Chujiang New Materials, a subsidiary of the company, has signed an agreement for a 12.62MW rooftop photovoltaic power generation project. On March 15, 2025, during the 32nd session of its sixth board meeting, the company reviewed and approved the proposal regarding the energy management contract for a rooftop distributed photovoltaic power generation project with related parties. This transaction involves three subsidiaries of the company entering into contracts with the controlling shareholder, Anhui Chujiang Investment Group Co., Ltd., for photovoltaic power generation projects with installed capacities of 2.5MW, 4.27MW, and 5.85MW.
The Chujiang Group will construct and operate photovoltaic power stations on the rooftops of the subsidiaries’ factories, selling the generated electricity to the subsidiaries at preferential prices. This related transaction does not constitute a major asset restructuring or a restructuring listing and does not require approval from relevant departments. Independent directors have expressed their agreement with this proposal, which will be submitted for consideration at the shareholders’ meeting.
According to Tianyancha, Chujiang New Materials was established on December 21, 2005, with a registered capital of 1,324,246,265 RMB. The legal representative is Jiang Chun, and the registered address is at No. 8 Jiuhua North Road, Wuhu Area, China (Anhui) Pilot Free Trade Zone. The company specializes in the research and development, as well as manufacturing, of materials. The current chairman is Jiang Chun, the secretary of the board is Jiang Hongwen, and the general manager is also Jiang Chun. The company employs 7,779 people, and the actual controller is Jiang Chun, who holds an 18.61% stake in Anhui Chujiang Technology New Materials Co., Ltd.
The company has 28 affiliated companies, including Anhui Chujiang High-Precision Copper Strip Co., Ltd., Anhui Chujiang High-Tech Electrical Materials Supply Co., Ltd., Wuhu Chujiang Alloy Copper Materials Supply Co., Ltd., Qingyuan Chujiang High-Precision Copper Strip Co., Ltd., and Anhui Chujiang Recycling Resources Utilization Co., Ltd.
In terms of performance, the company’s operating revenues from 2021 to 2023 were 37.35 billion RMB, 40.60 billion RMB, and 46.31 billion RMB, representing year-on-year growth rates of 62.57%, 8.69%, and 14.08%, respectively. The net profits attributable to shareholders were 567 million RMB, 134 million RMB, and 529 million RMB, with year-on-year growth rates of 106.78%, -76.43%, and 295.92%.
During the same period, the company’s debt-to-asset ratios were 50.82%, 54.22%, and 58.06%. Regarding risks, Tianyancha shows that the company has 1,174 internal risk records, 929 surrounding risks, 7 historical risks, and 194 warning risk records.
