European Debt Crisis Brings Business Opportunity Guodian Power Institute Doubled Its Overseas Investment Last Year

On February 6, 2012, the European debt crisis was a "crisis" and an "accident." For Chinese companies, it means that high-quality overseas cooperation and acquisitions can be conducted at a lower cost. The reporter learned from the State Grid Electric Power Research Institute/Nanjing Nanrui Group's development briefing that last year, the State Grid Institute of Electric Power realized overseas contracts amounting to nearly 600 million yuan, which has doubled from the previous year, including photovoltaic power generation and wire Exports of products such as cables and transformers for new energy and primary equipment products were realized for the first time, and photovoltaic inverters and other products achieved a breakthrough in the high-end market in Western Europe. In addition, last year the hospital signed a total of 23 billion yuan in new contracts, an increase of more than 40% year-on-year, and achieved operating revenue of more than 17 billion yuan, an increase of more than 60%. It is reported that since 2012, the Institute will accelerate the acquisition of overseas companies, focusing on Europe and the United States, and fully promote the acquisition of complete sets of product manufacturing, construction, and design overseas companies. The amount of overseas contracts in 2015 is planned to reach around 7.5 billion yuan.

It is understood that Nanjing Nanrui Group Corporation is a listed company Guodian NARI's controlling shareholder, holding 35.25% of its equity; while Guodian Electric Power Research Institute is the sole shareholder of Nanjing NARI Group, holding 100% of its equity; State Grid Corporation of China It is the sole shareholder of the State Grid Electric Power Research Institute and holds 100% of its equity; the State-owned Assets Supervision and Administration Commission of the State Council is the investor representative of the State Grid Corporation of China.