/100MWh grid-side energy storage initiative by Shunfa Yuanchu (Tonglu) Co., Ltd., the 11MW agrivoltaic complementary project in Taiyuan Village, and expansions into the Greater Bay Area; it recently completed the acquisition of a 51% stake in Zhejiang Puxing Deneng Natural Gas Power Co., Ltd. from Puxing Neng (HK) Limited in May 2025, bolstering its natural gas power capabilities. The firm employs approximately 566 people, serves municipal and industrial customers in clean energy and real estate sectors, and continues to advance digital transformation for zero-carbon city solutions while generating revenue streams from electricity sales, energy-saving services, and property-related activities.