Securities code: 000591 securities abbreviation: Cecep Solar Energy Co.Ltd(000591) Announcement No.: 2022 - 10 bond Code: 112876 bond abbreviation: 19 sun G1
Cecep Solar Energy Co.Ltd(000591)
On investment and construction of energy-saving Chongyang shaping 98 MW
Announcement of nongguang complementary photovoltaic power generation project
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Cecep Solar Energy Co.Ltd(000591) (hereinafter referred to as the company) held the 8th meeting of the 10th board of directors on January 27, 2022, deliberated and adopted the proposal on investment and construction of 98 MW agricultural photovoltaic complementary power generation project in shaping, Chongyang. The relevant information is announced as follows:
1、 Overview of foreign investment
In order to continuously expand the installed capacity of the company's photovoltaic power station and maintain the company's leading position in the industry, the 8th meeting of the 10th board of directors of the company agreed to take cecep (Chongyang) Cecep Solar Energy Co.Ltd(000591) Technology Co., Ltd. (hereinafter referred to as Chongyang company), a wholly-owned subsidiary of the company, as the main body, Invest in the construction of 98 MW agricultural photovoltaic complementary power generation project in Chongyang shaping (hereinafter referred to as Chongyang shaping project), with a total investment of 448845400 yuan.
This investment has been deliberated and approved by the board of directors of the company and does not need to be submitted to the general meeting of shareholders for approval. This investment does not constitute a related party transaction, nor does it constitute a major asset reorganization stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Basic information of this investment
(I) basic information of the project
The Chongyang shaping project invested and constructed this time is located in Chongyang County, Xianning City, Hubei Province. This area belongs to the third category of China's Cecep Solar Energy Co.Ltd(000591) resources. The multi-year average annual total radiation received on the best inclined photovoltaic array surface is about 4860 MJ / m2.
The total installed capacity of Chongyang shaping project is 98 MW. The main construction contents are 98 MW photovoltaic array area, inverter and 110 kV booster station. Together with the 200 MW fishery light complementary photovoltaic power station phase II 100 MW construction project of China energy conservation Huanghu farm in Jianli City, Hubei Province developed by the company at the same time, 50 MW / 100 MW energy storage facilities will be constructed.
(II) investment estimate
The total investment of Chongyang shaping project is 448845400 yuan.
(III) economic analysis
According to the feasibility study report of the project, the financial internal rate of return (after income tax) of the total investment of Chongyang shaping project is 6.65%, the investment payback period (after income tax) is 12.29 years, and the financial internal rate of return (after income tax) of capital is 11.89%. The project has certain anti risk ability, and the financial evaluation results show that the project is feasible.
(IV) fund raising plan
The total investment of Chongyang shaping project is 448.8454 million yuan. Chongyang company, a wholly-owned subsidiary of the company, is the main body of investment and construction. The investment funds of this project are successively injected by the company through capital increase to Chongyang company according to the progress of project construction. The equity structure of Chongyang company remains unchanged before and after capital increase.
With the deliberation and approval of the third extraordinary general meeting of shareholders in 2021, Chongyang shaping project is used as a fund-raising project through non-public offering of shares. The part of the total investment of the project that does not exceed RMB 400 million comes from the raised funds, and the rest is raised by the company itself. Before the raised funds are in place, in order to ensure the construction fund demand of Chongyang shaping project, the company will invest no less than 89.7691 million yuan (about 20% of the total investment) with its own funds according to the actual needs of the project progress, and the rest no more than 359.0763 million yuan (about 80% of the total investment), The wholly-owned subsidiary of the company, cecep Cecep Solar Energy Co.Ltd(000591) Technology Co., Ltd. and Chongyang company, individually or jointly, are used as the loan subjects to apply to financial institutions for loan settlement. The loan guarantee methods are pledge of power charge right of Chongyang shaping project, pledge of fixed assets of Chongyang shaping project, pledge of equity of Chongyang company held by cecep Cecep Solar Energy Co.Ltd(000591) Technology Co., Ltd Cecep Cecep Solar Energy Co.Ltd(000591) Technology Co., Ltd. provides joint and several liability guarantee. After the raised funds are in place, the funds shall be replaced according to relevant regulations.
(V) investment progress
Chongyang shaping project has completed project filing, feasibility study report and review; It has obtained the reply of Xianning Ecological Environment Bureau on the environmental impact assessment report form of Chongyang shaping project and the review opinions of Hubei electric power company on the access system scheme of Chongyang shaping project; At the same time, an agreement has been reached with shaping Town, Chongyang County on land leasing, and the filing of land leasing agreement is expected to be completed in the near future; In addition, the approval of the review form of water and soil conservation scheme and the filing of safety pre evaluation report need to be completed before the commencement of construction, and the necessary approval procedures need to be completed successively according to the construction progress of the project.
3、 Investment and construction subject
Chongyang shaping project is invested and constructed by Chongyang company, and relevant work is carried out. Chongyang company, a wholly-owned subsidiary of the company, was established on November 8, 2021 due to the needs of carrying out the preliminary work of Chongyang shaping project. Its registered address is in the government yard of shaping Town, Chongyang County, Xianning City, Hubei Province. Its legal representative is Chen Dan, and its registered capital is RMB 1 million. The business scope of Chongyang company includes general projects: Cecep Solar Energy Co.Ltd(000591) power generation technology services, R & D of resource recycling technology, manufacturing of new energy prime mover equipment, sales of photovoltaic equipment and components, Cecep Solar Energy Co.Ltd(000591) heat utilization products, leasing of photovoltaic power generation equipment, intelligent agricultural management, leisure and sightseeing activities, crop cultivation services, ecological restoration and ecological protection services; Licensed projects: power generation business, power transmission business and power supply (distribution) business (except for projects subject to approval according to law, business activities shall be carried out independently according to law with business license).
The investment capital of the project is injected into Chongyang company in batches according to the progress of project construction in the form of capital increase by the company. The equity structure of Chongyang company remains unchanged before and after the capital increase. Chongyang company has not paid in capital, has no actual operation and has no relevant financial data.
4、 The impact of the investment on the company
As of June 30, 2021, the power station operated by the company is about 4.31 GW, the power station under construction is about 0.33 GW, the power station to be built (the parity project that has been recorded) or the power station that has signed the pre acquisition agreement is about 0.55 GW, with a total of about 5.19 GW.
Chongyang shaping project is an agricultural photovoltaic complementary grid connected power generation project developed by the company in Xianning City, Hubei Province. After the completion of Chongyang shaping project, it can further promote the development of the company's main business, improve the company's installed capacity of photovoltaic power generation, and increase the company's power generation capacity and power generation business income.
5、 Risk analysis
The investment behavior of the above projects may be affected by macroeconomic, industrial policies, market environment, operation and management and other factors, and there is a certain risk of uncertainty in the future income. In view of the above risks, the company will strengthen the management of the above projects, actively prevent and resolve various risks, so as to obtain a good return on investment. 6、 Documents for future reference
Resolution of the 8th meeting of the 10th board of directors of the company
It is hereby announced.
Cecep Solar Energy Co.Ltd(000591) board of directors
January 28, 2022
