Zhitong Financial App News, China Shipbuilding Technology (600072.SH) announced that CSSC Wind Power Development Co., Ltd. (“CSIC”), a wholly-owned subsidiary of the company, carried out a public listing merger and transferred its wholly-owned subsidiary CSSC Wind Power Clean Energy Technology (Beijing) Co., Ltd. (“Beijing Technology Company”) to Mulei County Tongyuan Hongshen New Energy Development Co., Ltd. (hereinafter referred to as “Tongyuan Hongshen”) and 100% of the shares and Hami Shengtian Wind Power Co., Ltd. (“Hami” for short) at an initial listing price of not less than 422 million yuan with an assessed value of 422 million yuan Shengtian”) 100% equity.
This asset transfer will help CSIC Wind Power reduce its overall balance ratio, improve the quality of operations, return early investment capital, and meet the development needs of CSIC Wind Power's subsequent clean energy power plant development and investment. This asset sale will have a positive impact on the company's profit situation in 2023.