China National Heavy Duty Truck Group supplier Jiuxing Energy launches IPO on Beijing Stock Exchange, with Sinopec and PetroChina participating in the investment

2026-02-25 00:42:47

Abstract generation in progress

Rui Finance Yanminghui Recently, Shanghai Jiuxing Energy Technology Co., Ltd. (hereinafter referred to as Jiuxing Energy) completed IPO guidance filing with the Shanghai Securities Regulatory Bureau and plans to list on the Beijing Stock Exchange, with Minsheng Securities as the guiding institution.

Jiuxing Energy was established in 2014, with a registered capital of 82.7 million yuan. It mainly engages in the research, development, production, and sales of battery swapping products for heavy-duty trucks.

In terms of equity, Chairman Zhang Dongjiang directly holds 19.13% of Jiuxing Energy’s shares, and through an employee shareholding platform, holds 5.29%, totaling 24.42% of voting rights, making him the company’s controlling shareholder and actual controller.

According to the New Third Board prospectus, the company’s largest shareholder is China Power Investment Corporation, with investments from Sinopec and PetroChina.

Zhang Dongjiang, born in 1968, is 58 years old, holds a doctoral degree, and previously served as an assistant engineer, engineer, project leader, and research director at Xujix Group’s Xuchang Relay Research Institute. From July 1999 to December 2013, he was the general manager of State Grid Xujix Power Supply Co., Ltd. From March 2014 to present, he has served as the company’s chairman.

Rui Finance notes that Jiuxing Energy’s General Manager He Rongxia is a female executive who, at age 19, became deputy general manager of Three Gorges Water Conservancy Real Estate Company, demonstrating remarkable talent at a young age.

He Rongxia, born in 1970, is 56 years old with a college education. From August 1989 to September 2014, she served as deputy general manager of Chongqing Three Gorges Water Conservancy Power (Group) Co., Ltd., and concurrently as assistant general manager of Three Gorges Water Conservancy Development Co., Ltd. From September 2014 to August 2021, she was the founder and COO of China Zhicheng Credit. Since August 2021, she has been the company’s general manager.

In terms of performance, Jiuxing Energy turned profitable in 2024, with a net profit of 82.27 million yuan. Major clients include China National Heavy Duty Truck Group and FAW Jiefang.

Related company: China National Heavy Duty Truck Group (SZ 000951)

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