JIC Leasing is a subsidiary of JIC Group specializing in financial leasing. Rooted in leasing services and committed to supporting the real economy, JIC Leasing is dedicated to technological progress, industrial upgrade, and people’s livelihoods. In recent years, it has focused its efforts on the clean energy sector, supporting the development of wind and solar power, hydrogen energy, and energy storage, as well as the charging and battery swap industries. It continues to strengthen its services in the upstream and downstream of the green industry chain, helping China to optimize its energy structure and drive the green transition.

The new energy industry is characterized by heavy asset investments and long investment cycles. A financial force closely connected to the real economy, financial leasing offers flexible terms, versatile financing models, and efficient implementation. Combining financing with asset leasing, financial leasing can penetrate the industry’s upstream and downstream sectors, providing financial leasing services for equipment to ease the financial pressure on enterprises and support the industry’s growth.

In alignment with China's industrial structure adjustment and economic transformation, and guided by the "dual carbon" goals, JIC Leasing is committed to channeling financial resources into key sectors and weak links of socio-economic development, driving innovation in financial leasing and deep integration with the new energy industry, and supporting the high-quality development of the wind and solar power, hydrogen energy, and energy storage sectors.

Wind Power

China's wind power industry has made remarkable advances in recent years, driven by significant progress in policy support, technological innovation, market scale, and international expansion. Wind power is playing an increasingly important role in China’s path to carbon neutrality.

According to data released by the National Energy Administration, as of the end of 2024, installed wind power capacity had reached approximately 520 million kW, a year-on-year increase of 18.0%. China has become the world’s largest wind power equipment manufacturer, with wind turbine units, blades, and generators accounting for 60%, 64%, and 73% of the global market, respectively.

JIC Leasing is actively expanding its presence in the wind power sector, offering financial leasing solutions for wind power station equipment such as turbines and towers. It offers customized, long-term, large-scale financial solutions for distributed wind power projects, effectively addressing their financing and construction needs, and promoting innovation in energy development models.

JIC Leasing's wind power projects have a total installed capacity of nearly 160 MW, saving approximately 90,000 tons of coal equivalent, and reducing carbon dioxide emissions by around 200,000 tons. These projects provide strong support for the green, low-carbon energy transition.

For example, JIC Leasing provided financial leasing services to a wind power project in Shanxi with an installed capacity of 100 MW. This project has already been fully connected to the grid, and is operating stably at near full capacity, becoming an important part of supporting the local power supply.

Solar

In recent years, China’s solar industry has made leapfrog advancements, reaching a global leadership level in terms of both production and application.

According to data released by the National Energy Administration, in 2024, China's newly installed photovoltaic capacity reached 278 million kW, a year-on-year increase of 28%. The country's photovoltaic power generation reached 834.1 billion kWh, a year-on-year increase of 44%, with the utilization rate reaching 96.8%.

JIC Leasing continues to increase its support for the solar sector through standardized financial leasing products for distributed commercial and industrial solar power stations, using equipment such as modules and inverters as assets. It has supported the construction of solar projects inJiangsu, Guangdong, Shandong, Xinjiang, Inner Mongolia, Hainan, Shanghai, Anhui, and Zhejiang.

In the past year, JIC Leasing has invested in distributed photovoltaic projects with a total capacity exceeding 570 MW, saving 261,400 tons of standard coal annually and reducing carbon dioxide emissions by 651,600 tons.

Hydrogen Energy

In recent years, the hydrogen energy industry has developed rapidly, encompassing the entire chain ofhydrogen production, storage, transportation, and application.

In accordance with the Medium- and Long-Term Development Plan for the Hydrogen Energy Industry (2021-2035), China aims to initially establish a hydrogen supply system during the 14thFive-Year Plan period, primarily based on local utilization of by-product hydrogen from industrial processes and hydrogen produced from renewable energy.

JIC Leasing actively supports the development of hydrogen fuel logistics vehicles and hydrogen fuel production:

JIC Leasing supports the hydrogen fuel cell logistics vehicle leasing and operation services ofa hydrogen energy vehicle operation company in Zhejiang Provincefor express delivery, fresh food cold chains, and bulk goods in the Yangtze River Delta region.

It has also partnered witha hydrogen energy vehicle technology companyto promote hydrogen fuel cell vehicle applications.

Additionally, it has provided financial leasing toa specialized, refined, differentiated, and innovative “little giant” enterprise in Hebei, which has built the largest hydrogen production project in China using exhaust gases from the steel industry (coking). This project can produce 100 million m³ of hydrogen annually, enough to supply 700 heavy hydrogen fuel cell trucks and other fuel cell vehicles.

Energy Storage

Energy storage systems can enhance the stability of wind and solar power supply, optimize energy utilization efficiency, increase grid flexibility, and alleviate the challenges related to new energyconsumption.

Producers can leverage time-of-use electricity pricing, charging energy storage devices during low tariff periods, and discharging at peak tariff times. This approach not only helps them reduce electricity costs, but also alleviates pressure on the safe operation of the power grid, thus mitigating temporal and spatial imbalances, and flattening the power operating curve.

An emerging industry, commercial and industrial energy storage has been primarily applied by small- and micro-sized start-ups, but they often face difficulties in financing due to the long investment cycle and asset-heavy nature of energy storage, as well as potential gaps in resources, technology, and talent.

JIC Leasing has been expanding into commercial and industrial energy storage since 2023. Using integrated energy storage cabinets and containers as leasing assets, it offers standardized financial leasing products for commercial and industrial energy storage stations. The products efficiently connect stakeholders such as electricity consumers, investment operators, equipment manufacturers, and construction contractors.

So far, JIC Leasing has implemented projects in provinces includingZhejiang, Jiangsu, Guangdong, Anhui, Hunan, and Hubei, serving more than 30 small- and micro-sized enterprises. With total installed capacity of over 160 MWh, these projects have saved its enterprise customers more than 13 million yuan in electricity costs.

Basing its efforts on China's energy resources, JIC Leasing will remain committed to the "dual carbon" goals. Leveraging the advantages of industry + finance will strive to deepen its presence in the green energy sector. With a focus on systematic deployment in clean energy sub-sectors, JIC Leasing will continue to enhance its services for the upstream and downstream of the green industry chain. By doing so, it aims to contribute to the green transition and the optimization of China's energy structure, solidifying its role in green finance.