Chuanjiang New Materials, a subsidiary of Chuanjiang Investment Group, has recently signed an agreement for a 12.62 MW rooftop photovoltaic power generation project. This decision was made during the thirty-second meeting of the sixth board of directors held on March 15, 2025. The board approved a contract energy management agreement related to the rooftop distributed photovoltaic project, which involves three subsidiaries of the company and its controlling shareholder, Anhui Chuanjiang Investment Group Co., Ltd.. The project includes installations with capacities of 2.5 MW, 4.27 MW, and 5.85 MW.
Chuanjiang Group will construct and operate the photovoltaic power station on the rooftops of the subsidiaries’ factories and will sell the generated electricity to the subsidiaries at a preferential rate. This related transaction does not constitute a major asset reorganization or restructuring for listing and does not require approval from relevant authorities. The independent directors have expressed their agreement with this proposal, which will be submitted for shareholder review.
According to Tianyancha, Chuanjiang New Materials was established on December 21, 2005, with a registered capital of 1.324246265 billion RMB. The legal representative is Jiang Chun, and the registered address is No. 8 Jiuhua North Road, Wuhu Area, China (Anhui) Pilot Free Trade Zone. The company primarily focuses on the research and manufacturing of materials. Currently, the 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 Chuanjiang Technology New Materials Co., Ltd.
The company has invested in 28 subsidiaries, including Anhui Chuanjiang High-Precision Copper Strip Co., Ltd., Anhui Chuanjiang High-Tech Electric Materials Supply and Marketing Co., Ltd., and Wuhu Chuanjiang Alloy Copper Materials Supply and Marketing Co., Ltd., among others.
In terms of performance, the company’s revenue from 2021 to 2023 was 37.35 billion RMB, 40.596 billion RMB, and 46.311 billion RMB, reflecting year-on-year growth rates of 62.57%, 8.69%, and 14.08%, respectively. The net profit attributable to the parent company for the same years was 567 million RMB, 134 million RMB, and 529 million RMB, with year-on-year changes of 106.78%, -76.43%, and 295.92%.
During this period, the company’s debt-to-asset ratio was 50.82%, 54.22%, and 58.06%. On the risk front, Tianyancha data indicates that the company has 1,174 internal risks, 929 surrounding risks, 7 historical risks, and 194 early warning risks.
