According to the QCC APP, recently, Jiangsu Rutong (Tianjin) New Energy Development Co., Ltd. was established, with Zeng Zhibin as the legal representative, a registered capital of 0.12 billion yuan, and its business scope includes: research and development of emerging energy technologies; research and development of wind farm-related systems; research and development of biomass liquid fuel production processes; research and development of unconventional water source utilization technologies, etc. According to the QCC equity penetration display, the company is wholly owned by Jiangsu Rutong Petro-Machinery.