- CEO
- Zhigang Liu
- Full Time Employees
- 196
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- Guangda Development Building, No. 142 Changsha HU China 410015
- IPO Date
- May 22, 1997
- Business
- Hunan Energy Group Development Co., Ltd., formerly Hunan Development Group Co., Ltd. (ticker: 000722.SZ), engages principally in clean energy development through the investment, construction, operation, and management of hydropower generation projects; natural resource extraction and sales including river sand, river pebbles, and gravel; community-based elderly care services such as government-purchased home care and smart elderly care platforms; medical and health operations focused on rehabilitation hospitals and medical care centers; and ancillary activities encompassing equity investments, mergers and acquisitions, hotel operations, property management, land and mineral resource development, infrastructure construction, water affairs management, and leasing of owned properties. The company operates primarily in China, with a focus on Hunan Province, through wholly-owned and holding subsidiaries including hydropower stations boasting a combined installed capacity of 230,000 kilowatts. Founded in 1993 and headquartered at the Everbright Development Building in Changsha, Hunan Province, it is controlled by Hunan Energy Group Co., Ltd., under the Hunan Provincial State-owned Assets Supervision and Administration Commission. In 2025, the company changed its name to Hunan Energy Group Development Co., Ltd. to align with its strategic emphasis on energy assets; signed a letter of intent in April to acquire a 95% stake in Hunan New Shaoxiaoxi Hydropower Development Co., Ltd.; and pursued major restructuring by planning to buy majority stakes in four additional hydropower entities—Tongwan (Copper Bay) Hydropower (90%), Qingshuitang Hydropower (90%), Xiaoxi Hydropower (95%), and Gaotan Hydropower (85%)—from its controlling shareholder via share issuance and cash payments totaling around CNY 1.5 billion, alongside complementary fundraising of up to CNY 800 million. These moves support its pivot to consolidate provincial energy assets, resolve industry competition, and enhance hydropower capacity following prior divestitures of non-core healthcare assets and a 2023 acquisition increasing its stake in Mangdian Company to over 96%.