XT Energy Group, Inc.
XTEG
Other OTC0.00
USD
- -
- -
CIK
0001472468
ISIN
US98421D1063
CUSIP
98421D106
Return %
Stock
S&P500
1Y
- -
19.99
3Y
- -
69.40
5Y
- -
72.03
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Deng Hua Zhou
- Full Time Employees
- 418
- Sector
- Industrials
- Industry
- Electrical Equipment & Parts
- Address
- No.1, Fuqiao Village Xianning People's Republic of China 437012
- IPO Date
- Aug 11, 2010
- CIK
- 0001472468
- Similar Companies
- Business
- XT Energy Group, Inc. operates primarily in the compressed air energy storage sector in China. The company develops and offers integrated electricity generation systems that combine proprietary compressed air energy storage technology with photovoltaic (PV) panels. Its core products include air compression power generation systems designed for industrial users such as factories and power plants, standalone PV systems, air source heat pump systems for efficient heat transfer in buildings, PV panels, and synthetic fuel-related products including fuel additives, engine lubricants, and engine cleaners. Additionally, XT Energy produces hydraulic components such as hydraulic cylinders, diesel pumps, motor oil pumps, hydraulic valves, and designs and manufactures hydraulic pump stations and high-pressure valves. The company also engages in the production and sale of wine and herbal wine products. Founded in 2008, XT Energy Group is headquartered in Xianning, China. In recent developments, XT Energy Group has maintained a focus on expanding its renewable energy solutions, particularly integrating its compressed air storage technology with solar power to provide clean energy alternatives that do not rely on fossil fuels or chemical methods. The company has also been involved in various corporate transactions and financial arrangements, including a notable 2019 letter of intent related to potential acquisitions and investments, though those did not culminate in direct acquisitions. Moreover, it has continued enhancing its product offerings to industrial and commercial clients by focusing on environmentally friendly energy generation and storage solutions. Its operations emphasize renewable energy technologies, specifically combining compressed air energy storage with solar photovoltaic applications to serve the Chinese market predominantly. XT Energy Group was formerly known as Xiangtian (USA) Air Power Co., Ltd. before changing its name to the current one in November 2018. The company’s business segments include power generation systems, energy storage, renewable energy technologies, hydraulic systems manufacturing, and related synthetic fuel products. It targets industrial and commercial customers in China, providing comprehensive energy solutions that blend innovative technology with environmental sustainability. The company’s recent strategic direction has focused on capitalizing on rising demand for green energy and energy storage technologies within the Chinese market while exploring opportunities to refine and broaden its technology applications. The company operates independently with no current public indications of subsidiaries or parent company affiliations. Its longstanding presence since 2008 and ongoing technological development position it as a specialized player in innovative energy storage and clean energy provision within mainland China. The focus remains on leveraging proprietary compressed air energy storage to complement solar and alternative energy sources, supporting industrial users in their power generation and energy efficiency needs without fossil fuel dependence. XT Energy Group’s comprehensive product portfolio, combined with its focus on clean energy integration and recent corporate activities around strategic financial structuring, underscore its evolving role in China’s renewable energy and industrial energy systems landscape. The company continues to advance its technology and product offerings, cementing its position in compressed air energy storage coupled with photovoltaic solutions.