Shandong Hi-Speed New Energy Group Limited
HHKEX:12500.88
HKD
-0.01
(-1.68%)
ISIN
KYG1146W1134
CUSIP
G1146W113
Return %
Stock
S&P 500
1Y
-48.24
14.20
3Y
-67.53
81.12
5Y
-82.91
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
CNY
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
CNY
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in mil. unless spec.Company Description
- CEO
- Tan Zaixing
- Full Time Employees
- 1,810
- Sector
- Utilities
- Industry
- Alternative power generation
- Address
- The Center Hong Kong Hong Kong
- IPO Date
- Jul 5, 2013
- Website
- shneg.com.hk
- Similar Companies
- Business
- Shandong Hi-Speed New Energy Group Limited engages in the investment, development, construction, operation, and management of clean energy projects in China, focusing primarily on photovoltaic power, wind power, and clean heat supply services. The company develops and constructs distributed photovoltaic power stations; provides engineering, procurement, construction, and technical consultancy services for photovoltaic and wind power projects; and delivers clean heat supply through various sources including natural gas, electricity, geothermal energy, biomass energy, photovoltaic power, industrial waste heat energy, clean coal-fired, and river water source energy. The company also operates wind power plants and clean energy infrastructure and is involved in property investment and trading of photovoltaic power-related equipment. Its operations span more than 20 provinces in China and extend to developing overseas wind, photovoltaic, and new energy base projects. Founded in 2016 and headquartered in Hong Kong, the company was formerly known as Beijing Enterprises Clean Energy Group Limited and renamed Shandong Hi-Speed New Energy Group Limited in July 2022. Recent major developments include the completion of a 13.52% stake acquisition by Shandong Hi-Speed Holdings Group Limited in late 2024, increasing its ownership to 56.97% and triggering a mandatory unconditional cash offer for all remaining shares, reflecting a strategic consolidation within the Shandong Hi-Speed Group ecosystem. In 2025, the company secured a significant Engineering, Procurement, and Construction (EPC) contract for new projects in collaboration with subsidiaries of Shandong Hi-Speed Holdings and other engineering firms. It also completed 12 rush-to-grid projects with over 50 MW of on-grid capacity and installed its first 6.25 MW wind turbine in the Heze Project, signaling progress toward full-capacity grid connection. The group maintains close alignment with China's 14th Five-Year Plan targets aimed at peak carbon emissions by 2030 and carbon neutrality by 2060, expanding its footprint in the clean energy market nationwide. Operational improvements include record-high national renewable energy subsidies of approximately RMB3.1 billion and advancements in distributed photovoltaics, energy storage, charging infrastructure, and integrated cooling, heating, and power supply systems. In addition to its core energy generation businesses, Shandong Hi-Speed New Energy Group advances integrated new energy operations and maintenance outsourcing, cooperating with large state-owned energy enterprises to expand light-asset operations and maintenance services. The company is positioned as a flagship new energy enterprise under Shandong Hi-Speed Group, leveraging new energy as a green engine for integrated infrastructure and energy network development while broadening revenue streams and strengthening long-term competitive positioning within China's expanding clean energy sector. Its portfolio and business strategy reflect a comprehensive approach to clean energy investment, construction, operation, and consultancy services, supporting China's transition to sustainable energy sources.