TEBE Electric's subsidiary, Loulan New Energy Company, increased its capital to 1.317 billion, an increase of about 59%.

Tianyancha App shows that recently, Xinjiang Tebian Electric Apparatus Group Co., Ltd. Lunan New Energy Co., Ltd. has undergone a business change, with the addition of CITIC Financial Assets as a shareholder. At the same time, the registered capital has increased from 827 million RMB to 1.317 billion RMB, an increase of about 59%. The company was established in April 2021, with Hu Youcheng as the legal representative. Its business scope includes power generation, power transmission, power supply, heat production and supply, etc. It is now owned by Xinjiang Tianchi Energy under Tebian Electric.