Shaanxi Meineng Clean Energy Corp., Ltd. Class A
SSZSE:0012999.31
CNY
-0.56
(-5.67%)
ISIN
CNE100005M00
Return %
Stock
S&P 500
1Y
-4.48
13.14
3Y
1.05
80.78
5Y
- -
67.74
Capital Structure
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in mil. unless spec.Working Capital
CNY
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in mil. unless spec.Growth Rates
CNY
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in mil. unless spec.Quarterly Revenue
CNY
•
in mil. unless spec.Quarterly Earnings Per Share
CNY
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in mil. unless spec.Quarterly Dividends Per Share
CNY
•
in mil. unless spec.Company Description
- CEO
- Li Feng Yang
- Full Time Employees
- 428
- Sector
- Utilities
- Industry
- Gas distributors
- Address
- Xi'an China
- IPO Date
- Oct 31, 2022
- Website
- meinenggas.com
- Similar Companies
- Business
- Shaanxi Meineng Clean Energy Corp., Ltd. is a China-based clean energy public utility company primarily engaged in the transmission, distribution, and retail supply of natural gas, as well as the provision of gas pipeline network engineering and integrated energy services. Founded in 2008 and headquartered in Xi'an, Shaanxi Province, the company operates principally within Shaanxi Province under long-term exclusive municipal piped gas concession agreements across core regional markets, including Hancheng City, Shenmu City, and the Fengxiang District of Baoji City. Shaanxi Meineng Clean Energy Corp., Ltd. operates through three main business segments: Natural Gas Sales, Gas Pipeline Installation and Engineering Services, and Integrated Energy and Value-Added Services. The company's core products and services include the retail distribution of piped natural gas to residential households, commercial establishments, and industrial enterprises; the operation of compressed natural gas (CNG) and liquefied natural gas (LNG) vehicle refueling stations; the wholesale distribution and logistics of CNG and LNG; the engineering design, pipeline construction, and network connection of municipal, commercial, and residential gas delivery infrastructures; the installation, calibration, and maintenance of smart gas metering devices, pressure regulating equipment, and customer-side pipelines; distributed energy and clean district heating solutions; contract energy management and energy efficiency services; commercial and industrial user-side battery energy storage systems; and the sale and maintenance of domestic gas appliances, smart valves, gas safety alarms, and related piping equipment. The company operates through key regional subsidiaries, including Hancheng Meineng Natural Gas Co., Ltd., Shenmu Meineng Natural Gas Co., Ltd., Baoji Meineng Natural Gas Co., Ltd., and Shanghai Meineng Licheng Integrated Energy Service Co., Ltd. In recent developments, Shaanxi Meineng Clean Energy Corp., Ltd. has advanced its strategic transformation from a traditional urban gas utility into a diversified clean and integrated energy service provider. The company completed the strategic equity acquisition of Shanghai Meineng Licheng Integrated Energy Service Co., Ltd. to expand its footprint in commercial and industrial energy management and multi-energy integration services. Concurrently, the company reallocated capital from its initial public offering proceeds to fund commercial and industrial user-side energy storage installations and accelerated the deployment of its smart gas digital infrastructure platforms. In addition, the company expanded its strategic investment portfolio by participating as a limited partner in specialized clean energy and technology venture capital funds, such as Guangzhou Qingyi Venture Capital Partnership, and streamlined its corporate governance structure and risk management frameworks to support sustainable multi-regional expansion.