Southern Network Technology plans to acquire a 100% stake in Guangzhou Yuenergy Electric Power Technology Development Co., Ltd. for 445 million yuan in cash, further consolidating testing and inspection assets within the China Southern Power Grid system. Yuenergy Electric Power is a leading provider of power-source-side and grid-side testing and inspection services in the Guangdong region, achieving operating revenue of 247 million yuan and net profit of 43.0741 million yuan in 2025. Southern Network Technology stated that testing, inspection, and commissioning services are one of its main businesses, and this acquisition aligns with its strategy of expanding performance scale and market influence through external mergers and acquisitions, helping to resolve horizontal competition and strengthen its market position in the Guangdong region. The transaction has received approval from the state-owned assets regulatory authority and still requires submission to the shareholders' meeting for deliberation. In addition, the four domestically listed platforms under China Southern Power Grid — Southern Network Energy, Southern Network Technology, Southern Network Energy Storage, and Southern Network Digital — have all proposed implementing interim dividends, advancing asset integration and shareholder returns simultaneously.
China Southern Power Grid Technology Co LtdAcquiring Yuenergy Electric Power for 445 million yuan expands testing and inspection business, resolving horizontal competition and strengthening Guangdong market position.
China Southern Power Grid Energy Efficiency & Clean Energy Co Ltd
Yunnan Wenshan Electric Power Co Ltd