At 9:30 on June 10th, along with Lei Mingshan, Party Secretary and Chairman of China Three Gorges Group Co., Ltd., China Three Gorges New Energy (Group) Co., Ltd. (stock abbreviation "Three Gorges Energy", stock code "600905") Party Secretary and Chairman Wang Wubin and others jointly sounded the opening gong at the Shanghai Stock Exchange, and Three Gorges Energy's initial public offering of A shares was officially listed for trading on the main board of the Shanghai Stock Exchange. Han Jun, deputy secretary and general manager of the Three Gorges Group, delivered a speech at the listing ceremony. Guests and representatives from national ministries and commissions, local governments, central enterprises, industry institutions, and partners witnessed this milestone moment.

      The opening price of Three Gorges Energy was 3.18 yuan/share on that day, and the latest price as of press time was 3.82 yuan/share, an increase of 44.15%. The market value on the first day of listing exceeded 100 billion yuan, announcing the birth of the new energy listed company with the highest value on the A stock market.

      At the upcoming festive moment of the party’s centennial birthday and the key node in the implementation of the “Carbon Peak and Carbon Neutrality” initiative, Three Gorges Energy was listed on the main board of the Shanghai Stock Exchange, becoming the largest IPO in the history of China’s power industry, and the new market with the highest value on the A stock market. Energy listed company. This is an important milestone for China Three Gorges Group to thoroughly study and implement the spirit of General Secretary Xi Jinping’s instructions and instructions to Three Gorges Group’s important speech, and to make its new energy business stronger, better, and larger. It is to give full play to the leading role of state-owned capital and promote the capital market to better serve the development of the new energy industry. Important move.

      The opening price of Three Gorges Energy was 3.18 yuan/share on that day, and the latest price as of press time was 3.82 yuan/share, an increase of 44.15%. The market value on the first day of listing exceeded 100 billion yuan, announcing the birth of the new energy listed company with the highest value on the A stock market.

      At the upcoming festive moment of the party’s centennial birthday and the key node in the implementation of the “Carbon Peak and Carbon Neutrality” initiative, Three Gorges Energy was listed on the main board of the Shanghai Stock Exchange, becoming the largest IPO in the history of China’s power industry, and the new market with the highest value on the A stock market. Energy listed company. This is an important milestone for China Three Gorges Group to thoroughly study and implement the spirit of General Secretary Xi Jinping’s instructions and instructions to Three Gorges Group’s important speech, and to make its new energy business stronger, better, and larger. It is to give full play to the leading role of state-owned capital and promote the capital market to better serve the development of the new energy industry. Important move.

      The Three Gorges Group was born because of the Three Gorges Project, and has always been committed to contributing clean energy, building a beautiful homeland, and benefiting the people. It has now become the world's largest hydropower development enterprise and my country's largest clean energy group. Three Gorges Energy is the main body of the implementation of the new energy business strategy of the Three Gorges Group. It has always adhered to the simultaneous development of scenery and sea and land, and has increasingly become an important leader in promoting the transformation and upgrading of my country's new energy industry. Three Gorges Energy will use the listing as an opportunity to further improve the corporate governance structure, strengthen market value management, make good use of the funds raised, and strive to make Three Gorges Energy a blue chip stock in the A-share market, and strive to contribute more clean energy to the society and create for shareholders More investment value will play a greater role and make more contributions in the construction of a new power system dominated by new energy. The A-share listing is an important historical node in the reform and development of Three Gorges Energy, marking that Three Gorges Energy has successfully completed the three-step reform roadmap of "Share Reform-Initiation of War-Listing", becoming the first mover of the state-owned new energy company to land in A shares, and for other new energy companies. Capital operation provides new ideas. As a large-scale new energy power generation investment target that is scarce in the A-share market, the listing of Three Gorges Energy will help deepen investors' understanding of the industry and enterprises, and promote more social capital to help the high-quality development of the new energy industry. Investors are optimistic about the development prospects of Three Gorges Energy and are very active in participating in the A-share IPO subscription. According to statistics, the number of valid subscriptions for this online issuance is approximately 16.19 million, and the number of valid subscriptions is approximately 487.4 billion. The overall subscription scale is nearly 1.3 trillion yuan; the subscription amount for online and offline new shares is approximately 22.66 billion yuan.

      It is reported that the total share capital of Three Gorges Energy after this public offering is 28.571 billion shares, and 8.571 billion shares are publicly issued. The funds raised will be mainly used for offshore wind power projects. Some industry analysts believe that the Three Gorges Energy is recognized by the market mainly due to the market’s expectations for the "carbon peak and carbon neutral" goal of the new energy development in the future.

            Image source: Three Gorges Micro