Capital Thermal (首创热力)

Beijing Capital Thermal (北京首创热力股份有限公司) is a district heating company established in February 2017 and jointly founded by Shougang Group, a major state-owned enterprise under Beijing's SASAC, and Hony Capital, a member of Lenovo Holdings. The company focuses on the full chain of district heating: technology research and development, project investment and construction, and operational management. Capital Thermal specializes in clean heat source utilization, energy storage technologies, and smart heating network design to improve heat transmission efficiency and end-user energy efficiency. It serves residential homes and industrial facilities across multiple provinces and cities in China, combining state-owned capital characteristics with mixed-ownership operational advantages.