CHYY Development Group Limited

Summary

China Geothermal Industry Development Group Limited, an investment holding company, engages in the research and development of geothermal energy as alternative energy for building heating applications in Mainland China. The company operates through four segments: Shallow Geothermal Energy, Air Conditioning/Shallow Geothermal Heat Pump, Property Investment and Development, and Securities Investment and Trading. The Shallow Geothermal Energy segment is involved in the provision, installation, and maintenance of shallow geothermal energy utilization systems. The Air Conditioning/Shallow Geothermal Heat Pump segment trades in air conditioning/shallow geothermal heat pump products. The Property Investment and Development segment invests in properties. The Securities Investment and Trading segment engages in trading securities and other types of investments. China Geothermal Industry Development Group Limited also provides property development and management, and technical support services; and installs energy systems. The company was formerly known as China Ground Source Energy Industry Group Limited and changed its name to China Geothermal Industry Development Group Limited in May 2018. China Geothermal Industry Development Group Limited was incorporated in 1999 and is headquartered in Central, Hong Kong.