Wolong Real Estate's Strategic Move to Embrace Hydrogen Energy
Key Ideas
  • Wolong Real Estate transitions to Wolong New Energy, aligning with the national 'dual carbon' policy for new energy development.
  • The company aims to boost profits and future growth by focusing on wind energy, PV, ESS, and hydrogen energy sectors.
  • Strategic initiatives include grid-connected projects, orders for PV power stations, technology enhancement in ESS, and product competitiveness in hydrogen energy.
  • The rebranding reflects a shift towards sustainable practices, industrial integration, and maximizing value creation for shareholders.
Wolong Real Estate has made a significant strategic move towards embracing the hydrogen energy sector by announcing a change in its securities abbreviation to Wolong New Energy. This decision is part of the company's proactive response to the national 'dual carbon' policy, signaling a transition towards the new energy industry. The core focus areas for Wolong Real Estate's future development include wind energy, PV, energy storage systems (ESS), and hydrogen energy. In wind energy, the company is driving the Baotou Damao Banner new energy plus ESS grid-connected pilot demonstration project to expand its business. Additionally, Wolong Real Estate is targeting orders for distributed PV power stations and enhancing its market share in the PV sector. The company is also prioritizing the construction of core technical capabilities in ESS and is actively seeking sustainable growth opportunities. Furthermore, Wolong Real Estate is committed to developing its technology and product offerings in hydrogen production to increase its competitiveness in this field. The rebranding to Wolong New Energy reflects the company's strategic shift towards sustainable practices, industrial integration, and creating value for shareholders by maximizing synergies between various business sectors.
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