The company, formerly known as Tianjin Port Free Trade Zone Tianbao Electric Power Company and Tianjin Tianbao Electric Power Co., Ltd., was approved and established by the Tianjin Port Free Trade Zone Management Committee in 1992. Currently, it mainly provides energy supply and service guarantee work for the seaport area of the Tianjin Port Free Trade Zone, as well as heat supply and service guarantee work for the Tianjin Port Free Trade Zone. A wholly-owned subsidiary of the Company, Tianjin Tianbao New Energy, is mainly responsible for integrated energy services, distributed photovoltaic power plant development and operation, and new energy business development; the company's non-wholly-owned subsidiary, Lingang Thermal Power, is mainly responsible for the production and supply of steam for the enterprise's production. On April 27, 2018, the company was officially listed on the main board of the Stock Exchange, becoming the first state-owned energy operator in Tianjin to be listed on the main board of the Stock Exchange to engage in cogeneration steam, along with electricity, heating, and cooling. After about 30 years of development, the company gradually developed into a comprehensive energy service provider for the park located in the Tianjin Port Free Trade Zone, and relied on its professional ability and resource advantages in the field of energy supply, integrated innovation to meet the needs of customers in the park, integrated the application of various clean and renewable energy sources to provide comprehensive energy solutions in which various energy sources such as electricity, heat, cold, steam, etc. work together to meet the overall needs of users, enhance the regional business environment, and help the country achieve the strategic goal of “carbon peak, carbon neutrality”. The company will make full use of the advantages of Hong Kong's capital platform, continuously enhance its core competitiveness and value creativity, make every effort to promote institutional mechanism change and management innovation, enhance design and R&D capabilities, improve operational efficiency and production capacity, strengthen market value management, increase shareholder returns, and reward society and investors with better business performance.
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