YUDEAN GROUP is a young enterprise with a related history of a century or so. Its history can be traced back to the 1880s. In 1888, the first electric lamp in Guangdong was lightened in the Palace of the Governor-General of Guangdong and Guangxi; in 1890, patriotic overseas Chinese set up the first national capital electric lamp company in Guangzhou. On August 8, 2001, Guangdong Provincial Government took the lead in electric power system reform in the whole country, and YUDEAN GROUP was thus established taking over the power generation business of the former Guangdong Electric Power Holding Company. The registered capital of the Company is 21.5 billion RMB; Guangdong Provincial Government and China Huaneng Group respectively held its 76％ and 24％ share rights. Currently, it has more than 13,900 employees and is the largest and most powerful power generation enterprise in Guangdong.
By the end of 2011, the Company's total assets at the end of period had been RMB 132.2 billion yuan, and installed capacity of its wholly owned and holding power plants had been 24,809.7 MW; installed capacity of 13 power plants had been over 1 000 MW; The Company has now more than 130 fully owned, holding and joint stock companies, of which GUANGDONG ELECTRIC POWER DEVELOPMENT CO., LTD. (GED) is its holding listed company.
The Company's businesses cover thermal power, hydropower, wind power, nuclear power, LNG, biomass, solar power and other energy in the whole territory of Guangdong, and are being extended actively to other provinces and overseas countries. In recent years, the Company actively carries out relevant diversified development strategies and has made breakthroughs in many fields including coal mine, shipping, natural gas, fnance, equipment manufacture and so on; besides, it also extends its industry chain to the upstream and downstream of the main businesses and its core value. The Company achieves excellent scores in the examination of responsibility system for operation of province-owned national assets for ten successive years. It ranked the 197th among 2011 top 500 enterprises in China and the 22nd among the top 500 enterprises in Guangdong.
YUDEAN GROUP also actively fulfills its social responsibility and works hard to create green energy sources and realize the Company's sustainable development while providing safe, economical and frm power to society. It popularizes clean production in an overall aspect and process in its power plants and works hard continuously to reduce the indices of pollutantemission. At present, YUDEAN GROUP's present coal-fired units in service are all equipped with desulfurization facilities; it's the first power generation enterprise of which the power plants' generating units all have desulfurization facilities in the country, and can reduce 360,000t sulfur dioxide discharged to the air each year in Guangdong.
Sticking to the development strategies of "centering on energy source, promoting the co-development of relevant industries, grounding frmly in Guangdong and facing to the whole country to explore international market and creating an energy group leading in domestic China and having international competence", YUDEAN GROUP will adhere to the business philosophy of "harmonious development, pursuance to correct path and creation" as well as the business mission of "shouldering due social responsibility and contributing to the whole society" to advance courageously and realize new leapfrog development.
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