Guangdong Yudean Group Co., Ltd. was established on August 8, 2001. It was established by the Guangdong Provincial Government as the first country to implement the “factory-network separation” power system reform. The strongest and largest power generation company has a registered capital of 21.5 billion yuan. The Guangdong Provincial Government and China Huaneng Group hold 76% and 24% of the company's equity, respectively.