The whole world is paying close attention to the situation in Ukraine. On February 24, Russian President Vladimir Putin said in a televised speech that he had decided to launch a special military operation in the Donbas region. On the same day, Ukrainian President Zelensky said in a video speech posted on social media that Ukraine would implement a wartime state. Ukraine's supreme Rada (parliament) then voted to adopt a presidential decree on the implementation of a wartime state throughout Ukraine.
The situation in Ukraine also affects the nerves of the capital market. The reporter of the daily economic news found that many A-share listed companies have business layout in Ukraine.
By industry, China's wind power enterprises have been more active in investing in Ukraine in recent years. Longyuan Power, Shanghai Taisheng Wind Power Equipment Co.Ltd(300129) , Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) , Xinjiang Goldwind Science And Technology Co.Ltd(002202) , China Energy Engineering Corporation Limited(601868) and so on have business layout in Ukraine; In agriculture, grain and oil sectors, Yihai Kerry Arawana Holdings Co.Ltd(300999) , Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) and Shandong Weifang Rainbow Chemical Co.Ltd(301035) have subsidiaries or product sales in Ukraine. In addition, Xinjiang Beiken Energy Engineering Co.Ltd(002828) , Xinjiang Communications Construction Group Co.Ltd(002941) , Atlantic China Welding Consumables Inc(600558) and other listed companies also have business landing or product sales in Ukraine.
wind power enterprises: some say it is temporarily normal, others say it has little impact
On February 24, the situation in Ukraine changed dramatically. The reporter of the daily economic news found that among the A-share listed companies, Longyuan Power (001289, SZ) has an important business layout in Ukraine.
According to the official website of the national energy group, in August 2019, Longyuan Power signed the acquisition agreement of Ukrainian yuzhny wind power project with Lithuanian four wind energy company. The planned capacity of Ukrainian yuzhny project is 76000 kW, and the construction is planned to start in the second half of 2019. This project is the first project invested by the national energy group in Europe and is of milestone significance.
On the afternoon of February 24, a relevant person from the Securities Department of Longyuan electric power told the reporter of the daily economic news that the yuzhny project is a project of Longyuan electric power currently in operation in Ukraine. The total installed capacity of the wind farm is 76.5 MW and 17 nordex4500-149 fans are used. "Its installed capacity accounts for three thousandths of our wind power installed capacity. As far as I know, the current production and operation of our wind farm is normal."
At the end of June last year, Longyuan Power Ukraine southern wind power project also started construction. It is reported that this will be the largest single wind power project of Longyuan Power overseas. The southern wind power project is located in Nikolayev state in the southwest of Ukraine, close to the Black Sea, and is only 60 kilometers away from the Longyuan Power yuzhny wind power project. The project plans to install 60 4.8 MW wind turbines with a total capacity of 288000 kW. It is expected to be put into operation by the end of 2022.
"The project is still in the early stage of construction." The aforementioned person from the Securities Department told reporters. On whether the situation in Ukraine will have an impact on the construction of the project, the person said he did not understand. According to the disclosure of Longyuan Power (00916, HK), the company's wind power generation in Ukraine in January 2022 was 28777 megawatt hours.
It is understood that Longyuan Power was founded in 1993 and the company was successfully listed on the Hong Kong Stock Exchange in 2009. It is known as "the first share of Shanxi Guoxin Energy Corporation Limited(600617) ". In 2022, Longyuan Power will be listed in A-Shares through share exchange, absorption and merger.
In recent years, due to the favorable wind power market in Ukraine, many Chinese enterprises such as Longyuan Power, Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) , Shanghai Taisheng Wind Power Equipment Co.Ltd(300129) have actively entered.
Last April, Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) (601669, SH) announced that the company and Ukraine wind farm Co., Ltd. signed a contract for 800MW wind power project in nikilsk and Mangus District, Ukraine, with a contract amount of US $999 million, equivalent to about 6.716 billion yuan. The project is located in Mariupol City, Donetsk state, Ukraine. The main contents of the project include the construction of a wind farm with a total installed capacity of 800MW, the design, procurement, construction, installation, commissioning and trial operation of 330kV booster station and transmission line. The total construction period of the project is 32 months and the warranty period is 24 months.
On February 24, the reporter of the daily economic news interviewed Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) about the possible impact of the latest situation changes in Ukraine on the company. "In the previous contract, we were the etc general contractor. At present, the contract has not been implemented in Ukraine, and we have not injected any capital, so the impact on us is very, very small and basically no impact." People from Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) responded.
For the follow-up plan of the above project, Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) said that considering the situation there (Ukraine), the contract may involve a re signing issue, and further situations will be considered.
Shanghai Taisheng Wind Power Equipment Co.Ltd(300129) (300129, SZ) is also one of the earliest companies specializing in wind turbine tower manufacturing in China. It is mainly engaged in wind power generation equipment, steel structure, chemical equipment manufacturing and installation, import and export of goods and technology, wind power generation equipment, accessories, parts sales, etc. Referring to the implementation of projects in Ukraine, the staff of the company's Securities Department responded to reporters that most of the company's projects in Ukraine had been delivered last year, leaving only a little undelivered. "About four products. Our delivery method is to transport the products to the freight port."
For the proportion of Ukrainian projects in the company's main business, the above-mentioned personnel said, "it has not been counted, because the financial report of 2021 has not been released."
In November 2021, Shanghai Taisheng Wind Power Equipment Co.Ltd(300129) announced that a total of 112.7181 million yuan of onshore wind power products sent by the company to the customer Vestas projects in Ukraine and Australia were still in transit, accounting for 93.03% of the book value at the end of the period of goods issued, which was the main project of goods issued by the company at the end of September 2021.
agriculture, grain and oil companies in Ukraine
The reporter noted that some A-share listed companies in agriculture, grain and oil also have business in Ukraine. It is reported that Ukraine is the world's largest producer and exporter of oil sunflower and sunflower seed oil.
Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) (601952, SH) announced in March last year that it planned to set up a subsidiary in Ukraine. This afternoon (February 24), Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) investor hotline related staff told the reporter of the daily economic news that the business of the Ukrainian company to be established mainly focuses on the main business and upstream and downstream of the listed company, and has not yet injected capital into the Ukrainian company.
On March 16, 2021, Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) announced that it planned to invest US $5 million to establish a wholly-owned subsidiary suken (Ukraine) Co., Ltd. in Ukraine to build a comprehensive business platform integrating grain planting, trade logistics, processing and warehousing, investment and public services.
Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) said that this foreign investment will help the company optimize the industrial structure, integrate industrial resources and accelerate the formation of an effective linkage of the company's industrial chain outside China. It is conducive to promoting the rapid development of the company's oil industry chain and further opening the development space of the company's planting business. Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) the establishment of a wholly-owned subsidiary in Ukraine will effectively improve the raw material support capacity of the company's oil business sector, reduce procurement and trade costs, and promote the healthy development of the company's oil industry chain.
On January 26, Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) disclosed on the investor interaction platform that the company has steadily promoted the work related to the establishment of Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) Ukrainian company. At present, all the approval processes within the country of the project have been completed, and the relevant work abroad has not been carried out. At present, the political situation in Ukraine is extremely unstable, and the covid-19 epidemic has not been effectively alleviated. In this regard, the company has arranged special personnel to always pay attention to it, actively keep in touch with all parties in Ukraine through online means, and will perform the obligation of information disclosure in time according to the progress of the project in the future.
On January 27 this year, Shandong Weifang Rainbow Chemical Co.Ltd(301035) (301035, SZ) responded to investors on the investor interaction platform that the company established a local market development team in Ukraine in early 2021. Since the establishment of the local team, the business has grown significantly and rapidly, and the amount exported to the country in 2021 is about 12 million US dollars. The reporter of "daily economic news" noted that according to the exchange rate of US dollar against RMB on February 24, US $12 million is equivalent to about 75.86 million yuan. From January to September 2021, Shandong Weifang Rainbow Chemical Co.Ltd(301035) achieved an operating revenue of 6.758 billion yuan.
It is understood that Shandong Weifang Rainbow Chemical Co.Ltd(301035) is mainly engaged in herbicides, pesticides, fungicides, plant growth regulators and seed treatment agents. On January 27, Shandong Weifang Rainbow Chemical Co.Ltd(301035) also said on the investment platform, "according to the country's medium-term strategic plan, the local team will continue to increase investment in product registration to have a rich and complete product portfolio to meet the needs of the local market. At the same time, it will continue to expand the scale of the local team and expand the market. It is believed that the company will continue to maintain a rapid growth momentum in the country's market in the next few years."
On the afternoon of February 24, Shandong Weifang Rainbow Chemical Co.Ltd(301035) relevant persons from the Securities Department said in an interview with the reporter of the daily economic news that the situation in Ukraine had no impact on the company for the time being. "The proportion of our sales in Ukraine is very small. And if it (Ukraine) really has a war or something, it (Ukraine) will give priority to ensuring agriculture, so it is estimated that the impact on our basic industry is not particularly great."
The important market of is in Ukraine. How should Xinjiang Beiken Energy Engineering Co.Ltd(002828) deal with it?
According to the daily economic news, among A-share listed companies, Xinjiang Beiken Energy Engineering Co.Ltd(002828) (002828, SZ) is an important market in Ukraine.
The company said in the announcement that the company's drilling engineering business is currently mainly concentrated in China's Sichuan Basin, Tarim Basin, Junggar Basin and foreign Ukraine. In the first half of 2021, the company's sales revenue in Ukraine was 155 million yuan, accounting for 35.81% of the company's revenue. In terms of regional income contribution, Ukraine can be said to be the largest market region of Xinjiang Beiken Energy Engineering Co.Ltd(002828) . Meanwhile, the gross profit margin of Xinjiang Beiken Energy Engineering Co.Ltd(002828) business in Ukraine is also high, reaching 28.52% in the first half of 2021, while the gross profit margin of the company's business in Northern Xinjiang and southwest China in the same period is 17.93% and 21.36% respectively.
Public information shows that Xinjiang Beiken Energy Engineering Co.Ltd(002828) company is mainly engaged in providing engineering and technical services such as drilling, cementing and fracturing for oil and gas exploration and development enterprises, contracting oil service engineering contracts in flexible ways such as general contracting and daily fee system, and participating in the construction of oil and gas field engineering projects. The subsidiary of Xinjiang Beiken Energy Engineering Co.Ltd(002828) in Ukraine is registered in Kiev, the capital of Ukraine, and its business nature is to carry out auxiliary activities for oil and gas exploitation.
In 2020, Xinjiang Beiken Energy Engineering Co.Ltd(002828) achieved a revenue of 223 million yuan in Ukraine, accounting for 23.79%, which is the third largest market area of the company.
On the afternoon of February 24, Xinjiang Beiken Energy Engineering Co.Ltd(002828) a relevant person from the Securities Department said in an interview with the reporter of the daily economic news that the company's business "has not been affected and has not received any news." The other party said it was "not very clear" whether the company had any countermeasures against the business risks brought by the situation in Ukraine.
It is worth noting that on February 24, A-share oil and gas concept stocks continued to rise, Xinjiang Beiken Energy Engineering Co.Ltd(002828) shares rose to the daily limit on the morning of February 24, with a closing price of 10.67 yuan / share.
a number of listed companies have stated that they have little impact
More listed companies have said that the escalation of the situation in Ukraine has little impact on the company.
Guangdong Goworld Co.Ltd(000823) (000823, SZ) the Securities Department responded to reporters that the escalation of the situation in Ukraine has no obvious impact (on the company) at present.
Public information shows that Guangdong Goworld Co.Ltd(000823) is mainly engaged in the development, production and sales of printed circuit boards, liquid crystal displays and touch screens, ultra-thin and special copper clad laminates, Guangdong Goworld Co.Ltd(000823) instruments. In terms of external liaison, in recent years, the company has continuously improved the construction of sales and service outlets outside China, and has offices in the United States, Europe, Japan and other countries and regions. The above-mentioned person from the securities department did not disclose the proportion of Ukrainian business in the company's operating revenue, but only said that if there is (important) impact, the company will disclose information. As of the closing on February 24, Guangdong Goworld Co.Ltd(000823) fell 4.06% to close at 12.76 yuan / share.
In addition, the reporter also interviewed Xinjiang Communications Construction Group Co.Ltd(002941) (002941, SZ) as an investor about the business in Ukraine. The company said that the current situation in Ukraine has no impact on the company's projects. At this stage, the company's projects in Ukraine are in the process of finishing, and some staff are dealing with the remaining affairs.
In recent years, Xinjiang Communications Construction Group Co.Ltd(002941) began to explore overseas markets and undertake projects in Ukraine, Cameroon and other regions. Xinjiang Communications Construction Group Co.Ltd(002941) further said that the company's main business is in China, the foreign market has a small share, and most of them are projects close to the end. According to the 2020 annual report, Xinjiang Communications Construction Group Co.Ltd(002941) the main source of operating income is construction industry, of which the income in Xinjiang accounts for nearly 80%.
Liu Hongqian, securities affairs representative of the listed company Atlantic China Welding Consumables Inc(600558) (600558, SH), told reporters that before, the company had products exported to Ukraine, but the volume was very small, accounting for a very low proportion of the company's overseas market revenue, and the impact on the company was very limited. According to the data, Atlantic China Welding Consumables Inc(600558) is mainly engaged in the R & D, production and sales of welding materials such as welding rods, welding wires and fluxes. According to the Atlantic China Welding Consumables Inc(600558) 2020 annual report, during the reporting period, the company's sales revenue in China was 2.736 billion yuan and foreign sales revenue was 244 million yuan. Previously, Atlantic China Welding Consumables Inc(600558) disclosed in response to investors' questions that the company has relatively stable customers and continuous business in Ukraine.
Sanchuan Wisdom Technology Co.Ltd(300066) (300066, SZ) said on the interactive platform a few days ago that Yongling water meter, the holding subsidiary of the company, has a small amount of export business to Russia, and the current situation in Ukraine and Russia will not have a great impact on its overseas business; Medicalsystem Biotechnology Co.Ltd(300439) said that the company's current business in Ukraine accounts for a very low proportion of operating revenue and has a very limited impact on the overall revenue.
Zhejiang Century Huatong Group Co.Ltd(002602) responded to the reporter that the company has no business in Ukraine, but it said that China's game industry has experienced many challenges in the process of going to sea. In the face of various risks in the overseas market, the company has fully done a lot of prevention and response work in many aspects.
