the committee awards for qiao baoping
qiao baoping delivers a keynote speech at the overseas summit forum of listed corporation of china
qiao baoping attends the roundtable forum and talks about new development opportunities of new energy in china
on november 28, the 3rd china securities “golden bauhinia awards” was held in hong kong. china longyuan power stood out from 1,618 hong kong listed companies. qiao baoping, chairman and secretary of party leadership group of china guodian corporation and chairman of china longyuan power was awarded the “most influential leader of listed companies” and was also invited to deliver a keynote speech at the chinese listed companies overseas summit. meanwhile, china longyuan power won the “listed company with best investor relations management”, thus becoming one of the few listed companies that won two awards in this year’s campaign.
the china securities “golden bauhinia awards” is a series of activities organized by ta kung pao and co-organized by chinese and overseas securities associations, financial media and supervision departments, etc. with a good reputation. the judging panel said in the award speech to qiao, “he is an expert in corporate governance. he earnestly works on “five articles, and he has been devoting himself to electricity industry transformation and upgrading, system and mechanism reforms, operating management ability improvement, asset structure optimization and harmonious enterprise construction, and has ensured high-quality, profitable and sustainable development of the company. china longyuan power has ranked among the first in asia and the second-largest wind power operator in the world through ‘longyuan speed’, ‘longyuan spirit’ and ‘longyuan brand’. he is leading longyuan team to sprint for the world champion with pioneering courage and preserving spirit.” after winning the award, qiao indicated that in the face of ardent expectation from investors, enormous pressure from energy conservation and emission reduction as well as pressing need for energy structure adjustment, we can feel the heavy responsibility on our shoulders. china longyuan power will continue to implement the strategy of “ushering in business transformation by vigorously developing new energy”, spare no effort to operate, manage and develop china longyuan power, strive to build a world-class new energy listed company, and make new and greater contributions to tackling global climate change and building a beautiful china.
in the keynote speech qiao made at the chinese listed companies overseas summit, he indicated that, the rise of global industrialization not only creates unprecedented material wealth but also leads to ever-intensifying contradictions between human and nature. the frequent environmental pollution events are profound lessons for human being. in the face of global energy shortage, environmental pollution and climate change, actively transforming energy development mode and adjusting energy structure has become a major strategic choice for each country to realize sustainable development. vigorously developing clean and renewable energy sources represented by new energy will also be an inevitable choice to push the revolution of energy production and consumption in china.
qiao explained that, new energy has a good industrial base with abundant resources in china. since the enactment of the renewable energy law in 2006, chinese new energy industry has been developing very rapidly and has also made great achievements in the industrial scale and technological progress. however, china remains at a low development level of new energy. as far as wind power is concerned, china’s installed wind power capacity accounted for 5.3% of the total installed capacity while its generating capacity only accounted for 2% of the total generating capacity by the end of 2012. however, the ratio of wind power to the overall electricity consumption has exceeded 15% in denmark and spain and 5% in the european union. by contrast, china’s new energy market still has bright prospects in the future.
qiao pointed out that, to build a beautiful china needs the support of green energy. in the face of the requirements of new circumstances, we will make persistent efforts to take on our responsibility, do solid work in “five articles”, and continue to maintain the development advantages in new energy industry. first, focus on industry transformation and upgrading, keep up with the national energy deployment, grasp new energy development direction of the world, continue to optimize wind power development layout, further accelerate offshore wind power development, increase overseas investment, steadily promote photovoltaic development, and expand industrial development fields. second, focus on system and mechanism reform, push forward internal reform, continuously improve new system and mechanism in conjunction with the company’s development scale and the characteristics of new energy industry, realize optimal resource allocation, and strengthen internal driving force for enterprise development. third, focus on management ability improvement, insist on benchmarking with advanced international enterprises, continue to narrow the gap in strategic planning, investment and construction, production and operation, technological research and development and capital operation, improve management efficiency, and promote profitability and market competitiveness. fourth, focus on asset structure optimization. after years of rapid development, the company has entered a new stage of high-quality and profitable development, and it is necessary to further improve management control system, build and improve an effective risk prevention and control mechanism, optimize asset, and increase value-creating ability and anti-risk ability. fifth, focus on harmonious enterprise construction, insist on the business philosophy of “developing wind power, saving resources, protecting the environment, benefiting the posterity”, carry forward characteristic enterprise culture of “harmonious longyuan power”, dare to undertake social responsibility, and realize sound and sustainable development of the company while supplying green energy.
china longyuan power is the main platform of china guodian corporation in investing and developing new energy and also one of the earliest power enterprises that engage in wind power development. the company has been committed to developing and utilizing clean, efficient and sustainable new energy, and has established the industry-leading level in wind power development scale and effectiveness. in december 2009, china longyuan power was successfully listed on hong kong stock exchange (h-share) and raised 17.7 billion yuan of funds, which set up several records, such as the largest amount of fund raised through overseas ipo and the highest pe ratio, thus becoming “the first stock of new energy in china”. since the listing, the company’s share price has continued to take the lead in new energy. the trend is even much more inspiring this year. the cumulative increase has reached 88.4%, ranking first in energy stock of state-owned enterprises.
so far, china longyuan power’s holding installed wind power capacity has reached 10,660mw, which accounts for 16.1% of the total installed wind power capacity in china and steadily retains the first in china and asia and the second in the world. the company has built more than 120 wind farms in 21 provinces and cities with more than 8,000 wind turbines, forming a wind power development layout based on six wind power bases supplemented by inland wind power. meanwhile, the company also takes the lead in several new emerging areas in china, such as the development of overseas market, offshore wind power, and wind power at high altitudes and low wind speed area. besides, the company has successfully constructed ten supporting systems of new energy and was approved to build the “national energy research center of wind power operation technology” which can lead technological upgrading of the industry. furthermore, the company has formed a complete new energy power generation system covering solar energy, biomass energy, tidal energy and geothermal energy.