China Resources New Energy Holdings Co., Ltd. has successfully passed the review for its initial public offering on the main board of the Shenzhen Stock Exchange. The company aims to raise up to 24.5 billion yuan through this listing, making it the largest IPO project on the Shenzhen market to date. The approval also marks the first successful case of a red-chip company listing on the main board of the Shenzhen exchange.

According to the prospectus, the entire 24.5 billion yuan raised will be allocated to the company's core new energy operations. The investment will focus on four key areas: new energy base projects, multi-energy complementary integrated projects, green ecological development initiatives, and integrated new energy projects. A significant portion, 9 billion yuan, will be directed toward wind and solar power generation construction, with total project investments reaching 48.481 billion yuan. These projects aim to expand installed capacity and increase green electricity supply. The fundraising strategy emphasizes scaling operations, enhancing synergy, and promoting industrial integration to support long-term growth.

As of the end of 2025, China Resources New Energy's grid-connected power generation projects have reached an installed capacity of 41,589.9 megawatts, accounting for 2.26% of the national market share. Wind power capacity stands at 27,630.7 megawatts, representing 4.32% of the national market, while solar capacity totals 13,959.2 megawatts, holding a 1.16% share.