Xiongan Kerong Environment Technology

What Xiongan Kerong Environment Technology does

Xiong'an New Power Technology Co., Ltd. (雄安新动力科技股份有限公司), formerly Kerong Environment Technology Co., Ltd. and Xiongan Kerong Environment Technology Co., Ltd., is a publicly listed Chinese environmental technology company trading on the Shenzhen Stock Exchange ChiNext board under stock code 300152. Founded on 2003-06-17 with 712.8 million RMB registered capital and 101-250 employees, the company is headquartered in the Xiong'an New Area of Hebei Province — it was the first environmental protection listed company to establish its headquarters in this nationally prioritized new area. It operates through a wholly-owned subsidiary, Xuzhou Combustion Control Research Institute Co., Ltd. (100 million RMB registered capital, founded 2003), which serves as the core R&D and manufacturing platform. The company was renamed from Kerong Environment to its current identity in August 2022 to reflect a strategic pivot toward new energy and clean power technologies.

The company operates across six core business segments: energy-saving combustion, thermal engineering, hydrogen fuel cell catalysts, water and water environment management, comprehensive environmental management, and solid waste treatment. Its underlying technology centers on energy-saving combustion and combustion control systems (plasma oil-free ignition, dual-enhanced low-oil ignition, fluidized bed boiler start-up burners, low-nitrogen burner retrofits), hydrogen fuel cell catalyst R&D, flue gas and waste liquid incineration systems, and water/wastewater treatment processes. The company holds 33 national invention patents, participates in the National 863 Program and Torch Plan, maintains a post-doctoral research workstation, and has received the National Science and Technology Progress Award for fuel control technology. It also holds Grade A qualification for operating environmental pollution control facilities, Level 1 environmental engineering contracting qualification, pressure vessel design and manufacturing qualifications, and boiler A-level component manufacturing certification.

The revenue model is primarily project-based, generated through public tendering for EPC contracts and equipment supply agreements with industrial clients (thermal power plants, refineries, chemical plants, distilleries) and government entities. Revenue streams include one-time equipment sales, engineering services and consulting, and a build-lease-transfer model for industrial production lines (e.g., the 9-year Henan Grain alcohol production line lease). Pricing is determined through public bidding rather than list pricing. Named customers include Sinopec (strategic hydrogen cooperation), Henan Grain Investment Group, Shanghai Hetu Engineering for the Russian Irkutsk Oil Company torch project (32.35 million RMB), the Xiong'an New Area Management Committee (rural environmental treatment for 160,000 people), Beijing Zhongqing Huanyu Hydrogen Energy (JV for refueling stations), and various coal-fired power plant operators. FY2021 revenue was 176.4 million CNY with H1 2022 revenue of 103 million CNY (up 20.59% YoY), and the company achieved its first positive non-GAAP net profit since 2014 in 2020 at 12.99 million CNY.

Name

Xiongan Kerong Environment Technology

Legal name

Xiong'an New Power Technology Co., Ltd. (雄安新动力科技股份有限公司)

Website

https://kre.cn

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

Xiong'an New Power Technology Co., Ltd. (Shenzhen Stock Exchange: 300152) is a Chinese environmental technology company providing energy-saving combustion systems, hydrogen fuel cell catalysts, water treatment, and solid waste solutions to industrial clients, government entities, and SOE partners across six core segments.

Ownership category

akta.pro rank

Product category

Environmental Protection Equipment and Combustion Systems

NAICS

Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA)

Keywords

• Energy-saving combustion systems
• Environmental protection equipment
• Hydrogen fuel cell catalysts
• Water environment treatment
• Solid waste incineration

Headquarters

HQ city

Baoding

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Equipment Sales (EPC/Project-Based): The company generates revenue primarily through design, manufacturing, sales, and installation of combustion systems, environmental protection equipment, and hydrogen energy products. Revenue is project-based, derived from public bidding on EPC contracts and equipment supply agreements for industrial clients and government projects. The company also uses a build-lease-transfer model, as seen in the Henan Grain Group partnership.
2. Engineering Services and Consulting: Revenue from engineering design, technical consulting, and project management services related to environmental治理, combustion optimization, and EPC projects.
3. Long-term Asset Investment Model: The company invests in building production lines (e.g., alcohol production lines), which are then leased to clients over a defined period (e.g., 9 years) with ownership transferring upon full payment. This provides recurring rental income over the contract term.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

The company designs, manufactures, and installs energy-saving combustion systems, environmental protection equipment, and hydrogen energy products for industrial and government clients. It operates through six business segments: energy-saving combustion, thermal engineering, hydrogen fuel cell catalysts, water and water environment management, comprehensive environmental management, and solid waste treatment. Revenue is generated primarily through EPC contracts, equipment supply agreements, and engineering services secured via public tendering.

Product overview

Xiongan Kerong Environment Technology (雄安新动力科技股份有限公司) operates as an integrated environmental protection technology company listed on the Shenzhen Stock Exchange (Stock Code: 300152). The company offers a comprehensive portfolio of six core business segments: Energy Saving Combustion, Thermal Engineering, Hydrogen Fuel Cell Catalyst, Water and Water Environment Management, Comprehensive Environmental Management, and Solid Waste Treatment. The company specializes in high-tech environmental protection solutions spanning clean energy, combustion optimization, hydrogen technology, water treatment, waste management, and ecological remediation. The company also maintains a wholly-owned subsidiary, Xuzhou Combustion Control Research Institute Co., Ltd., which serves as the core technology platform for combustion control products and R&D.

Differentiator

Problem solved

Functional benefit

Products and services

• Energy-Saving Combustion Systems (节能燃烧) Energy-saving combustion technology and equipment for industrial boiler applications, including plasma oil-free ignition systems, double-strong low-oil ignition systems, and fluidized bed boiler start-up burners, for industrial clients operating coal-fired boilers and combustion equipment.
• Thermal Engineering Solutions (热能工程) Engineering services and equipment for thermal energy systems, combustion control, and boiler optimization solutions for industrial clients.
• Hydrogen Fuel Cell Catalyst (氢燃料电池催化剂) Research and development of hydrogen fuel cell catalyst technology for clean energy applications, targeting hydrogen fuel cell applications and renewable energy infrastructure.
• Water and Water Environment Management (水利及水环境治理) Water treatment, sewage management, and water environment remediation services for government and industrial clients, including rural sewage systems and drainage infrastructure.
• Comprehensive Environmental Management (环境综合治理) Integrated environmental governance solutions covering air pollution control, waste gas treatment, and comprehensive ecological remediation projects for industrial and government clients.
• Solid Waste Treatment (固体废弃物处理) Solid waste disposal and treatment services, including waste incineration power generation and hazardous waste treatment solutions for industrial and government clients.
• Waste Gas and Waste Liquid Incineration System (废气废液焚烧系统) Industrial waste gas and liquid incineration equipment with mature technology for hazardous waste disposal in the complete industrial chain, serving chemical and petrochemical clients.

Quantifiable outcome

• Energy-saving combustion in-hand orders increased 167% year-over-year to 15,942万元 in H1 2021 vs 5,978万元 in H1 2020
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered major, minor and core.

• Henan Grain Investment Group Su County Agriculture Co., Ltd. (豫粮集团睢县农业产业有限公司)majorStrategic or Co-development Partner · 16 June 2021The company signed a strategic cooperation framework agreement with Su County Agriculture for a 100,000-ton premium alcohol production line project. The company invests and builds the production line, which is then leased to Su County Agriculture for 9 years. This represents a build-lease-transfer model partnership.
• Anengji (Hebei) New Energy Technology Co., Ltd. (安能吉(河北)新能源科技有限公司)majorStrategic or Co-development Partner · 9 June 2021Xiong'an Kerong Intelligence signed a distributed photovoltaic power station cooperation framework agreement with Anengji New Energy to develop clean energy projects in Hebei Province. Anengji provides local policy information, site resources, and administrative support while the company provides investment and construction capabilities.
• Suining County Yaoji Town Government (睢宁县姚集镇政府)minorStrategic or Co-development Partner · 15 March 2021Company chairman Mao Junliang visited Suining County Yaoji Town to investigate a mine greening project, exploring environmental remediation and greening cooperation opportunities.
• China Petroleum & Chemical Corporation (中国石化)coreStrategic or Co-development PartnerThe company has established a strategic cooperation agreement with China Petroleum & Chemical Corporation (Sinopec) for hydrogen energy technology development and applications. Sinopec serves as a key strategic partner for the company's hydrogen energy expansion.
• Jingdong Technology / Jingdong (Baoding) Digital Economy Industrial Park (京东科技 / 京东(保定)数字经济产业园)majorStrategic or Co-development PartnerCompany subsidiary Xiong'an Kerong Intelligence signed a cooperation意向书 with Jingdong Technology to collaborate on intelligent environmental protection and digital city solutions. The subsidiary also entered the Jingdong (Baoding) Digital Economy Industrial Park as a first-batch resident enterprise.
• Beijing InnoGreen Technology Co., Ltd. (北京英诺格林科技有限公司)minorStrategic or Co-development PartnerListed as a related link/partner on the company's website. The company previously held a 22% equity stake in InnoGreen before divesting.
• Beijing Huayangfeng Technology Co., Ltd. (北京华阳风科技有限公司)minorStrategic or Co-development PartnerThe company previously co-founded a joint venture with Huayangfeng to build and operate electric bicycle centralized charging facilities in Beijing's Haidian District. The company held 85% of the JV with 15% held by Huayangfeng.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• 聚光科技 (Focused Photonics): Chinese A-share environmental monitoring and instrumentation company with operations spanning water, gas, and lab analysis. Compares to Xiongan's broader environmental management portfolio, though focused on monitoring rather than treatment.
• 碧水源 (Beijing Originwater Technology): Major Chinese A-share water treatment and membrane technology company with municipal and industrial water projects. Comparable to Xiongan's water and water environment management segment, particularly the Xiong'an rural sewage and Baiyangdian remediation work.
• 龙净环保 (Longjing Environmental Protection): One of China's largest air pollution control and environmental protection EPC companies. Comparable to Xiongan New Power as a Chinese-listed environmental services provider with industrial flue gas treatment capabilities, though far larger in scale.
• 北京首创环保 (Beijing Capital Environment): Large Chinese A-share environmental services and water treatment company with municipal concessions. Comparable to Xiongan's environmental engineering business and government/municipal project orientation, though at significantly larger scale.

Direct peers

• 清新环境 (Qingxin Environment / Beijing Qingxin): Chinese A-share listed environmental protection company specializing in flue gas desulfurization, denitrification, and dust removal for coal-fired power plants. Directly comparable to Xiongan's low-nitrogen burner and flue gas treatment business targeting the same thermal power customer base.
• 华西能源 (China Western Power Industrial): Chinese listed company providing EPC services for thermal power plants and industrial boilers, including combustion equipment and energy-saving retrofits. Closely comparable to Xiongan's Xuzhou Combustion Control Research Institute operations serving power and industrial boiler customers.
• 中电环保 (Zhongdian Environmental Protection): Chinese A-share environmental engineering company providing water, flue gas, and solid waste treatment EPC services to industrial and power customers. Closely comparable to Xiongan's comprehensive environmental management and waste incineration portfolio.

Emerging players

• 雄韬股份 (Center Power / Senior Technology): Chinese listed company active in hydrogen fuel cells and lithium battery systems. Comparable as a Chinese-listed new energy hardware company pursuing hydrogen catalyst and fuel cell commercialization, an area Xiongan New Power is also targeting.
• 贵研铂业 (Sino-Platinum Metals): Chinese A-share precious metals and catalyst materials company, key supplier of platinum-group catalysts used in hydrogen fuel cells and automotive applications. Comparable to Xiongan's hydrogen fuel cell catalyst R&D as a domestic catalyst competitor.

Regional players

• Hangzhou Boiler Group (杭锅股份): Chinese A-share boiler and pressure vessel manufacturer serving thermal power and industrial boiler customers. Comparable to Xiongan's pressure vessel and boiler combustion equipment manufacturing at Xuzhou Combustion Control Research Institute.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance16 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Xiongan Kerong Environment Technology