Ruihe Jintan to List on Emerging Stock Market Aug. 12, Focusing on Solar and Hydrogen Energy

Ruihe Jintan, a company focused on rooftop solar power and hydrogen energy, is set to list on Taiwan's emerging stock market on August 12. The company plans to submit its public offering prospectus to regulators by mid-July, with aspirations for an initial public offering (IPO) next year. Major shareholders include Acer, holding approximately 26% of the company's stock, alongside other investors like Global Life Insurance, KGI Life Insurance, and venture capital arms of Taishin Financial and Cathay Financial.

With a paid-in capital of NT$307 million and a net asset value per share of NT$32, Ruihe Jintan generated NT$823 million in revenue last year, an 83.46% increase from the previous year. The company reported a net profit of NT$43 million, or NT$2.89 per share. It currently manages about 160 MW of solar assets and has accumulated green energy contracts totaling NT$3.4 billion.

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We will continue to deepen our investment in renewable energy assets, integrating AI smart energy management, green power trading, and hydrogen technology, to develop into a 'low-conflict distributed energy and low-carbon power integrated service provider.'

Company Chairman Chen Kun-hung and General Manager Hsu Tsung-ping outlined their strategy to deepen renewable energy asset investments. They plan to integrate AI-driven energy management, green energy trading, and hydrogen technology to become a "low-conflict distributed energy and low-carbon power integrated service provider." Through its wholly-owned subsidiary, San Xiao Cultural and Creative, the company also supports sustainable agriculture, local development, and biodiversity projects, aiming to link renewable energy revenue with local sustainable development.

Furthermore, Ruihe Jintan is actively expanding into hydrogen and ammonia energy technologies, collaborating with international ammonia technology firms on "ammonia-to-hydrogen" power generation. The company completed its first round of fundraising for its hydrogen-focused subsidiary, Hydrogen Ruihe Low Carbon SPV, in late June. Shareholders in this venture include Acer and AUO, each holding 30%. The company anticipates producing Taiwan's first ammonia-to-hydrogen-powered, round-the-clock low-carbon electricity in the second half of 2027, aiming to complement the intermittent nature of renewable energy and broaden its low-carbon energy service offerings.

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Ruihe Jintan is further expanding into hydrogen and ammonia energy technologies and has begun cooperation with international ammonia technology companies to develop 'ammonia-to-hydrogen' power generation technology.