BOE Energy Technology Beijing Stock Exchange listing application accepted, fundraising plan reduced

On January 5, BOE issued an announcement revealing that the application materials for public offering and listing submitted by its holding subsidiary BOE Energy Technology Co., Ltd.(hereinafter referred to as BOE Energy Technology) to the Beijing Stock Exchange (hereinafter referred to as the Beijing Stock Exchange) have been officially accepted by the Beijing Stock Exchange. This means that the capitalization process of BOE Energy Technology has taken a critical step and will further improve BOE's strategic layout in the comprehensive energy field.

According to public information, BOE Energy Technology was established in August 2009 with a registered capital of 1.24 billion yuan, and its core business focuses on integrated energy services. In terms of equity structure, BOE holds 68.40% of the company's shares and is its controlling shareholder, playing a leading role in the company's operating development.

In terms of business layout, BOE Energy Technology has built three core business segments and formed a full-chain comprehensive energy service capability. The first is comprehensive energy services, whose business scope covers EPC(general contracting) of new energy and energy storage projects, energy trusteeship, and power sales transactions; the second is comprehensive energy utilization, focusing on holding and operating centralized and distributed photovoltaic power stations. So far, the cumulative operating scale is approximately 368 MW and has stable energy output capacity; the third is zero-carbon services, providing diversified services such as carbon asset development, dual-carbon consulting, and environmental rights trading, accurately meeting market demand under the dual-carbon strategy.

Financial data shows the company's good growth trend. From 2022 to 2024, BOE Energy Technology's operating income achieved steady growth, climbing from 642 million yuan to 1.012 billion yuan, with a compound annual growth rate of more than 25% in three years, demonstrating its strong market expansion capabilities. However, on the profit side, the company's parent net profit fell slightly in 2024, eventually reaching 112 million yuan. Previously, this indicator reached a phased high of 142 million yuan in 2023.

It is worth noting that the fundraising plan for this listing has been adjusted compared with the original plan. It is reported that BOE Energy Technology originally planned to publicly issue no more than 414 million shares and plans to raise approximately 813 million yuan. The funds will be mainly used for photovoltaic power plant construction, energy storage power station layout, energy management platform construction and replenishment of working capital. direction. However, in the newly disclosed plan, the total fundraising has been reduced to 469 million yuan, of which 400 million yuan is planned to be specially used to supplement working capital, accounting for more than 85% of the adjusted total fundraising, highlighting the company's emphasis on optimizing the capital structure and ensuring operating liquidity.