According to the Tianyancha App, recently, Wanhua Hehai New Energy Development Co., Ltd. underwent commercial and commercial changes, and the registered capital increased from RMB 1.6 billion to RMB 2 billion, an increase of 25%. The company was founded in February 2022, and its legal representative is Zhou Yongjin. Its business scope includes research and development of key technologies for waste heat power generation, contract energy management, cooling services, etc., and is jointly owned by Wanhua Chemical Group Co., Ltd. and Hehai New Energy Group Co., Ltd.

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