Guangdong Yudean Group Co., Ltd. (hereinafter referred to as the “Yudean Group”) was established on August 8, 2001 to take over the power generation business of the original Guangdong Electric Power Holding Company to be the first power generation enterprise arising from China's power system reform by “separation of power plants from power grids” and the largest energy group in Guangdong Province.
Yudean Group has a registered capital of RMB 21.5 billion with 76% and 24% of the shares held by Guangdong Provincial Government and Huaneng Group respectively and is mainly engaged in power supply investment, construction, operation and management; power (heat) production and sales; investment, construction and production operation of related industries of transportation, finance, new energy and environmental protection and products; power fuel investment, construction and management; power industry-related technical services, investment planning, management consulting and information-based services.
Yudean Group, in accordance with the Company Law of PRC, regulates its , establishes capital ties and establishes and improves management and operation mechanisms in compliance with market economy requirements. Yudean Group's operating objectives are to adhere to reform, enhance management, improve the structure, make full use of the Group's overall advantages, increase economic benefits and strengthen market competitiveness to ensure that inflation-proofing and appreciation of state-owned assets in accordance with national industrial policies, market demand and relevant legal requirements.
In accordance with the strategic objective of “enlarging and strengthening Yudean to be a state-owned carrier-level enterprise in Guangdong and hold one third of Guangdong's power industry”, Yudean Group adheres to the business philosophy of “win-win development, good faith and innovation”, undertakes the corporate mission of “developing virtuously to benefit the country and its people”, implements the development strategy of “focusing on energy, developing related industries, base in Guangdong to serve the whole country and open international markets and develop to be a domestically first-class energy group with international competitiveness”, makes efforts to ensure security, promote benefits, strengthen management and boost development, actively fulfills social responsibility, actively creates green energy and focuses on building a resource-saving and environment-friendly enterprise, having created good economic and social benefits, effectively ensured Guangdong's safe power supply and made important contributions to the stable and rapid economic and social development of Guangdong.
After over ten years of development, Yudean Group nearly doubles its total assets, installed capacity, annual generation capacity, annual revenue and annual per capita output in comparison with 2001 when it was established. As of the end of 2012, Yudean Group has achieved controllable installed capacity of 26740 MW, controllable transportation capacity of 2.61 million tons, has had over 130 wholly-owned enterprises and enterprises where it controls or holds shares and a controlled listed company - Guangdong Electric Power Development Co., Ltd. Yudean Group's core industries cover coal-fired power, hydropower, natural gas power, wind power, nuclear power, solar power, etc. and its diversified industries cover coal mining, shipping, ports, LNG receiving terminals, equipment manufacturing, finance, etc.; Yudean Group has 31 power plants, 13 of which are 1000 MW power plants, 19% of which are installed with clean energy and whose provincial installed capacity and annual power generation account for about 1/3 of the total quantity in Guangdong, becoming the mainstay of the power grid of Guangdong to ensure power supply in Guangdong. Yudean Group has formed optimized development power generation segments and has driven rapid development of diversified segments to form a new pattern of “one leading segment supported by diversified segments”, taking Yudean Group to the forefront of power generation companies in China in terms of asset quality and corporate reputation. Yudean Group ranked 194th and 20th in China's top 500 enterprises and Guangdong's top 500 enterprises respectively in 2012.
Yudean Group will continue to adhere to taking safety as its basis, benefits as its focus and management as its support, strive to achieve comprehensive, coordinated and green development, promote industrial upgrading, promote the Group to become bigger, stronger and more excellent and strive to become the first state-owned carrier-level enterprise whose total assets and total annual revenue both exceed RMB one hundred billion in Guangdong, thus making active contributions to the achievement of the objective of “taking the lead in establishing a well-off society in all aspects and realizing modernization basically” in Guangdong.
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