GreenergyDaily

Jun. 11, 2026

China Resources New Energy, a wind and solar spin-off of China Resources Power, is seeking a Shenzhen IPO that could become the exchange's largest ever.

The company plans to raise about 24.5 billion yuan in the Shenzhen listing, according to an exchange filing on Thursday.

The proceeds will be used to fund wind and solar projects with a combined planned investment of about 40.4 billion yuan.

The company develops and operates wind farms and photovoltaic power plants across China. Wind power accounted for 82% of its total electricity output in 2025, with solar power contributing the remainder.

China Resources New Energy plans to issue about 2.1 billion shares, representing 16.2% of its enlarged share capital. The stake could rise to 18.2% if an overallotment option is exercised, according to the filing.

China Resources New Energy's first-quarter net profit fell 31.1% to 1.62 billion yuan, while revenue declined 2.8% to 6.21 billion yuan.

The offering will begin price consultations on June 16, with subscriptions scheduled to open on June 22, the filing showed.

China Resources New Energy could become the largest IPO on the Shenzhen exchange, surpassing Yihai Kerry Arawana Holdings, which raised 13.9 billion yuan in its 2020 listing.