Ipsos Business Consulting engaged as Industry Consultant by Tianjin Tianbao Energy Co., Ltd. for its listing on the Main Board of the Hong Kong Stock Exchange (stock code: 1671.HK) on Apr 27, 2018. The group is the sole power operator in Tianjin Port Free Trade Zone (Seaport). The group's operations include power generation and supply, electricity dispatch and sale and other energy-related businesses.
Ipsos Business Consulting's IPO consulting team conducted an Independent Market Review, covering the industry development trends, competitive landscape of the power generation and electricity dispatch industry in China and Tianjin. During the IPO process, Ipsos Business Consulting collaborated with the Group, IPO sponsor and its legal advisors to complete the contents of the prospectus as well as address all follow-up questions from the HKEX.
According to Ipsos Business Consulting's analysis, the total electricity consumption in Tianjin increased from 69.5 TWh GW in 2011 to 80.8 TWh in 2016, at a CAGR of 3.1%. Cogeneration is vital in the power sector in Tianjin as an efficient and conservative heating and electricity generation method, and several targets have been set for its development. As to the electricity dispatch industry in Tianjin, total capacity of transformers with installed capacity of 35 kV or above increased from approximately 71.4 GVA in 2011 to approximately 89.1 GVA in 2016, with a CAGR of 4.5%.