Ruihe Jintan to List on OTC Market, Targeting Green and Hydrogen Energy Opportunities

Ruihe Jintan (7944) is set to list on Taiwan's over-the-counter market on August 19, positioning itself as a "distributed energy asset integrator" and "corporate low-carbon energy solutions provider." The company's strategy centers on rooftop solar power, self-operated power generation, green energy trading, and ammonia-to-hydrogen conversion for low-carbon backup power.

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currently has a solar power asset pool, corporate electricity sales clients, capital management capabilities, and a strategic shareholder ecosystem. These foundations will become important support for promoting the R&D of next-generation hydrogen technology, equipment introduction, localized system integration, and future commercial applications.

Chairman Chen Kun-hung highlighted the company's existing strengths: a solar power asset pool, corporate electricity sales clients, capital management capabilities, and a strategic shareholder ecosystem. These foundations, he stated, will support the research and development of next-generation hydrogen technology, equipment integration, localized system integration, and future commercial applications.

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The group's solar power total installed capacity is about 160MW, which can generate about 200 million kilowatt-hours of green electricity annually, becoming an important foundation for stable electricity sales revenue and long-term cash flow. It is estimated that more than 70% of this year's revenue composition will come from electricity sales business.

In the first half of the year, Ruihe Jintan achieved revenue of NT$504 million, a 66% increase year-on-year, with an operating profit margin of 23.27%. The company holds total assets of NT$7.312 billion and an equity value per share of NT$36.40. Chen noted that Ruihe Jintan differs from companies focused on large-scale engineering procurement and construction or asset transactions. Instead, it concentrates on distributed rooftop solar power and corporate electricity sales services. The group's solar power installations currently total approximately 160 MW, generating about 200 million kilowatt-hours of green electricity annually. This is expected to form the basis for stable electricity sales revenue and long-term cash flow, with over 70% of projected revenue this year coming from these sales.

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Qinghe Low Carbon completed its first round of capital increases in July, introducing strategic partners such as Acer (2353), AUO's subsidiary AUO Crystal, and Chia Yun to jointly participate, strengthening the industrial cooperation foundation for future low-carbon backup power and hydrogen power application scenarios in the technology industry.

Furthermore, Chen announced that its subsidiary, Qinghe Low Carbon, completed its first round of capital increases in July, attracting strategic partners such as Acer (2353), AUO's subsidiary AUO Crystal (2409), and Chia Yun. This collaboration aims to strengthen industrial partnerships for low-carbon backup power and hydrogen power applications within the technology sector. Qinghe Low Carbon plans to install its first hydrogen power generation facility in the Hsinchu Science Park, with commercial operation anticipated by the end of next year. Subsequent phases will involve field verification, system integration, equipment deployment, and business model design, with the goal of introducing international low-carbon energy technologies to Taiwanese corporate energy use. This initiative seeks to address the intermittent nature of renewable energy and provide more resilient low-carbon power options for the technology and high-energy-consumption industries.

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Qinghe Low Carbon is expected to install the first hydrogen power generation facility in the Hsinchu Science Park and plans to officially start commercial operation by the end of next year. Subsequent steps will continue to promote field verification, system integration, equipment introduction, and business model design, with the goal of introducing international low-carbon energy technology into Taiwanese corporate electricity use scenarios, supplementing the intermittent characteristics of renewable energy, and providing more resilient low-carbon power options for the technology and high-energy-consuming industries.