How can China Cinda help Huaneng Group's structural transformation?

China Cinda has promoted the structural transformation of Huaneng Group by providing special services for non-performing assets. In 2022, after learning that Huaneng Group had the need to revitalize and dispose of "two non-assets" and "two capital" related businesses, China Cinda took the initiative to intervene, taking substantive restructuring as the main business model, and assisted Huaneng, a key subsidiary of Huaneng Group, to revitalize the inefficient assets formed by the closure and relocation of old power plants. Revitalize the stock to drive increment, promote the stock revitalization by increment, promote the integration of industrial chain resources and the shaping of industrial value, make overall plans to solve historical problems such as unit relocation and capacity elimination, and support the strategic transformation of Huaneng Group's new energy and the high-quality development of its main energy industry. Up to now, three projects in Chongqing and Nanjing have made substantial progress, with a scale of nearly 3 billion yuan. Among them, China Huaneng Co., Ltd. Thermal Power Plant Assets Revitalization Project (Nanjing Nenggu Project) was selected as 24 typical cases of "Revitalizing existing assets and expanding effective investment" by the National Development and Reform Commission.

China Cinda has always adhered to the concept of "customer-centered", made great efforts to build a strong alliance of "industry+finance", focused on urgent and difficult problems with tight time, heavy tasks and high complexity, and carried out in-depth and substantial reorganization of related inefficient assets at the asset end, management end and capital end, giving full play to the role of asset management and investment banking business in post-investment management, promoting the substantive solution of problems, and achieving good results of asset stripping, value promotion and maximum benefit.

China Cinda actively adapts to the new situation and new requirements of non-performing assets business, and changes from "sitting as a businessman" to "working as a businessman". Through analogy mining and pattern replication, it enhances the predictability, foresight and initiative of serving customers, reduces the cooperation cost, expands the cooperation results and creates economies of scale. After the first project is successfully landed, we will immediately sort out and judge the assets that need to be revitalized under similar circumstances with our customers, and quickly reach new cooperation. The successful landing of related projects is an important embodiment of China Cinda's giving full play to the advantages of non-performing assets disposal and supporting and serving the reform of state-owned enterprises and the development of the real economy.

It is reported that China Cinda will continue to conscientiously implement the decision-making arrangements of the CPC Central Committee, practice the political and people-oriented nature of financial work, give full play to the financial strength of non-performing assets in supporting the central region to revitalize state-owned assets and promote effective investment, and make new and greater contributions to accelerating the construction of a modern industrial system supported by the real economy.