---
title: "Shenzhen South Electric A: has completed the initial investment of RMB 50 million in the new energy storage industry equity fund, further promoting land acquisition and asset disposal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/214778322.md"
description: "Shenzhen Energy Group A has completed the initial investment of RMB 50 million in a new energy storage industry equity fund, actively promoting land acquisition and asset disposal. The company stated that it will transform from a traditional power generation enterprise to a comprehensive energy service provider, expanding comprehensive energy service projects. Mergers and acquisitions are complex strategic decisions, and the company will comprehensively consider safeguarding the interests of shareholders and fulfill disclosure obligations in accordance with the law"
datetime: "2024-09-20T09:05:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/214778322.md)
  - [en](https://longbridge.com/en/news/214778322.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/214778322.md)
---

# Shenzhen South Electric A: has completed the initial investment of RMB 50 million in the new energy storage industry equity fund, further promoting land acquisition and asset disposal

Finance News on September 20th, some investors asked Shenzhen Energy A on the interactive platform: Hello, Secretary Dong, currently, whether it is the SASAC, the CSRC, or other regulatory authorities, they are all encouraging state-owned enterprises to merge and restructure. The Nanshan Thermal Power Plant under Shenzhen Energy is located in the core area of Qianhai Cooperation Zone and is about to face the situation of shutdown and expropriation. Since the failed restructuring in 2022, there has been no progress in the past two years. What are the plans of the company's management and Shenzhen SASAC? Can the progress of mergers and reorganizations be accelerated?

The company's response is as follows:

In recent years, the company has been actively exploring diversified business models and firmly grasping the opportunity to transform from a traditional power generation company to a comprehensive energy service provider, vigorously expanding comprehensive energy service projects to create better conditions for the company's sustainable operation and healthy development. In the first half of 2024, the company closely focused on the strategic direction and completed the initial investment of RMB 50 million in the Shenzhen New Energy Storage Industry Equity Fund. At the same time, the company continues to promote the land acquisition and storage work of Shenzhen Electric Zhongshan Company and the disposal of generating unit assets. In addition, the company deeply explores its own resource advantages and facilitates the landing of the 300MW/600MWh independent energy storage power station (Phase I) project in Cuiheng New Area, Zhongshan City. The company's merger and reorganization is a complex strategic decision involving many considerations. The company must adopt a strategy of overall consideration in the decision-making process, making every effort to safeguard the interests of the company and all shareholders. As of now, the company has no undisclosed matters that need to be disclosed, and the company will continue to fulfill its disclosure obligations in accordance with laws and regulations.

The designated disclosure media for the company are "Securities Times" and the Giant Tide Information website (http://www.cninfo.com.cn). Please pay attention to the announcements disclosed by the company on the designated media

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