Recently, China Venture Capital and Private Equity Investment Association (CVCA) released its “CVCA Ranking” of Chinese venture capital and private equity investment institutions. Shandong High-Tech Holdings (00412.HK) was listed among the top ten most promising private equity investment institutions in China for 2022. This recognition of its industrial investment capabilities comes after its wholly-owned subsidiary, Shandong High-Tech Capital, was listed among the “Top 10 Emerging Private Equity Investment Institutions in China 2021” by CVCA last year.
In June 2021, Shandong High-Tech Holdings initiated its strategic transformation into an industrial investment group, aiming to become an outstanding industrial holding group. It focuses on strategic emerging industries such as new energy and new technologies, carefully selecting investment targets with good growth potential and strategic and industrial synergies with its controlling shareholder’s business, and steadily increasing the proportion of its industrial investments. In May 2022, Shandong High-Tech Holdings invested HK$4.685 billion to acquire 43.45% of the shares of Beijing Enterprises Clean Energy (stock code: 01250.HK, now known as Shandong High-Tech New Energy), becoming its controlling shareholder. The latest performance report from Shandong High-Tech New Energy Co., Ltd. shows that the empowering effect of mergers and acquisitions has driven a significant increase in the company’s profitability. As of the end of December 2022, Shandong High-Tech New Energy’s net profit was approximately HK$226 million, an increase of 178% compared to 2021, with the operating indicators of each project performing better than the industry average. Shandong High-Tech Holdings also became the largest single shareholder of Shandong High-Tech Environmental Energy Co., Ltd. (stock code: 000803.SZ), an A-share listed company. The annual performance report shows that as of December 2022, Shandong High-Tech Holdings’ total assets reached HK$68.96 billion, a twofold increase compared to the end of 2021, of which industrial assets reached HK$52.2 billion, accounting for approximately 76% of total assets. Shandong High-Tech Holdings has become an industrial investment platform that effectively controls two listed companies in the new energy sector and the green environmental protection sub-sector.
“ChinaVenture Ranking” relies on CVSource data, and the data is standardized through the ChinaVenture Research Institute. Rankings are based on overall scores, covering over a thousand active investment institutions in the private equity field. This ranking list is based on strict standards and is renowned for its professionalism, authority, and rigor. Therefore, it is considered a bellwether for the domestic equity investment industry and is currently an important basis for investment decisions by many large institutional LPs.
(Source: Securities Times Online)
