Hunan Development Group Co.,Ltd (000722)

Overview

Hunan Development Group Co., Ltd., incorporated in 1993 and headquartered in Changsha, China, stands as a multifaceted enterprise primarily engaging in hydroelectric power generation. The company has evolved significantly over the years, expanding its business operations across various sectors. Hunan Development Group's power grid boasted an installed capacity of 44.87 million kilowatts as of December 31, 2022, demonstrating its substantial presence in the energy sector. This capacity spans thermal power, hydropower, wind power, photovoltaic power plants, and biomass and waste power plants, highlighting the diversity in its energy generation capabilities. Beyond energy, the company has ventured into the elderly care sector, providing community-based services through smart platforms, thereby addressing the growing need for innovative elderly care solutions. Its engagement doesn't end here; with operations in river sand and gravel distribution, equity investment, real estate, and minerals, Hunan Development Group portrays a dynamic portfolio. The integration of such varied businesses underlines the company’s strategic approach to tapping into different markets while promoting sustainable development and welfare.

Products and Services

Hunan Development Group Co., Ltd. offers a broad range of products and services across various sectors, reflecting its diversified business model. Below are key areas of its operation:

• Hydroelectric Power Generation: The company is a major provider of hydroelectricity in China, harnessing the power of water to produce clean, renewable energy. This operation forms the core of its business, contributing significantly to its revenue stream.
• Electricity Production and Supply: Beyond hydroelectric power, Hunan Development Group generates electricity through thermal, wind, photovoltaic, and biomass sources. It plays a crucial role in the national grid, ensuring a stable supply of electricity to meet the country's growing demand.
• Elderly Care Services: Responding to the needs of an aging population, the company offers community home-based elderly care services. This includes government-supported programs and smart elderly care platforms designed to improve the quality of life for the elderly, leveraging technology for better care provision.
• River Sand and Gravels: The distribution of river sand, pebbles, crushed stones, and other related products constitutes another business line. These materials are essential for construction and infrastructure projects, positioning the company as a key player in the construction supply chain.
• Equity Investment: Hunan Development Group is active in the equity market, with investments in various sectors. This diversifies its income sources and enables the company to tap into the growth potential of different industries.
• Real Estate and Land Development: The company engages in the leasing, development, and operation of real estate and land resources. This includes both commercial and residential properties, reflecting its versatility and strategic expansion into the real estate market.
• Mineral Resources Operation: Hunan Development Group also operates in the mining and processing of mineral resources, underscoring its integrated approach towards leveraging natural resources for industrial and economic development.
• Nursing Homes: The operation of nursing homes complements its elderly care services, offering specialized care facilities designed to meet the comprehensive needs of the elderly, including healthcare, rehabilitation, and recreational activities.