en.Wedoany.com Reported - On July 2, China Resources New Energy rang the bell for its IPO on the main board of the Shenzhen Stock Exchange, with a fundraising of 24.5 billion yuan setting a record for the largest IPO on the Shenzhen Stock Exchange.

China Resources New Energy's IPO price was 10.11 yuan per share, with a public offering of 2.107 billion shares, raising a total of 24.5 billion yuan. On the first day of listing, the stock price opened significantly higher at 21.6 yuan, an increase of 113.65%; it hit a high of 30.16 yuan during the session, an increase of 198.32%, triggering two temporary trading halts; it closed at 23.95 yuan, surging 136.89% for the day, with a total market capitalization of 311.5 billion yuan at close.

China Resources New Energy is a wholly-owned new energy platform spun off from China Resources Power, primarily engaged in the development and operation of wind and solar power stations, covering 31 provinces across the country. The 24.5 billion yuan raised will be fully invested in wind and solar projects, with a total planned new installed capacity of 7.175 GW, encompassing four major tracks: large-scale new energy bases, multi-energy complementarity, agro-photovoltaic integration, and distributed new energy, with a total project investment of 40.422 billion yuan.

Shi Baofeng, Chairman of the Board of China Resources Power and Chairman of China Resources New Energy, stated that this listing on the A-share market is an important milestone in the development history of China Resources New Energy. Going forward, China Resources New Energy will strive to build an excellent listed company with outstanding profitability, stable performance growth, and generous shareholder returns, repaying every trust and support with tangible results.