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jiemian news reporter｜ma yueran

four years after delisting, sinovel wind power (400082.nq) will be controlled by its former owner, dalian heavy industry equipment group co., ltd. (hereinafter referred to as dalian heavy industry group).

on the evening of september 27, sinovel wind power issued an announcement stating that its controlling shareholder had changed from no controlling shareholder to dalian heavy industry group, and the actual controller was changed from no actual controller to the dalian municipal people’s government state-owned assets supervision and administration commission. there are new persons acting in concert. this means that sinovel wind power will transform into a state-owned enterprise.

according to the voting results of sinovel wind power’s first extraordinary general meeting of shareholders in 2024, three non-independent director candidates and two independent director candidates nominated by dalian heavy industry group were elected. therefore, the directors nominated and elected by it have exceeded half of the board seats. , which ultimately led to the change of sinovel wind power’s controlling shareholder.

dalian heavy industry group's explanation for this acquisition is that as a state-owned enterprise under dalian city, it actively responded to the strategic deployment of the party and the country, launched a new round of comprehensive and deepening reforms of state-owned enterprises, and in order to extend the advantageous industrial chain of the heavy industry equipment group, realize the strategic upgrade from a wind power parts supplier to a complete machine supplier, as well as based on the recognition of the value of non-listed public companies and confidence in future development, etc.

after the acquisition, dalian heavy industry group has no plans to adjust sinovel wind power’s main business, management, organizational structure, company articles of association, etc.

sinovel wind power was once the largest domestic wind turbine manufacturer.dalian heavy industry group is its old employer.

in 2006, dalian heavy industry mechanical and electrical equipment complete co., ltd., a subsidiary of dalian heavy industry group, took the lead and jointly established sinovel wind power with xinneng citigroup, fang haishenghui, oriental modern, and tibet new alliance. at that time, dalian heavy industry held 30% of the shares.

with its bet on large-megawatt wind turbines and low-price strategy, sinovel wind power's newly installed wind power capacity reached 1,403 mw in 2018, ranking first in china's wind power market and ranking seventh in the world. in 2009, it further increased to 3,510 mw, ranking first in china. first and third in the world. in 2010, its installed capacity exceeded 4,386 mw, maintaining its status as first in china and second in the world. that year, sinovel wind power’s net profit was as high as 2.856 billion yuan.

2011in 2009, sinovel wind power was listed on the shanghai stock exchange, becoming the “first wind power stock”. the company’s issue price of 90 yuan broke the ipo record at the time, and its market value once approached 100 billion yuan.

at that time, due to problems such as off-grid and overcapacity caused by large-scale centralized development of wind power, the national energy administration tightened the approval of wind power projects, and the wind power industry experienced a decline.

subsequently, with the failure of sinovel wind power’s price war strategy and the emergence of problems such as wind turbine quality, the company’s performance continued to decline.

in 2013, sinovel wind power was exposed to financial fraud. it inflated revenue by 2.4 billion yuan in its 2011 financial report, and former chairman han junliang was sentenced for this.

in 2016, sinovel wind power's losses reached 3.099 billion yuan. the losses in the previous four years had exceeded 10 billion. a generation of wind power bosses quickly fell from the altar.

after delisting, sinovel wind power's shares were transferred to the national equities exchange and quotations system, that is, the new otc market. after being transferred to the new third board, the abbreviation of sinovel wind power securities was changed to sinovel 5, and it is still engaged in new energy and wind power related businesses.

the financial report shows that sinovel wind power is currently mainly engaged in the design and development of the market's mainstream large-scale megawatt series wind turbines, trial production and large-scale manufacturing of innovative products, wind farm operation and maintenance services, commercial operation of its own wind farms and wind farm capacity expansion. , joint development of wind power projects, operation and construction of self-owned photovoltaic power stations, new energy industry expansion services, etc.

2022-in 2023 and the first half of this year, sinovel wind power’s net profits will be 20 million yuan, 40 million yuan, and 15 million yuan respectively.

according to the acquisition report, dalian heavy industry equipment group co., ltd. was formerly known as dalian heavy industry hoisting group co., ltd. it was established in december 2001 and was renamed dalian heavy industry equipment group co., ltd. in 2022.

the core enterprises of the group include dalian huarui heavy industry group co., ltd. (002204.sz), dalian rubber and plastic machinery co., ltd., dalian jinzhong machinery group co., ltd. and wafangdian bearing group co., ltd. its main businesses are metallurgy, ports, it provides stand-alone machines, complete sets of equipment and services in petrochemical, chemical, new energy, aerospace, shipbuilding and other national economic fields.

the official website of dalian heavy industry group shows that it began the development of core components for megawatt-class wind power equipment in 2004. the company also called the wind power industry the "ballast" of its performance in its financial report.

before the acquisition, dalian heavy industry group held 1.075 billion shares of sinovel wind power, accounting for approximately 17.83% of the total share capital of the public company. after the acquisition, the number of shares and shareholding ratio it held in the latter remained unchanged.