Treyde's 60-year-old Chairman Yu Dexiang has an annual salary of 2.12 million yuan and holds five national-level expert titles.

Rui Finance Wang Min On February 26, according to the Hong Kong Stock Exchange disclosure, Qingdao Trina Electric Co., Ltd. (hereinafter referred to as “Trina”) submitted a listing application to the Main Board of the Hong Kong Stock Exchange. China Galaxy International and GF Securities are joint sponsors.

It is reported that Trina was listed on the A-share market on October 30, 2009, and was the first company listed on the Shenzhen ChiNext Board. As of the market close on February 25, 2026, its total market value was approximately 31.1 billion yuan.

The prospectus shows that Trina was founded in 2004 and mainly engages in the research and development, design, manufacturing, sales, installation, and maintenance of high-voltage and medium-voltage prefabricated substation containers, electric vehicle charging equipment, as well as the construction and operation of electric vehicle charging networks.

According to data from Zhuoshi Consulting, based on sales revenue of prefabricated substation containers in 2023 and 2024, Trina is the world’s largest provider of prefabricated substation containers and the largest supplier of high-voltage prefabricated substation containers. During the performance record period, the company sold a total of 1,242 sets of high-voltage prefabricated substations.

In terms of performance, in 2023, 2024, and the first ten months of 2025, Trina’s operating income was 12.691 billion, 15.374 billion, and 11.329 billion yuan, respectively, with net profits of 527 million, 939 million, and 835 million yuan, respectively.

Before the IPO, Yu Dexiang directly and indirectly controlled a total of 32.82% of the shares, making him the single largest shareholder.

The board of directors consists of six executive directors and three independent non-executive directors. Directors serve three-year terms, which can be renewed upon expiry.

Yu Dexiang, aged 60, is an executive director and chairman. He founded the group and was appointed as a director in March 2004. He also holds director and management positions in several subsidiaries of the group, mainly responsible for overseeing strategic development and major business activities, as well as guiding decision-making and overall operations.

Yu Dexiang obtained a bachelor’s degree in electrical automation from Gezhouba Water and Hydropower Engineering College (now Three Gorges University) in June 1988. In January 2011, he earned an MBA from Tsinghua University, and in May 2016, he obtained a Doctorate in Management from Université Paris 9.

In December 1999, Yu Dexiang was certified as a senior engineer by the National Power Corporation’s Senior Professional and Technical Qualification Evaluation Committee, and in March 2019, he was certified as a senior engineer by the Shandong Provincial Department of Human Resources and Social Security.

Yu Dexiang has served as a deputy to the 13th and 14th People’s Congresses of Shandong Province. He is currently vice chairman of the Supervisory Board of the China Listed Companies Association and chairman of the Qingdao Listed Companies Association.

The prospectus discloses that Yu Dexiang’s leadership is widely recognized in the industry. He is an expert involved in the compilation of the “Energy Storage and Smart Grid” guideline for the National Key R&D Program during the 14th Five-Year Plan period by the Ministry of Science and Technology, an expert in the 2030 National Major Science and Technology Projects of the Ministry of Science and Technology, an expert reviewer for new energy vehicles, and a member of the expert committee of the National Energy and Transportation Integration Development Research Institute.

According to data from Zhuoshi Consulting, at the beginning of this century, Yu Dexiang proactively seized the historical opportunity of high-speed rail electrification, launching China’s first 10kV intelligent power remote control box transformer, laying the foundation for the company’s position in the high-end rail transit power equipment field.

In 2024, Yu Dexiang’s salary was 2.119 million yuan (excluding equity-based compensation settled in shares).

Related company: Trina (SZ300001)