Recently, Nenglian Smart Electric, a subsidiary of Nenglian Group (0412.HK), an investee company of Shandong High-Tech Holdings Group, successfully listed on Nasdaq, becoming the first Chinese charging service company to be listed on an overseas capital market. This is another significant investment achievement for Shandong High-Tech Holdings in the new energy industry, following its acquisition of a controlling stake in Beijing Enterprises Clean Energy Group (1250.HK) in May this year, in line with its “dual-carbon strategy”.
Nenglian Group is a Fortune Global 500 new energy company and an energy IoT unicorn enterprise, with seven major businesses: Tuanyou, Nenglian Smart Electricity, Nenglian Cloud, Nengcheng Technology (Nenglian Logistics), Nenglian Integrated Energy Port, Nenglian Convenience Store, and Nenglian Enterprise Services. Nenglian Smart Electricity, which recently listed on Nasdaq, connects the upstream and downstream of the new energy industry chain through digitalization, providing one-stop services for charging pile manufacturers, operators, and OEMs, making electric vehicle charging faster, providing a better experience, and improving operational efficiency for all parties in the industry chain. In 2021, Shandong Hi-Speed Group participated in Nenglian Group’s Series E2 financing round, and heavyweight industrial investment institutions such as China Merchants Capital, CICC Capital, and Bain Capital have also invested in Nenglian Group.
Shandong Hi-Speed Group is an important overseas investment and financing and industrial holding platform under the Shandong Hi-Speed Group, mainly engaged in standardized investment, non-standard investment, industrial investment, and licensed financial services. In 2021, Shandong Hi-Speed Group Holdings Limited (SDG Holdings) clearly defined its strategic transformation goal into an outstanding industrial investment group. Adhering to the strategic transformation principles of “professionalization, focus, marketization, and institutionalization,” it established three major business divisions: fixed income, standardized equity, and industrial investment. The company focused on exploring investment opportunities in emerging industries such as new energy, new technology, and new consumption. In May 2022, seizing the “dual carbon” opportunity, the company acquired a controlling stake in the Hong Kong-listed company, Beijing Enterprises Clean Energy Group (1250.HK), which operates over 4GW of photovoltaic and wind power plants with an annual power generation exceeding 6 billion kWh, becoming the flagship new energy enterprise of Shandong Hi-Speed Group.
Over the past year, SEG Holdings has fully leveraged the industrial and resource advantages of its controlling shareholder, Shandong Hi-Speed Group, as well as its own advantages in industry-finance integration and domestic and international linkages. Focusing on strategic emerging industries such as new energy and new technology, it has carefully selected a number of investment targets with good growth potential, strategic and industrial synergies with its controlling shareholder, and a certain market scale. With a focus on creating long-term value, its strategic transformation has achieved phased results. In May of this year, in the “China Venture Capital 2021 Annual Ranking” which is known as a bellwether for the domestic equity investment industry, Shandong Capital, a wholly-owned subsidiary of Shandong Capital Holdings, stood out from more than 1,000 candidate institutions and was listed in the “China Venture Capital 2021 Top 10 Emerging Private Equity Investment Institutions in China”.
