Media Focus | XEMC Invests RMB 182 Million in Donghu New Power, Accelerating Flywheel Energy Storage Track
Release time：
2026-06-12 09:59
Recently, XEMC seized the opportunity presented by the development of the new energy storage industry to strengthen, optimize, and expand its flywheel energy storage business. The news that the company invested RMB 182 million in its wholly-owned subsidiary, Donghu New Power, has attracted widespread media attention. Multiple media outlets, including Securities Daily, Phoenix News, Sina Finance, Economic Observer, China Energy Storage Network, and Guozi Xiaoxiang, have successively published reports focusing on the company's strategic layout and industrialization progress in the new energy storage sector.
Media Report:
XEMC Invests RMB 182 Million in Subsidiary to Boost Flywheel Energy Storage Track
Recently, Xiangtan Electric Manufacturing Co., Ltd. (Stock Code: 600416, "XEMC") issued an announcement stating that, in order to seize development opportunities in the flywheel energy storage industry and create a new growth engine, the company plans to jointly increase capital and expand shares in its wholly-owned subsidiary, Hubei Donghu New Power Co., Ltd. ("Donghu New Power"), together with its wholly-owned subsidiary, Xiangdian Power. The total capital increase amounts to RMB 182 million.
According to the announcement, Donghu New Power was originally a wholly-owned subsidiary of Xiangdian Power, with a registered capital of RMB 18 million. Upon completion of this capital increase, its registered capital will increase to RMB 200 million. Of this amount, XEMC will invest RMB 80 million, holding a 40% stake; Xiangdian Power will contribute a total of RMB 102 million, holding a 60% stake. All contributions will be paid in installments. Public information shows that Donghu New Power was established in May 2023 and serves as XEMC's core business platform for deploying flywheel energy storage and other operations, covering multiple aspects including energy storage technology R&D, equipment manufacturing, and technical services. In 2025, the company achieved operating revenue of RMB 55.1991 million and net profit of RMB 5.9105 million. Entering the first quarter of 2026, its business performance has been particularly impressive: single-quarter revenue reached RMB 56.7642 million, and net profit exceeded RMB 11.4122 million, surpassing the total for the previous year. This demonstrates the strong momentum of rapid volume growth in the flywheel energy storage business.
XEMC is a backbone enterprise in China's electrical engineering field and a national base for the localization of major technical equipment. Its controlling shareholder is Xiangdian Group, and its actual controller is the State-owned Assets Supervision and Administration Commission of Hunan Province. In recent years, leveraging its core technological advantages in "electromagnetic energy + electric motors + electronic control" and relying on the flywheel energy storage system jointly developed with the Hubei Donghu Laboratory, the company has successfully promoted and applied its solutions in multiple cities, including Qingdao, Guangzhou, Hangzhou, and Nanning, establishing an energy storage technology system covering multiple fields.
Currently, the domestic energy storage industry has entered a phase of explosive growth. As an important technical path for physical energy storage, flywheel energy storage, with its advantages of fast response speed, long cycle life, and no environmental pollution, has demonstrated irreplaceable competitiveness in scenarios such as grid peak shaving and frequency regulation, new energy grid integration, and rail transit energy recovery. Industry order volumes continue to expand, making it a closely watched segment within the energy storage sector.
Regarding the impact of this capital increase, XEMC stated that this move will further strengthen Donghu New Power's capital strength, optimize its capital structure, and help the flywheel energy storage business undertake large-scale projects and expand market space.
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