Guangdong No.2 Hydropower Engineering Company Ltd(002060) (002060) added weight to the field of clean energy again.
On February 15, the company announced that it had signed a strategic cooperation framework agreement with Wuhai municipal government of Inner Mongolia Autonomous Region and Jiangsu Xingbang technology. The three parties planned to jointly invest in the construction of hydrogen energy innovation and R & D, equipment manufacturing and demonstration application industrial base in Wuhai City. The hydrogen power development plan will complete the implementation of the overall industrial chain in three years, with an estimated total investment of 16.8 billion-18.8 billion yuan.
As an important coal coke chemical industry and Shanghai Chlor-Alkali Chemical Co.Ltd(600618) production base in China, Wuhai has superior development conditions in the hydrogen energy industry. In 2020, the city issued the development plan of hydrogen energy industry in Wuhai City, proposing that by 2030, a hydrogen energy industry system for hydrogen production, storage, transportation and application will be formed, and the large-scale and commercial application of hydrogen energy will be further popularized, radiating and driving the energy upgrading and transformation of Wuhai and its surrounding areas.
According to the announcement, the three parties will give full play to their respective strengths and jointly build an industrial base, of which Wuhai has a huge energy treasure house and application scenarios; Xingbang technology has profound accumulation in the field of hydrogen energy technology; Guangdong No.2 Hydropower Engineering Company Ltd(002060) has advantages in hydropower, wind power, photovoltaic and industrial park construction.
According to the cooperation agreement, this investment in the hydrogen power industry chain will cover six contents, mainly including the establishment of an international academician future zero hydrocarbon energy science and innovation center to realize the independent control of patented equipment, materials and products in the field of hydrogen energy; Build two carbon neutral hydrogen power industrial parks; Build three industrial clusters: upstream wind power generation, green hydrogen production, storage, transportation and processing, R & D and production of core components of midstream fuel cells, and downstream green hydrogen application; It is planned to invest 2 billion yuan to improve the financial service system of hydrogen energy industry. The total investment in the hydrogen power development plan is expected to reach 16.8-18.8 billion yuan. It is expected to form 10000 hydrogen fuel cell modules, hydrogen fuel cell heavy trucks and bus sanitation vehicles, and form supporting hydrogen production and hydrogenation supply service capacity. In the above-mentioned industrial chain construction, Guangdong No.2 Hydropower Engineering Company Ltd(002060) is mainly responsible for the investment, construction and operation of wind power, photovoltaic new energy and green hydrogen production, storage, transportation and processing.
Starting from the construction business of water conservancy, hydropower and rail transit projects, Guangdong No.2 Hydropower Engineering Company Ltd(002060) has continued to make efforts in the field of clean energy in recent years, and has made good progress in the development of hydropower, photovoltaic, wind power and other businesses. This time, joining hands with Wuhai Luozi hydrogen power industry chain is another beneficial attempt in the field of new energy.
In the first half of 2021, Guangdong No.2 Hydropower Engineering Company Ltd(002060) clean energy power generation business achieved an operating revenue of 847 million yuan, a year-on-year increase of 7.41%. Among them, the revenue of wind power and photovoltaic power generation was 426 million yuan and 274 million yuan respectively, with a year-on-year increase of 8.05% and 16.67%. By the end of the half year, the total installed capacity of the clean energy projects that the company has put into operation for power generation is 1517.38mw. According to the plan, 200000 kW of clean energy will be put into operation and 700000 kW of new nuclear preparation will be completed in 2021.
It is worth mentioning that compared with the traditional engineering construction business, the profitability of clean energy power generation is very considerable. In the first half of last year, the gross profit margin of major power generation sectors of the company exceeded 60%, while the gross profit margin of water conservancy, hydropower and municipal engineering was only 3.92% and 1.81%.
Since the beginning of this year, Guangdong No.2 Hydropower Engineering Company Ltd(002060) has launched two major photovoltaic investment projects, which are expected to cost more than 700 million yuan. In January, a 60MW agrophotovoltaic complex project was invested and built in Lingao County, Hainan Province, with a total investment of 356 million yuan; In February, the strategic cooperation framework agreement was signed with the people’s Government of Pingbei Township, Anren County, Chenzhou City, Hunan Province. It is planned to invest in the construction of photovoltaic + agricultural comprehensive development project in Pingbei Township, Anren County. The specific construction content is to develop photovoltaic and other new energy industries on the self built edible fungus greenhouse, with an estimated installed capacity of 100 MW and a total investment of 400 million yuan.
Benefiting from the continuous improvement of the two business segments, Guangdong No.2 Hydropower Engineering Company Ltd(002060) 2021 annual performance is expected to be good. According to the performance forecast, the company expects to achieve an operating revenue of 14.3 billion yuan in 2021, a year-on-year increase of 13.67%; The net profit was 320 million yuan, an increase of 21.43% over the same period last year.
