# SDIC Power Holdings

SDIC Power Holdings is a Corporate Investor based in Beijing, China.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Building 147, Xizhimen South St, Xicheng District, Beijing, China
- **Founded:** 1996
- **Assets under management:** Undisclosed
- **Website:** sdicpower.com
- **LinkedIn:** https://www.linkedin.com/company/sdic-power-holdings-co--ltd

## Regulatory record

- **Reports private funds:** No

## About

SDIC Power Holdings was incorporated in 1996 as the publicly listed power-generation arm of the State Development & Investment Corporation, which retains a 51–54% controlling stake. Chairman Guo Xuyuan leads a board overseeing a portfolio of mainly operational power assets rather than early-stage development companies. The firm's ownership structure reflects the central government's direct role in electrification — SDIC Power is a balance-sheet investor whose mandate flows from national energy policy as much as from commercial returns. Deployment concentrates on four asset classes: hydropower, thermal power, wind, and photovoltaic generation. Hydro dominates the book, anchored by the cascading Yalong River Hydropower Project in Sichuan Province and the Dachaoshan Hydropower Station in Yunnan Province. Thermal capacity includes the Beijiang Power Plant in Tianjin. The firm also pursues international acquisitions and greenfield projects, though the disclosed international asset base remains smaller than the domestic portfolio. SDIC Power does not operate a fund-of-funds program; it commits capital directly to majority-owned plant subsidiaries and minority co-investments alongside strategic partners such as China Yangtze Power. Total consolidated assets reached RMB 2965.37 billion at the end of 2024, generating RMB 157.06 billion in pre-tax profit for the year. The shareholder registry features China Yangtze Power as a strategic co-investor, while the National Council for Social Security Fund anchored a RMB 7 billion private placement in 2025. Corporate headquarters occupy Building 147 on Xizhimen South Street in Beijing's Xicheng District. No disclosed RIA or family-office annex exists; the firm operates purely as a corporate asset owner within the SDIC group structure. SDIC Power's structural differentiator is its role as a listed, minority-public vehicle through which state-directed capital is deployed into concession-based hydropower. Unlike a conventional developer that must compete for permits, SDIC Power inherits a pre-approved pipeline from its parent group's relationship with central planning bodies — making its asset growth a function of five-year energy plans rather than discrete fundraising cycles.

## Sectors

- Energy Transition & Renewables
- Infrastructure

## People

- Guo Xuyuan — Chairman of the Board of Directors

## Questions

### Who runs investment decisions at SDIC Power Holdings?

The Chairman of the Board, Guo Xuyuan, is the most senior executive identified in the firm's governance disclosures. Strategic capital-allocation decisions — such as the Yalong River cascade build-out and the 2025 Social Security Fund placement — are ultimately approved by the board under his leadership. Major shareholders State Development & Investment Corporation and China Yangtze Power also exert influence through board representation.

### How is SDIC Power related to the State Development & Investment Corporation?

SDIC Power is the publicly listed power-generation subsidiary of the State Development & Investment Corporation (SDIC), a centrally administered state-owned enterprise. SDIC holds a 51–54% controlling ownership stake in SDIC Power, making the listed vehicle a consolidation platform for the parent group's electric-power assets. The relationship channels capital and project pipelines from the state parent into a publicly traded entity.

### Is SDIC Power structured as a power producer or does it operate more like an investment holding company?

SDIC Power functions primarily as a power producer that owns and operates majority stakes in generating plants, but its corporate structure also gives it the character of a state-backed investment holding company. It does not manage third-party capital or offer fund products. All deployment flows through wholly owned or controlled project subsidiaries, supplemented by minority co-investment stakes alongside partners like China Yangtze Power.

### What is the geographic footprint of SDIC Power's generation assets?

Domestic assets are concentrated in Sichuan Province (Yalong River cascade), Yunnan Province (Dachaoshan Hydropower Station), and Tianjin (Beijiang Thermal Plant). The firm also maintains an international business segment, though specific overseas asset locations and capacities have not been publicly itemized in the sources consulted.

### Did SDIC Power raise outside equity recently?

Yes. In 2025 the National Council for Social Security Fund participated in a private placement, investing RMB 7 billion into SDIC Power. The placement signaled continued state-linked institutional backing for the firm's capital-intensive hydropower build-out.

## Related profiles

- [SDIC Chuangyi](https://altss.com/profile/sdic-chuangyi)
- [SDIC Securities](https://altss.com/profile/sdic-securities)

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Updated: 2026-06-03T20:00:00.000Z

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