On September 27, 1993, with the approval of the State Council, China Yangtze River Three Gorges Project Development Corporation was formally established; on September 27, 2009, it was renamed China Yangtze River Three Gorges Group Corporation; on December 28, 2017, the company was restructured and it was owned by the entire people Changed to a wholly state-owned company and changed its name to China Yangtze River Three Gorges Group Co., Ltd. (hereinafter referred to as the Three Gorges Group or the group). The Three Gorges Group's strategic positioning is to actively serve major national strategies such as the development of the Yangtze River Economic Belt and the construction of the “Belt and Road Initiative”, play a key role in deeply integrating into the Yangtze River Economic Belt and grasping the protection of the Yangtze River, and assume the foundation in promoting sustainable regional development. Safeguard functions, assume leading responsibilities in promoting the upgrading and innovative development of the clean energy industry, promote deepening reform of enterprises, and accelerate the establishment of a world-class multinational clean energy group with strong innovation capabilities and global competitiveness. Engineering construction and consulting, power generation and operation, watershed cascade dispatching and integrated management, international energy investment and contracting, eco-environmental protection investment and operation, new energy development and operation management, capital operation and financial business, assets are formed around the main business of clean energy Management and base services, including eight business segments. With operations in 31 provinces, autonomous regions, and municipalities across the country, and in more than 40 countries and regions around the world, it has achieved leapfrog development from the Three Gorges to the Yangtze River, from Hubei to the country, from inland to the ocean, and from China to the world, striving to achieve cleanliness. Energy and the Yangtze River eco-environmental protection "fly together on both wings". After more than 20 years of continuous high-quality and rapid development, it has become the world's largest hydropower development and operation enterprise and China's largest clean energy group. In December 2018, the Three Gorges Group was included in the list of central enterprises creating world-class demonstration enterprises. The development ideas of the Three Gorges Group are clearer, the development goals are clearer, and the development prospects are broader.
As of the end of October 2019, the controllable, equity, and total installed capacity of the Three Gorges Group reached 132 million kilowatts, of which 74.49 million kilowatts were controllable, 33.12 million kilowatts were under construction, 24.27 million kilowatts were installed, and 96% were renewable and clean. Energy and controllable hydropower installed capacity accounted for 16% of the national hydropower installed capacity. As of the third quarter of 2019, the total assets of the Three Gorges Group were nearly 817.4 billion yuan, net assets were nearly 418.5 billion yuan, and the asset-liability ratio was 48.8%. Total profit, net profit attributable to the parent company, cost and profit margin, total labor productivity, per capita profit, Indicators such as the per capita payment of profits and taxes are among the best in central enterprises.
The Three Gorges Group is fully responsible for the construction and operation of the Three Gorges Project. After more than 20 years of hard work, the preliminary design and construction of the Three Gorges Project was completed as scheduled in 2009. On April 24, 2018, General Secretary Xi Jinping visited the Three Gorges Project and delivered an important speech. General Secretary Xi Jinping pointed out that the Three Gorges Project is the most important tool in the country and was created by the hard work and self-reliance of laborers. The successful completion and operation of the Three Gorges Project has made the dream of many generations of Chinese people developing and utilizing the resources of the Three Gorges a reality, and has become an important symbol of China's development since the reform and opening up. This is an example of the superiority of our socialist system in focusing on major events, an example of the wisdom and creativity of the Chinese people, and an example of the Chinese nation's increasing prosperity and prosperity. At present, the Three Gorges Project has achieved the 175-meter experimental water storage target for 10 consecutive years, and the huge comprehensive benefits of flood prevention, shipping, power generation, and water supply have been significantly exerted. It has become increasingly important in the development of the Yangtze River Economic Belt and plays an important role in ensuring the safety of flood prevention in the basin. , Shipping security, water supply security, ecological security, and China's energy security play an increasingly important role. Since the impoundment operation in 2003, the Three Gorges Reservoir has implemented a total of 51 flood blocking operations, and has twice blocked over 70,000 m3 / s of mega flood peaks, providing a strong safety barrier for the people's production and life in the middle and lower reaches of the Yangtze River. The freight volume of the Three Gorges Ship Lock has reached 1.377 billion tons over the years, of which the actual freight volume of the Three Gorges Shiplock has exceeded 100 million tons in 6 years, which is six times the annual maximum freight volume of 18 million tons in this section before the Three Gorges impoundment in 2003. The land has promoted shipping along the river and economic and social development. The cumulative power generation of the Three Gorges Power Plant over the years has exceeded 1.2 trillion kilowatt hours, which is equivalent to saving about 590 million tons of raw coal consumption, reducing carbon dioxide emissions by about 1.18 billion tons, and reducing sulfur dioxide emissions by more than 11.8 million tons. Hundred billion kilowatt-hours, creating an annual power generation record for a single hydropower station in China. As of the end of September 2019, the Three Gorges Reservoir has replenished 266.4 billion cubic meters of water for the downstream, effectively alleviating the shortage of water for production and living in the middle and lower reaches of the Yangtze River.
According to national authorization, the Three Gorges Group is also responsible for the development, construction and operation of four world-class mega-cascade hydropower stations in Xiluodu, Xiangjiaba, Wudongde, and Baihetan downstream of the Jinsha River. Among them, the Xiluodu and Xiangjiaba hydropower stations have installed capacity of 13.86 million kilowatts and 6.4 million kilowatts respectively. All the units have been completed and put into operation in 2014. The designed installed capacity of Wudongde Hydropower Station was 10.2 million kilowatts. The project has passed the state in December 2015. Approved and fully entered the construction phase of the main project; the designed installed capacity of Baihetan Hydropower Station is 16 million kilowatts. The project has been approved by the state in July 2017 and has entered the construction phase of the main project. In 2020, the two power stations of Wudongde and Baihetan will be completed and put into operation. At that time, five of the top 10 hydropower stations in the world will be in the Three Gorges Group; more than 2/3 of the world ’s hydropower generating units of more than 700,000 kilowatts will be in the Three Gorges. Group; the world's only 16 hydropower generating units with a single capacity of 1 million kilowatts are in the Three Gorges Group.
The Three Gorges Group conscientiously fulfills the responsibilities and missions given by the state to play a leading role in the collective protection of the Yangtze River. It actively builds an eco-environmental protection business segment, accelerates the establishment of physical institutions, strengthens technical support, and increases capital investment. The entry point is to implement a number of pilot projects in pilot cities. As of October 2019, the five major business platforms have all been established (established), the Yangtze River Ecology Environmental Protection Group Co., Ltd. has been established in Wuhan, the management structure is constantly improved, and the decision-making system is standardized; the Yangtze River Ecology and Environmental Engineering Research Center has been physically operated; including scientific research, The Yangtze River Eco-Environmental Protection Industry Alliance, which has more than 50 companies including design, construction, operation and finance, participated in the establishment; the first 2 billion yuan Yangtze River Eco-Environmental Protection Special Fund has been established; the Yangtze River Green Development Investment Fund has been established in Yichang. In total, the Yangtze River Protection has been fully rolled out, with a total investment of 40.8 billion yuan for projects that have already landed. Four pilot cities, including Jiujiang, Yichang, Wuhu, and Yueyang, have begun their pilot work, and 37 sub-projects are under construction. Actively promote the second phase of the pilot city project; the second batch of 12 cooperating cities and counties have all been docked. Among them, Chongqing and Wuhan areas have made important progress. The Chongqing area has initially clarified the scope, construction nodes and goals, and the total investment has exceeded 40 billion yuan. The Wuhan region actively promotes the "one lake, one river, one system, one new city, one ecological complex" and "capital +" models, with a total investment of more than 60 billion yuan; the total investment of projects being promoted and planned exceeds 185 billion yuan.
The Three Gorges Group also actively develops new energy businesses such as wind power and solar energy, strives to build new energy business as the group's second main business, and is committed to becoming a leader in offshore wind power. As of October 2019, the Three Gorges Group's domestic new energy business covers 31 provinces, municipalities, and autonomous regions. The scale of production and installation under construction exceeded 11 million kilowatts, of which offshore wind power production, construction and proposed projects reached 8.97 million kilowatts. On the 17,000 km coastline from Dalian Zhuanghe to Yangjiang, Guangdong, it has more than 9.2 million kilowatts of high-quality offshore wind power resources.
The Three Gorges Group is following the national “Belt and Road” construction, accelerating the pace of “going global”, and striving to build an upgraded version of China ’s hydropower industry “going global”. As of the end of 2018, the Three Gorges Group's overseas investment and contracting business has covered more than 40 countries and regions in Europe, the Americas, Africa, and Southeast Asia. Overseas investment has exceeded 70 billion yuan, overseas assets have exceeded 130 billion yuan, and the size of overseas controllable and equity installations has exceeded 17 million. Kilowatts; the Three Gorges Group is the largest shareholder of Portugal's power company, the holder of Germany's largest offshore wind power project, and the second largest private power company in Brazil.
The Three Gorges Group adheres to the spirit of the Three Gorges Group in the new era of serving the country, benefiting the people, respecting life, respecting nature, seeking truth and being pragmatic, pioneering and innovating, openness, tolerance, cooperation and win-win, honesty, integrity and integrity. The principle of power stations, driving one's economy, improving an environment, and benefiting a group of immigrants, actively fulfills the central corporate social responsibility. While giving full play to the ecological benefits of flood control and disaster reduction, water resources protection, energy saving and emission reduction of the cascaded hubs of the river basin, through engineering measures, technical means and scientific dispatch, we strive to achieve a unified ecological, social and economic benefits of clean energy development. At the same time, the Three Gorges Group also actively participates in social welfare activities such as targeted poverty alleviation, targeted poverty alleviation, counterpart support, joint construction of enterprises and land, assistance to Xinjiang and Tibet, and continuously promotes the development of hydropower and the stability and prosperity of migrants, ecological environmental protection and local economic and social development Coordinate and strive to make the results of the company's reform and development benefit more people.
In 2010, the Three Gorges Group established a board of directors and established a standardized board system. In 2012, the State Council sent a supervisory board to the Three Gorges Group. In terms of internal organization, the Three Gorges Group currently has a group office (party group office, board of directors office), comprehensive management department, strategic development department, asset finance department, human resources department, technology and information department (new energy office), and environmental protection. Department, Quality and Safety Department, Enterprise Management Department, Legal Affairs Department, Audit Department, Party and Mass Work Department (Party Group Propaganda Department, Trade Union Work Department, Direct Party Committee Office, Direct Discipline Inspection Office), Party Group Inspection Office, Engineering Construction Management Department, Electric Power 17 functional departments including the Production and Marketing Department, International Business Department, Purchasing and Materials Management Department, and the Group's Discipline Inspection and Supervision Team; there are two ad hoc agencies including the Basin Hub Operation Management Center (Three Gorges Hub Construction Operation Management Center) and the Resettlement Office There are 7 directly-affiliated institutions including the Group Company Development Research Institute, the Group Company Party School, the Group Company University and the Group Company Audit Center, the News Brand Center, the Information Center, and the Dam Safety Supervision and Management Center; it has a comprehensive energy branch, a Fujian branch Company, Tibet Branch, Chongqing Branch, Guangdong Branches and other 5 branches; a total of 20 wholly-owned and holding subsidiaries, including 2 listed companies. As of October 2019, the number of employees in the entire domestic group exceeded 24,000, 2 academicians of the Chinese Academy of Engineering, 3 national candidates for the tens of millions of talents project, 3 national outstanding contribution experts, 1 "hundred outstanding craftsmen", 116 experts enjoyed special government allowances.
Among the wholly-owned and holding subsidiaries, China Three Gorges Construction Management Co., Ltd. is the main body of the group's hydropower project construction management, and is positioned to provide customers with project solutions, project construction, engineering consulting, professional technical services and other system solutions. Consulting company; China Yangtze Power Co., Ltd. is a listed company holding the group company and the main body of the group's power production and operation. It is mainly responsible for the power production and operation management of the Three Gorges-Gezhouba, Xiluodu-Xianjiaba cascade power stations; Three Gorges International Energy Investment Group Co., Ltd. is the main body for the development of the international clean energy investment business of the Group; China Three Gorges New Energy (Group) Co., Ltd. is the implementation platform for the group companies to build wind power, solar energy and "offshore wind power leader" strategies, mainly engaged in domestic wind power and solar energy, etc. New energy development; Changjiang Eco-Environmental Protection Group Co., Ltd. is mainly responsible for fulfilling its mission of playing the main role in the protection of the Yangtze River. Hubei Energy Group Co., Ltd. is a listed company holding the group and is mainly responsible for Hubei District. Comprehensive energy development and energy supply guarantee in Hubei Province; China Water Resources and Electricity Co., Ltd. is mainly engaged in international engineering contracting and small and medium-sized energy power investment business; Three Gorges Base Development Co., Ltd. provides service guarantee and efficient management for the Group's project bases (campgrounds). Unified platform, which mainly provides integrated logistic support services for the group and its subsidiaries, and provides professional auxiliary production services for engineering construction and power generation; Three Gorges Capital Holdings Co., Ltd. is the group's main body engaged in capital operations and investment mergers and acquisitions, and is positioned as the group's finance Investment management platform and incubator for new business; Shanghai Survey and Design Institute is a comprehensive design institute focusing on water conservancy, hydropower, new energy, and environmental engineering. It is mainly engaged in engineering survey, design, and consulting business; Three Gorges Finance Co., Ltd. It is a non-bank financial institution that provides services to the Group and its affiliates; Three Gorges Assets Corporation is a professional platform for the group's auxiliary business asset disposal, operation and revitalization; Three Gorges International Tendering Co., Ltd. is mainly engaged in international and domestic bidding agents and contract enforcement Line business.
Entering the new era, the Three Gorges Group, guided by Xi Jinping's new era of socialist ideas with Chinese characteristics, earnestly enhanced the "four consciousnesses", always adhered to the "four self-confidences", and firmly maintained the core position of General Secretary Xi Jinping at the Party Central Committee and the whole party. Maintain the authority and centralized and unified leadership of the Party Central Committee with Comrade Xi Jinping as the core, resolutely implement the spirit of the 19th National Congress of the Communist Party of China, actively implement the concept of new development, and in-depth implementation of the important announcement made by General Secretary Xi Jinping during his inspection of the Three Gorges Project and the Three Gorges Group The spirit of the speech further optimized and improved the reform and development strategy of the group company: that is, actively serving the "six strategies", namely the development of the Yangtze River Economic Belt, the construction of the "Belt and Road", the coordinated development of the Beijing-Tianjin-Hebei region, the energy revolution, the manufacture of a strong country, and the strategy of fighting poverty. Actively build "six major platforms", namely the Yangtze River Basin water resources development and reservoir group joint operation and dispatch platform, jointly grasp the Yangtze River protection project implementation platform, lead the Chinese hydropower industry's "going out" platform, offshore wind power and other large-scale development of new energy Platform, industry-finance docking platform in the field of clean energy, and poverty alleviation and development platform in hydropower engineering reservoir area. Give full play to the "six roles", that is, play a fundamental role in promoting the development of the Yangtze River Economic Belt, play a key role in the protection of the Yangtze River, and play a leading role in leading China's hydropower "going global" and in promoting clean energy It plays a leading role in industrial upgrading, plays an exemplary role in deepening the reform of state-owned enterprises, and plays an exemplary role in fulfilling corporate social responsibility. Properly handle the "three relationships", that is, properly handle the relationship between economic and social benefits, properly handle the relationship between operating functions and public welfare functions, properly handle the relationship between market-based operations and fulfilling social responsibilities, and ensure that Unity of political, economic and social benefits. Efforts to achieve the "Three Leaders", that is, leading global hydropower, becoming a leader in the sustainable development of the global hydropower industry, leading Chinese hydropower to "go global", becoming a leader in the "going global" of China's hydropower industry chain, leading offshore wind power, Become a leader in innovative development of new energy such as offshore wind power. Efforts to complete the "five major transformations", that is, the transformation from major construction projects to real market entities, from a single hydropower company to a world-leading clean energy group, and from a domestically oriented domestic and international clean energy multinational group company, From "building the Three Gorges and developing the Yangtze River" to "managing the Three Gorges and protecting the Yangtze River", from a great project to a great enterprise. Actively extend to both ends, that is, to promote the company's industrial chain to develop and protect water resources, and to distribute electricity at the two ends, contributing to the protection of China's fresh water resources and the reform of the power system and the reform of mixed ownership. Strive to initially build a world-class clean energy group with global competitiveness by the end of the 13th Five-Year Plan.