Inspiration 2024: Analysis of Investment and Financing, Mergers and Reorganizations in China's Power Supply Industry (with attached investment and financing events, industrial parks, and mergers and acquisitions)

1. The average financing amount in China's power supply industry is relatively large



Overall investment situation of China's power supply industry as of 2024 (unit: 100 million yuan)

According to the IT Orange Database, as of January 2024, there have been 706 financing events in China's power supply industry, with a financing amount of 109.313 billion yuan, with an average single financing amount of 155 million yuan, which is relatively large.

According to annual financing data, the financing amount of China's power supply industry reached its peak in 2021, with a total of 56 financing events and a total financing amount of 20.374 billion yuan; Among them, among the financing events that disclosed the financing amount, there were 25 financing events with a financing amount exceeding 100 million yuan, and the largest financing amount was 6.5 billion yuan. The financing amount of China's power supply industry continued to decline from 2021 to 2023. In January 2024, the financing amount of the power supply industry was 500 million yuan.

2. Investment and financing in China's power supply industry is in a growth stage

From the analysis of investment and financing rounds in the power supply industry, it is currently in the growth stage. From the distribution of investment and financing events of representative enterprises, the industry's investment and financing rounds are mainly concentrated between angel rounds and C rounds, with less financing from D round to Pre IPO, and the most distributed round being A round. In addition, there are relatively more events in the strategic investment process.

3. China's power supply investment and financing are concentrated in Shenzhen, Shanghai, and Hangzhou

From the perspective of corporate financing areas in the power supply industry, Shenzhen currently has the largest number of financing enterprises, with a total of 48 financing cases from 2019 to 2024. Among them, there were 12 financing events in 2021, and a total of 56 financing events occurred in the entire power supply industry in China in 2021, indicating that power supply investment and financing in the Shenzhen region are relatively active.

4. Industrial parks in China's power supply industry

According to incomplete statistics, as of January 2024, there are a total of 23 power supply industrial parks in China, concentrated in southern and eastern regions. There are also some industrial parks distributed in the southwest region, with less distribution in the western region. Among them, Guangdong and Henan have the highest distribution, followed by Jiangxi, Hunan, Zhejiang, and Sichuan.

5. Chinese power supply enterprises expand their scale through horizontal acquisitions

At present, there are relatively few mergers and acquisitions in the domestic power supply industry, with a total of 61 events, mainly targeting upstream or high-quality power supply enterprises in the industrial chain, accelerating industrial layout, and strengthening upstream resource control. Under years of government planning, policies for the power supply industry have gradually become clearer, and multiple supportive policies have been introduced in recent years, promoting the continuous development of the power supply industry and expanding the scale of various enterprises. Horizontal integration mergers and reorganizations will continue to emerge; When the industry develops to a mature stage, vertical integration mergers and acquisitions will also emerge.

6. Summary of Investment, Financing, Mergers and Restructuring in China's Power Supply Industry

● As of January 2024, there have been 706 financing events in China's power supply industry, with a total financing amount of 109.313 billion yuan and an average single financing amount of 155 million yuan, which is relatively large.

● As of January 2024, there are a total of 23 power supply industrial parks in China, concentrated in southern and eastern regions. There are also some industrial parks distributed in the southwest region, while the distribution in the northwest region is relatively small.

● At present, there are relatively few mergers and acquisitions in China's power supply industry, with a total of 61 acquisitions, mainly targeting upstream or high-quality power supply enterprises in the industry chain, accelerating industrial layout and strengthening upstream resource control.