On November 29, the 5th International Forum on Clean Energy (Macao), jointly held by International Forum on Clean Energy (Macao), Chinese Economic Development Seminar and China Energy News, was inaugurated in Macao. The list of “2016 Top 500 China Energy Groups” released at the forum showed that, State Grid, China National Petroleum Corporation and Sinopec Group ranked top three and Far East Holding Group was also listed.
By using the internationally accepted evaluation method, which is objective and impartial, this project, based on each group’s operation revenue of previous year, aims to clarify the energy industry pattern in China and determine market positions of energy groups.
Far East Holding Group always persisted in its development strategy of “main business + investment”, and committed to becoming “the world's leading smart energy expert” in aspects of main business. Far East Smarter Energy Co., Ltd. (abbreviation: Smarter Energy; stock code: 600869), owned by Far East Holding Group, consistently centered on the whole-industrial-chain service provider, providing “planning & design - product service construction & installation - operation & maintenance supervision - energy efficiency management” as development orientation, and successively made several outstanding achievements in the energy field, including: purchase Shanghai Intelligence Power Engineering Co., Ltd., a top private power design institute in China, to actively participate in planning and design of energy projects and in the EPC field and arrange distributed generator end; complete merge and acquisition of Beijing Semeureka Electrics Co., Ltd., to access to the field of intelligent operation and maintenance of energy project; purchase Far East Forster New Energy Co., Ltd. (hereinafter referred to as “Far East Forster”), to integrate resources and focus on such energy fields as layout of new energy power battery and energy storage station, and the energy internet platform has taken its initial shape.
Far East Forster, a wholly-owned subsidiary of Smarter Energy, is the leader among the domestic 18650 lithium battery manufacturers. According to the public information, its production and sales volume ranked first in China and third all over the world. In the first three quarters of 2016, Far East Forster achieved the total income of RMB 674,000,000 in terms of power battery and other energy storage equipment. Furthermore, Smarter Energy issued a notice that in the evening of November 29, the Company and Far East Forster entered into the Agreement on Smarter Energy Industrial Park with Gaocheng Town People's Government in Yixing City, Jiangsu Province on November 28. With a total investment of RMB 5 billion, they planned to establish the “Smart Energy Industrial Park” and industrial chain of 6GW high-performance power and energy-storage lithium battery and other projects in Gaocheng Town. It is learned that, high-end manufacturing of smart energy industry, urban industrial circle and sustainable development environment were going to be introduced and created in the park through new energy automobile industrial chain and under strong support of the government.
“Top 500 China Energy Groups” is a soft science project implemented by the National Energy Administration and jointly organized by China Energy News and Energy Economic Research of China. Research objects include: enterprises (wholly foreign owned enterprises excluded) registered in China (Hongkong included) and energy enterprises registered outside China, with investor(s) is/are Chinese natural person or corporation and main businesses operated in China. The “Top 500 China Energy Groups” has continued for six consecutive years since 2010.
Attachment: Top 100 Enterprises in the List of “2016 Top 500 China Energy Groups”
