October 24, 2023: Goodhao, backed by Chinese sovereign funds, has decided to make its first acquisition in the Czech Republic. The company wants to enter the insolvency proceedings of Energetický Holding Malina. The holding is currently facing a number of problems, including a lack of necessary materials and funding. Goodhao will offer EH Malina a comprehensive plan for dealing with the company’s reorganization, including providing the necessary materials and components for the installation of photovoltaic power plants and heat pumps.
Goodhao wants to provide goods and technology to all Malina clients on superior financial terms.
“We perceive the current situation in the Malina Energy Holding as a good opportunity for our entry into the Czech market and first deliveries of technology. We have discussed the entry into the holding directly with its owner, Mr. Cyril Regner.
We want to offer Malina a comprehensive plan for solving the problems the company is facing. Part of our solution is to provide all clients with the goods they need on very favorable terms. We are immediately ready to make an offer to supply the goods and are considering other ways to help Malina through this challenging period,” added Wang Chengluo, Chairman of Goodhao
“I have been working on Goodhao’s entry into Malina for several months and we have had a number of challenging negotiations. I am very pleased that Malina has managed to attract a strong investor who has put forward a concrete offer on how it can help customers and the company overcome the current problems,” confirmed Cyril Regner, founder of Energetický Holding Malina
Goodhao is now entering the Czech renewable energy market. The company’s goal is to change the current way and especially the prices at which renewable energy sources are purchased in the country. Goodhao will supply customers with cutting-edge technology directly from the manufacturers, i.e. without unnecessary trade surcharges or distribution margins. This way of selling will significantly reduce the domestic prices of renewable energy sources. Photovoltaic power plants and heat pumps will be significantly cheaper and thus more affordable for customers.
Goodhao has formed the New Energy Technology Manufacturers Alliance for its supply strategy for the European market. This is a unique partnership of global renewable energy technology manufacturers. Members of the Alliance include renowned international companies such as FoxEss, one of the world’s largest manufacturers of inverters and batteries, Haier, a world leader in heat pump supply, and Eastron, an international supplier of electrical components.
“Goodhaos supply strategy aims to expand its cutting-edge renewable energy technology into the international market, particularly the European market. We have chosen the Czech Republic for our first European investment in the energy industry. The Czech photovoltaic market is experiencing dynamic growth, and renewable energy has strong financial support from the government, which plans to increase its share to 30% by 2030.
The results of the analysis of the Czech market have shown us that the main factor that prevents a wider spread of photovoltaic power plants is mainly the price. Thanks to major changes in our supply strategy, with the help of the newly formed Alliance, and thanks to our strong background and cooperation with top manufacturers and the Chinese government, we are able to reduce this price significantly and thus help customers with the availability of renewable energy.
Our strategy in the first phase is based on the supply of components. In the Czech market, we want to approach assembly and installation companies and negotiate with them for cooperation. Unlike traditional companies, Goodhao will only broker this service. We believe in a win-win solution and will therefore offer installers and partners very premium terms to make it as advantageous as possible for them to join our partner program,” said Wang Chengluo, Chairman of Goodhao
Goodhao has investment support and is funded by provincial and Chinese government funds. Its strategy of exporting China’s cutting-edge renewable energy technology to foreign markets is in line with China’s new export strategy.
“Our goal is to seek further opportunities for acquisitions and investments in companies operating in the renewable energy sector. We have made our first offer to Energetický Holding Malina, and we are currently negotiating with other companies and firms on the Czech market about our possible cooperation and investment. In early 2024, we want to start selling photovoltaics and heat pumps to all customers in the Czech Republic,” added Wang Chengluo, Chairman of the Board of Goodhao
Alliance of New Energy Technology Manufacturers
Goodhao is a company whose name carries the message of “Good” in English and “Hao” in Chinese, both terms meaning “good”. We specialize in strategic investments in key industries such as new energy, biomedicine, energy storage and semiconductor manufacturing. Our new goal is to expand our presence in the Central European market. Goodhao is headquartered in Wuxi, a key region in Jiangsu Province, China. What makes our company special is the support and cooperation of the Chinese government and the Ministry of Foreign Trade, which provides the company with crucial support and authority for international activities. We work closely with the City of Wuxi in our investment endeavors, allowing us to benefit from local resources and knowledge to achieve our strategic objectives. We are proud of our ability to bring new innovations and investments to the Central European market, with the support of the Chinese government and the City of Wuxi.
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Apex Solar, part of the Heran New Energy group, is one of the major manufacturers of solar panels. Apex specializes in the production of panels with state-of-the-art TOPCon and N-Type technology. This technology is known for its high efficiency and ability to generate electricity even under challenging conditions, making it an attractive choice for solar energy systems. With an annual production capacity of 1.5 GW, Apex Solar is one of the largest players in the solar panel market. The company has successfully passed several quality system certifications and has established long-term strategic cooperation with a number of large international companies in the energy industry.
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Zhejiang Eastron Electronics Co., Ltd. was established in 2012 and is a top manufacturer of specialized electricity meters and sensors that provide monitoring, metering and control of energy consumption, especially for photovoltaic power plants. The products include various single-phase and three-phase AC power meters, digital energy analyzers, data collectors, automatic meter reading systems, energy monitoring and control systems, etc. The company cooperates with moha universities for innovation, focusing on the continuous building of research centers, one of which is located in the UK, for example. The company has an extensive international distribution network and exports to more than 60 countries.
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FoxESS is one of the leading manufacturers of energy storage products (ESS) and is specialized in the research and development, production and sales of energy storage inverters and battery systems. It offers advanced distributed energy products, energy storage products and intelligent energy management solutions for residential, industrial and commercial enterprises. Its goal is to help customers more efficiently manage the entire process of new energy generation, energy storage and energy consumption, thereby increasing energy recovery and reducing energy consumption. FoxESS employs more than 2,000 people, had a turnover of 323 million euros in 2022 and is part of the Tsingshan Group, a Fortune 500 company with a turnover of more than $50 billion last year.
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Haier Water Solutions, part of the Haier Group, is the world’s largest manufacturer of water heating systems. According to data published by Euromonitor, Haier was the top-selling brand in home appliances worldwide for 10 consecutive years from 2009 to 2018. The Haier brand was also recognized as the world’s most valuable brand in the IoT (Internet of Things) ecosystem in 2019 with a brand value of $16.3 billion. In 2019, Haier Smart Home ranked 448th on the Fortune Global 500 list with total sales of $27.7 billion.
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Jiangsu Hanhaihuisheng’s mission is to promote China’s high-tech industry and export promotion. Based on Chinese provincial government funds and Wuxi city funds, its main objective is to promote the development and export of Chinese technology products and innovations in the international market. Its first and key mission is to support Goodhao’s project. In this way, he believes that it will be possible to open wider access for Chinese high-tech manufacturers to the European market, which will play a key role in promoting Chinese technology exports and help enhance the reputation of Chinese products and innovations around the world.
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