CHINA LONGYUAN POWER-ADR Business Summary

China Longyuan Power Group Corporation Limited (CLPXY) operates as a leading renewable energy utility, primarily generating revenue through the sale of electricity to local grid companies under China’s power market framework. As the world’s largest wind power operator, the company manages a diversified portfolio with a consolidated installed capacity exceeding 41 gigawatts as of early 2026. Its primary business segments are categorized by energy source, with wind power accounting for approximately 70% of total capacity, followed by a rapidly expanding solar division and smaller specialized segments in biomass, tidal, and geothermal energy. In the competitive landscape, Longyuan Power maintains a dominant market position characterized by its massive scale and state-backed financing credibility, competing directly with other major state-owned enterprises such as China Three Gorges Renewables, State Power Investment Corporation (SPIC), and Datang Renewable Power. Unlike its more specialized peers, Longyuan leverages its first-mover advantage and extensive grid-connection history to maintain higher-than-average utilization rates across its domestic and international projects in Canada and South Africa. Established in 1993 as a pioneer under China's Ministry of Electric Power, the company is currently led by a seasoned executive team with deep roots in the state-owned energy sector. Chairman Gong Yufei, appointed in May 2024, brings extensive experience from his previous roles as Vice President of the company and leadership positions within CHN Energy and Guohua Investment. President and Executive Director Wang Liqiang, also appointed in 2024, is a senior engineer with a master’s degree from North China Electric Power University and a background in procurement and engineering management at China Energy Investment Corporation. The leadership team also includes Chief Accountant Yang Wenjing, a doctor of management who previously held senior financial roles at China Shenhua Energy. The company is a core subsidiary of the state-owned China Energy Investment Corporation, which remains the controlling shareholder with a stake of approximately 58.7%, providing the firm with significant strategic alignment and capital support for its long-term renewable expansion goals.