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Selling electricity

Kunshan Yangming Electromechanical Engineering Co., Ltd. was established on January 26, 2007, located in the Economic and Technological Development Zone of Kunshan City, Jiangsu Province. It is a centralized electricity sales service company; Electric power engineering; Mechanical and electrical equipment engineering construction; Network engineering; A comprehensive power service enterprise that integrates hydropower, HVAC engineering construction, 110KV external line production, and 110KV and below distribution room power engineering installation, especially in the field of electricity sales, has achieved remarkable results.

Since 2002, the State Council has issued the 'Power System Reform Plan', achieving the goal of separating power plants from the grid. Two major power grid companies, State Grid and Southern Grid, as well as five major power generation groups, including Huaneng, Datang, Huadian, Guodian, and China Power Investment, have been established, forming a fully competitive market pattern on the power generation side. Over the years, the country's power system reform has never slackened its pace.

On March 15, 2015, the State Council issued the document 'Several Opinions of the Central Committee of the Communist Party of China and the State Council on Further Deepening the Reform of the Electric Power System' (Zhong Fa [2015] No. 9), marking the official sound of the new stage of reform in the electric power system. This reform involves multiple links in the power industry, including power generation, sales, and consumption, covering the orderly opening up of competitive electricity prices and the establishment of a sound market-oriented mechanism for energy pricing. Break the monopoly pattern of the distribution electricity market and allow social capital to enter. Gradually reduce the scope of power generation and consumption plan control, and only retain electricity plan control with public welfare and regulatory nature.

Electricity sales - as an emerging industry emerged under the pace of power system reform, electricity sales companies are located in the middle of the industry chain, connected to energy suppliers and power grid transmission and distribution enterprises on the supply side, and serving multi-dimensional customers such as industry, commerce, and residents on the user side. Electricity sales business has become a hot topic of discussion in the power industry. According to incomplete statistics, as of the end of 2017, more than 6000 electricity sales companies had been registered and established nationwide. The reform of the electricity sales side plays a very important role in this round of reform, serving as a benchmark for measuring the effectiveness of the reform and undoubtedly related to the development of the entire energy sector in China.

Kunshan Yangming Electromechanical Engineering Co., Ltd., as an independent power distribution enterprise established by private capital, has been focusing on developing power sales business since its inception. It has signed contracts with more than 900 enterprises, including 'Wanguo Data Technology Development Co., Ltd.', 'Kunshan Qiu Titanium Microelectronics Technology Co., Ltd.', 'Kunshan Liantao Electronics Co., Ltd.', 'Kunshan Dingxin Electronics Co., Ltd.', and 'Qiaoxing Packaging Industry (China) Co., Ltd.'. Our company promises to continue to adhere to the principle of 'prioritizing customer interests' and 'serving customers wholeheartedly', timely grasp the current politics, knowledge, industry trends, and market trends of the electricity reform, and on the basis of fully understanding the electricity consumption patterns of customers, customize the optimal electricity purchase and sales plan for each customer, and move towards greater goals in the coming year, Expand a larger business landscape in Kunshan, a region with superior geographical location and a favorable investment environment.

The company became the first batch of electricity sales companies in Shanghai in 2020 and established an office in Jiading District, Shanghai. So far, it has signed contracts for nearly 2 billion kilowatt hours of electricity. (Attached below is the performance report of our company's electricity sales business)


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