On January 5, 2017, China Capital Management and Yingherui held a signing ceremony for increasing investment. China Capital Management Co., Ltd. is an equity investment platform of China Securities (HK.6066), which is a first-class securities trader in China. China Capital Management manages two special funds for environmental protection, namely the Capital Water Environment Treatment Technology Innovation and Industrial Development (Beijing) Fund (RMB 1 billion) and Jiangsu Zhongmao Energy Conservation and Environmental Protection Industry Venture Capital Fund Partnership (RMB 500 million). The two funds jointly invest in Beijing Yingherui Environmental Technology Co., Ltd. (hereinafter referred to as Yingherui) at the amount of RMB 50 million.
China Capital Management chooses to cooperate with Yingherui at the time of Yingherui’s entry into a new development stage. This investment has the following three highlights:
1. As an industry with great development potential in the field of biomass energy, the biogas industry is currently about to achieve explosive development. Yingherui ranks top three in terms of its performance in biological biogas engineering;
2. As China’s first enterprise introducing foreign enamel assembled tank technology, Yingherui currently ranks the top in the enamel assembled tank industry and has huge future development space;
3. In line with the development trend of the industry, Yingherui has begun to engage in biological biogas investment and operation and will gain rapid development in the future.
China Capital Management has invested in over 40 high-quality enterprises in energy conservation and environmental protection, biomedicine, information technology, cultural communication and other industries. Among them, six enterprises are listed in the A-share market, and 16 are listed in the New OTC Market. In terms of enterprises in the field of energy conservation and environmental protection, there are over 10 enterprises including Genmoor (300334.SZ), Yangde (836684.OC), GreenNovo (836446.OC), KingTrol Data (834268.OC), Jingyuan Environmental Protection (831540.OC), Nanjing Kaimi Technology, Suzhou Koovine, Beijing Yingherui, Jiangsu Dadi Benesource, etc.
The Capital Water Environment Treatment Technology Innovation and Industrial Development (Beijing) Fund relies on Beijing Water Fund Management Co., Ltd. initiated by the Capital Water Environment Treatment Industry Alliance. Beijing Water Fund Management Co., Ltd. was established with the initial fund of RMB 1 billion raised by China Capital Management, Beijing Water Investment Center, Beijing Drainage Group Co., Ltd., Beikong Zhongkecheng Environmental Protection Group Co.,Ltd., Beijing Capital Co., Ltd., China National General Machinery Engineering Corporation, Scimee Sci. & Tech. Co., Ltd. and Beijing OriginWater Technology Co., Ltd. It gives priority to investment in the relevant fields of water environment treatment in Beijing, Tianjin and Hebei.
Founded in 2005, Yingherui is a national high-tech enterprise focusing on recycling of urban and rural organic wastes. It conducts the main businesses including R&D, production and sales of enamel assembled tanks and general contracting of biogas projects, and is preparing for the implementation of biogas investment and operation business. Yingherui achieved the revenue of RMB 170.72 million and net profit of RMB 19.76 million in 2015, and is expected to achieve the revenue of RMB 210 million and net profit of about RMB 25 million in 2016.
