Overview

TBEA Co., Ltd. (referred to as "TBEA," A-share stock code: 600089) is a service provider offering system solutions for the global energy sector. Based in Xinjiang, the company has cultivated three major strategic emerging industries: "high-end power transmission and transformation manufacturing, new energy, and new materials." Domestically, TBEA operates 14 manufacturing industrial parks, and internationally, it has established two bases. The high-end power transmission and transformation manufacturing and power system integration industries are critical to national economic and energy security. Aligned with the national energy strategy of "One Special and Four Major," the company has undertaken a series of pioneering projects, including the world’s longest-distance and highest-capacity ±800kV UHVDC (Ultra High Voltage Direct Current) transmission line, the world’s first commercially operated 1000kV UHVAC (Ultra High Voltage Alternating Current) line, and other major innovations in energy-saving transmission technology. These projects represent China's first and the world's first independently developed power transmission and transformation products. In addition to equipping China, TBEA is dedicated to sharing China's advanced power construction experience with the world. The company actively implements the "going global" strategy and has provided green, intelligent, and reliable energy equipment to over 60 countries and regions, including the United States, Russia, and Brazil. TBEA offers integrated turnkey projects and system solutions, covering survey, design, construction, installation, commissioning, training, operation, and maintenance. The new energy sector is essential for adjusting the national energy structure, addressing the energy crisis, and achieving harmonious development between humans and nature. Leveraging Xinjiang’s abundant coal, power, and solar resources, TBEA aims to build the "China Silicon Valley, World Silicon Valley." Over the past decade, it has become one of the top ten global producers and the second largest domestic producer of polysilicon. In the new energy engineering services sector, TBEA is now the second largest globally and the leading solar system integrator in China, offering comprehensive services in wind power, solar EPC (Engineering, Procurement, and Construction) projects, design, operation, commissioning, and maintenance. The energy industry is a crucial support for TBEA's strategic emerging industries of "One Special and Two New," and serves as the foundational guarantee for the company's dual-cycle economy industry chains in coal power and photovoltaic silicon, as well as electronic aluminum foil new materials. The aluminum electronic new materials industry is a significant strategic emerging industry promoted during the "12th Five-Year Plan," serving as a platform and guarantee for the development of electronic information, national defense, aerospace, and high-tech industries. Xinjiang Zhonghe Co., Ltd. (A-share stock code: 600888), a subsidiary of TBEA, plays a crucial role in Xinjiang's new industrialization, modern industrial system, and the development of TBEA's strategic emerging industries.