On March 27, Shantaka Holdings Group Co., Ltd. (stock code: 00412.HK) released its 2023 annual results report. According to the annual report, by the end of 2023, Shantao Holdings achieved net profit of HK$540 million, an increase of more than two times over the same period last year. Annual profit attributable to shareholders rose sharply, with earnings of HK0.25 cents per share. The company's total assets are HK$72.75 billion, of which industrial assets reach HK$58.6 billion, accounting for nearly 90% of the total assets. Shantao Holdings has basically completed two major industrial tracks focusing on new energy and new infrastructure.
Since promoting the strategic transformation to an emerging industry investment holding group in the second half of 2021, Shantao Holdings has carried out strong investment and management capabilities in terms of capital, resources, brands, and mechanisms after holding Shankao New Energy in 2022. In 2023, Shangao New Energy's main development index reached a record high, adding a new energy development index of 1.6 GW, and successfully won the 387.5 MW wind power installed capacity in Heze City in the competition for centralized onshore wind power projects in Shandong Province. Furthermore, Shangao New Energy has successively tailored comprehensive green energy management solutions for leading companies in the industry such as COFCO Group, SF Express Group, Beijing Water Holdings, and Honglu Steel Structure, which has significantly increased its competitiveness and influence in the new energy industry.
While deeply involved in the new energy industry, Shantao Holdings strategically took a stake in the US listed company Century Internet (VNET) at the end of last year, subscribed to Century Connect's Class A common stock for an increase of 299 million US dollars, and owns 42% of its shares. Century Internet is one of the top three third-party data center service providers in China. It operates more than 50 data centers in more than 30 cities across the country, has more than 8,7300 cabinets, and provides stable and diverse services to more than 7,000 enterprise customers. Through a strategic investment in Century Connect, Shantao Holdings aims to promote collaboration between the green energy industry and the data center industry, create a collaborative industrial ecosystem model of “integrated source network and load storage”, form a “green electricity+computing power” ecological closed loop of “ready to use, reasonable pricing, and mutual benefit”, promote the transformation of high-energy data center businesses to green and low carbon, optimize the industrial ecology and enhance corporate competitiveness.
The capital market responded positively to the results of Shangao Holdings' strategic transformation. In February 2024, Hong Kong Hang Seng Index Co., Ltd. announced that Shankao Holdings was included in the Hang Seng Composite Index, indicating that Shankao Holdings has met the eligibility requirements for inclusion in the Hong Kong Stock Connect, reflecting investors' high recognition of the company's financial performance and long-term investment value.
Shankao Holdings said that the company will seize the opportunities of China's green and low-carbon development and digital transformation, fully tap the strategic synergy of the controlling shareholder Shandong Expressway Group, give full play to its “industry-finance integration+cross-border linkage” advantages, deeply explore and seek investment opportunities in the fields of new energy and new infrastructure, launch an industrial investment expert brand, and allow shareholders, investors, customers and employees to share the Group's high-quality and sustainable development results.