Jidian Power and CCCC Capital Deepen Strategic Cooperation to Jointly Build a Green Hydrogen-Based Energy Financial Ecosystem

On September 5, Jilin Electric Power Co., Ltd. (Jilin Power) and CCCC Capital Holdings Co., Ltd. (CCCC Capital) held high-level talks in Beijing, conducting strategic alignment around the deep integration of "finance + energy." Both parties agreed to leverage Jilin Power's global green hydrogen-based energy platform and CCCC Capital's professional financial capabilities to establish a capital operation benchmark for the entire industry chain of "green electricity — green hydrogen — green ammonia/methanol/aviation fuel."

Cooperation Background and Industrial Layout:

As a leading hydrogen energy enterprise under SPIC, Jilin Power has built an integrated industrial matrix of "wind and solar power, hydrogen, energy storage, and vehicles." Its world's largest single green ammonia project—the Da'an Wind-Solar-Green Hydrogen-Ammonia Integration Demonstration Project—commenced operation in July 2025, with an annual output of 180,000 mt of green ammonia certified by the EU's low-carbon standards. Products have already been shipped to markets in Japan and South Korea, as well as Europe. Meanwhile, strategic demonstration projects such as the Taonan Wind Power-Biomass Green Methanol Project and the Lishu Green Aviation Fuel Project are accelerating, forming a closed-loop capability in "hydrogen production — storage and transportation — chemical conversion."

CCCC Capital, with green finance at its core, has achieved significant results in clean energy investments in recent years: in August 2025, it completed the investment in CGN's 3 million kW wind power base in Inner Mongolia, reducing annual CO2 emissions by 8.02 million mt. Earlier, it issued 1.9 billion yuan in green asset-backed securities (ABS), innovating financing models in the ecological and environmental protection sector. Its dual-drive model of "industrial funds + direct project investment" naturally complements Jilin Power's full hydrogen industry chain.

Cooperation Pathways and Core Areas:

Project Financing Innovation:
The two parties will design "equity-debt hybrid" financing solutions for projects such as the second phase of Da'an Green Ammonia and Taonan Green Methanol. CCCC Capital plans to provide low-cost funding support to Jilin Power through tools such as carbon-neutral funds and green credit. Drawing on its investment logic for the Inner Mongolia wind power project, the financing scale for a single project is expected to reach 2-3 billion yuan, with funding costs 1.5-2 percentage points lower than traditional models.

Capital Operation Synergy:
CCCC Capital will participate in the mixed-ownership reform of Jilin Power's hydrogen equipment subsidiary to promote its spin-off listing. It will also explore the securitization of green hydrogen assets, drawing on the experience of CCCC Dredging's green ABS, to package Jilin Power's hydrogen production equipment and hydrogen pipeline networks into REITs, potentially revitalizing over 5 billion yuan in existing assets.

Technology Transfer and Empowerment:
A joint "Hydrogen Energy Technology Innovation Fund" will be established to focus on breakthroughs in bottleneck technologies such as solid-state hydrogen storage and hydrogen fuel cells. Jilin Electric Power's solid-state hydrogen storage device has been validated in the Da'an project (with a capacity of 48,000 standard cubic meters). CCCC Capital will accelerate its commercial application through industrial funds, aiming to achieve a 30% cost reduction by 2027.

Strategic Significance and Industry Value:

This collaboration represents an upgraded version of the "energy entity + financial capital" model. Leveraging CCCC Capital's capital operation capabilities, Jilin Electric Power can expedite the global deployment of its green hydrogen industry chain. Its "Hydrogen Hyglobal" brand plans to establish a 10-billion-yuan-level liquid hydrogen industrial cluster by 2027, while CCCC Capital enters the hydrogen energy sector, expanding green financial service scenarios. Both parties plan to replicate the "Jilin Electric Power hydrogen production + CCCC Capital financing" model in hydrogen hub cities such as Yulin and Ordos, forming a cross-regional hydrogen energy financial ecosystem.

Notably, Jilin Electric Power previously introduced CCCC Capital as a strategic investor through a private placement (in November 2024, raising 4.252 billion yuan, with CCCC Capital as a key participant). This meeting signifies the deepening of their relationship from financial investment to strategic synergy. By 2028, the collaboration is expected to contribute 25% of Jilin Electric Power's revenue while helping CCCC Capital's green finance business exceed 100 billion yuan, setting an exemplary model for central state-owned enterprise industrial-financial integration.