Hengkang New Energy plans to raise no more than 1.652 billion yuan through a private placement to Midea Group for the construction of multiple projects

NightAirdropper · 2026-02-28T03:43:10+00:00

Hecon New Energy plans to privately issue 288,234,136 A-shares to Midea Group, raising no more than 1,651,581,600 yuan, mainly for the research and development of high-voltage inverters and photovoltaic projects, aiming to strengthen new energy deployment and optimize capital structure. The company's historical and financial analysis indicates that performance fluctuations and risk management require attention.

NightAirdropper

2026-02-28 03:43:10

Abstract generation in progress

Leadar Finance | Written by Feng Xiuyu | Edited by Li Yihui

On February 27, Beijing Hekang New Energy Technology Co., Ltd. (Stock abbreviation: Hekang New Energy, Stock code: 300048) announced that the company plans to privately issue 288,234,136 A-shares to Midea Group, with a price of 5.73 yuan per share, raising a total of no more than 1,651,581,600 yuan. The funds raised will mainly be used for research and development and industrialization of high-voltage inverters, photovoltaic grid-connected inverters, and household energy storage systems, as well as the construction of distributed photovoltaic benchmark power stations and working capital supplementation.

Through this issuance, the company aims to strengthen its dual main business layout in electrical equipment and new energy sectors, promote strategic transformation, and optimize its capital structure. Although the shareholding ratio of Midea Group and its concerted parties will increase after the issuance, the company’s control will not change.

According to Tianyancha, Hekang New Energy was established on June 11, 2003, with a registered capital of 1,116,701,357 yuan. The legal representative is Lu Jianfeng, and the registered address is Building 2, No. 3 Boxing Second Road, Beijing Economic and Technological Development Zone, Beijing. Its main businesses include green energy solutions, household energy storage, photovoltaic grid-connected inverters, and high-voltage inverters.

Currently, the company’s chairman is Lu Jianfeng, the secretary of the board is Xu Qinhong, with 1,214 employees, and the actual controller is Why Xiangjian.

The company has 10 associated companies, including Luanping Jiufeng Agricultural Development Co., Ltd., Hekang Variable Frequency Technology (Wuhan) Co., Ltd., Anqing Midea Hekang Green New Energy Co., Ltd., Beijing Huatai Runda Energy-saving Technology Co., Ltd., and Hefei Midea Hekang Energy Technology Co., Ltd.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 1.424 billion yuan, 1.491 billion yuan, and 4.776 billion yuan, respectively, with year-on-year growth of 18.23%, 4.73%, and 220.31%. Net profit attributable to the parent was 25.64 million yuan, -220 million yuan, and 10.30 million yuan, with year-on-year changes of -48.98%, -958.43%, and 104.68%. During the same period, the company’s asset-liability ratio was 31.43%, 45.59%, and 61.99%.

Regarding risks, Tianyancha data shows the company has 427 internal Tianyan risks, 272 surrounding risks, 1,093 historical risks, and 248 warning risks.

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