Shenzhen Nanshan Power Co LtdShenzhen Nanshan Power completed registration of a new energy joint venture with 51% stake, expanding into new energy and energy storage.

Shenzhen Nanshan Power Company Limited and Shandong Hi-Speed Shenzhen Investment Company Limited have completed industrial and commercial registration for their joint venture, Shennan Power Shandong Hi-Speed Smart Energy Shenzhen Company Limited, and obtained a business license. The registered capital is 200 million yuan. Shenzhen Nanshan Power subscribed 102 million yuan for a 51 percent stake, while Shandong Hi-Speed Shenzhen subscribed 98 million yuan for a 49 percent stake. The legal representative is Zhang Zongyi. The two parties signed a capital contribution cooperation agreement on June 30, 2026, to jointly develop businesses in the new energy and energy storage sectors. The company cautioned that actual operations may face risks such as policy changes, market competition, project operations, and macroeconomic fluctuations. As this is the first cooperation between the two parties, there are potential risks of divergence in business philosophy and operational synergy.
Shenzhen Nanshan Power Co LtdShenzhen Nanshan Power completed registration of a new energy joint venture with 51% stake, expanding into new energy and energy storage.
The joint venture itself is the subject, but as a newly registered entity with no operations yet, impact is uncertain.