KongSun Holdings

What KongSun Holdings does

Kong Sun Holdings Limited (江山控股有限公司) is a Hong Kong-listed investment holding company (HK.00295) that operates across three pillars: clean energy, green finance, and asset management. The company was founded in 2014 and entered the solar power generation industry that same year; as of December 2018 it operated 48 grid-connected solar power plants with 1,789.3 MW of installed capacity distributed across 14 Chinese provinces (Xinjiang, Shaanxi, Gansu, Anhui, Zhejiang, Jiangxi, Hebei, Inner Mongolia, Hubei, Shandong, Jiangsu, Henan, Shanxi, and Qinghai), positioning it among the top solar power generation enterprises in China. The clean energy stack includes centralized ground-mounted plants, distributed solar generation systems, and agricultural-photovoltaic co-location projects (agricultural, tea, and fishery complementary power plants), with operations and maintenance delivered via subsidiary Beijing Xintai Green Energy Technology using a "technology + services + new energy" model that leverages big data for operational services.

The financial services segment is delivered through wholly-owned and majority-owned subsidiaries covering financial leasing (Kong Sun Baoyuan International Financial Leasing, serving solar plants, power batteries, new energy vehicles and precious metal processing), internet microfinance (Guangzhou Baoqian Microfinance), private equity fund management (Guangzhou Yingan Equity Investment Fund), commercial factoring (Tianjin Baokun Commercial Factoring), and asset management (Kong Sun Guojin Asset Management). The company also holds minority equity stakes in two licensed banks — Jingu Rural Commercial Bank and Bank of Jinzhou — providing additional financial exposure. Revenue is generated through usage-based solar generation sales, financial transaction fees, and managed services across the asset management and fund platforms. The group is headquartered in Hong Kong (Wanchai) with operational headquarters in Beijing, is led by Chairman Jiang Hengwen (joined 2019, Chairman since November 2022), and has Executive Directors Li Guo (joined March 2024), Hua Min, and Liu Ying overseeing the operating subsidiaries.

Name

KongSun Holdings

Legal name

Kong Sun Holdings Limited (江山控股有限公司)

Website

https://kongsun.com

Company type

Public

Founded year

2014

Operating status

Operating

Short description

Kong Sun Holdings is a Hong Kong-listed investment group operating grid-connected solar power plants (1,789.3 MW across 14 Chinese provinces as of December 2018), green financial services including leasing, microfinance, PE funds and factoring, and an asset management platform serving clean energy and adjacent industry investments.

Ownership category

akta.pro rank

Product category

Solar Power Generation & Renewable Energy Investment

NAICS

Offices of Other Holding Companies (551112), Portfolio Management and Investment Advice (523940), Management of Companies and Enterprises (551)

SIC

Investment Advice (6282), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Renewable Energy Infrastructure (FSAAAKAG)

Keywords

• Solar power generation
• Photovoltaic plant operations
• Green financial services
• Asset management services
• Renewable energy investment

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Solar Power Generation: Revenue generated from operating grid-connected solar power plants. The company invested heavily in solar PV starting in 2014, operating centralized and distributed solar power plants across 14 provinces in China with installed capacity of 1789.3 MW as of December 2018.
2. Banking Investments: Equity investments in licensed financial institutions including Jingu Rural Commercial Bank and Bank of Jinzhou Co., Ltd. providing banking business revenue through equity participation.
3. Financial Leasing: Financial leasing business through Kong Sun Baoyuan International Financial Leasing Limited, operating in solar power plants, power batteries, new energy vehicles, and precious metal processing manufacturing sectors.
4. Internet Microfinance: Internet microfinance services through Guangzhou Baoqian Microfinance Limited, providing credit, guarantee, mortgage, and pledge financing to individuals and enterprises with good credit standing.
5. Private Equity Fund Management: Private equity investment fund management through Guangzhou Yingan Equity Investment Fund Limited, engaging in equity investment and investment management services.
6. Commercial Factoring: Commercial factoring services through Tianjin Baokun Commercial Factoring Limited, providing trade financing through accounts receivable transfer and settlement, management and collection services.
7. Asset Management: Asset management services through Kong Sun Guojin Asset Management Limited, including industry funds, M&A funds, venture capital funds, and overseas investment for strategic transformation from clean energy to comprehensive investment group.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

KongSun Holdings is an investment holding company that develops, invests in, and operates grid-connected solar photovoltaic power plants across 14 provinces in China (1,789.3 MW installed capacity across 48 plants as of December 2018). It complements this clean energy core with green financial services including banking equity investments, financial leasing, internet microfinance, private equity fund management, commercial factoring, and asset management, pursuing a production-finance integration strategy.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Power Generation Investment, development, ownership and operation of grid-connected centralized ground-mounted and distributed solar photovoltaic power plants across China, generating electricity sales revenue. As of December 2018, capacity stood at 1,789.3 MW across 48 plants in 14 provinces.
• Solar Power Plant Operations and Maintenance Services Operations and maintenance services for solar power plants delivered through Beijing Xintai Green Energy Technology Limited using a 'Technology + Services + New Energy' concept and big data analytics for value-added operational services.
• Banking Equity Investments

Quantifiable outcome

• 1789.3 MW grid-connected solar power plant capacity as of December 2018
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• CGN New Energy Holdings Co., Ltd. Hong Kong-listed Chinese renewable energy IPP that develops, owns, and operates solar and wind power plants in China — directly comparable to KongSun's core solar generation and asset-ownership model.
• Huaneng Renewables Corporation Limited: Formerly HK-listed flagship renewables IPP of China's Huaneng Group, historically the most relevant large-scale Chinese solar IPP peer before its absorption; sets the benchmark scale and provincial footprint that KongSun's 1.8 GW base targets.
• Xinyi Energy Holdings Limited: HK-listed pure-play solar farm operator and IPP in mainland China, the most direct comparison point for KongSun's grid-connected solar power generation business across multiple provinces.
• GCL Energy Technology Co., Ltd. Shenzhen-listed Chinese solar and energy developer that develops and operates distributed and centralized solar plants, offering the closest A-share-listed analog to KongSun's solar IPP franchise.
• Concord New Energy Group Limited: HK-listed Chinese wind and solar power IPP operating utility-scale plants across provinces, mirroring KongSun's distributed renewable generation and operating business model.

Broad incumbents

• Beijing Enterprises Holdings Limited: Diversified Hong Kong-listed Chinese holding group spanning infrastructure and environmental services, structurally analogous to KongSun's multi-segment holding-company structure with both operating businesses and financial/asset management arms.
• China Power International Development Limited: Large HK-listed Chinese IPP with a significant renewable energy subsidiary; competes in the same utility-scale solar market but operates from a state-owned utility parent and broader portfolio of thermal and renewable assets.
• China Everbright Limited: Hong Kong-listed Chinese cross-border investment and asset management holding company with a comparable institutional-investor/cross-sector holding structure, providing a model for how KongSun's PE and asset management subsidiaries could be packaged.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KongSun Holdings