Securities code: Ningbo Energy Group Co.Ltd(600982) securities abbreviation: Ningbo Energy Group Co.Ltd(600982) Announcement No.: pro 2022009 Ningbo Energy Group Co.Ltd(600982)
Risk warning announcement
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Project risk. The letter of intent on cooperation recently signed by the company with Fenghua District People’s Government of Ningbo and Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) Group East China survey, design and Research Institute Co., Ltd. does not constitute the basis for the three parties to investigate the liability for breach of contract. The investment amount of the pumped storage project involved is large, the project cycle is expected to be 8-10 years, and there are major uncertainties in fund raising, project approval and construction implementation, At present, the pre feasibility study and feasibility study of the project have not been carried out, the economy of the project is unclear, and there are major uncertainties in the implementation of the project. Investors should pay attention to risks.
Secondary market transaction risk. 1. Since February 24, 2022, the company’s shares have risen by the limit for six consecutive trading days, with a large increase; 2. Since February 24, 2022, the cumulative turnover rate of the company’s shares has been 120.14%, significantly higher than the previous turnover rate of the company. Investors should pay attention to risks.
Ningbo Energy Group Co.Ltd(600982) (hereinafter referred to as “the company”) shares have been trading at the limit for six trading days since February 24, 2022. The company has issued the announcement of abnormal fluctuation of stock trading on February 26, 2022 and the announcement of abnormal fluctuation of stock trading and risk warning on March 3, 2022. Recently, the company’s stock fluctuates greatly. The company solemnly reminds investors that they should fully understand the stock market risk and pay attention to the trading risk of the secondary market.
1、 Secondary market transaction risk
The company’s stock price has risen for six consecutive trading days. As of the closing on March 3, 2022, the company’s closing price is 7.85 yuan. Since February 24, 2022, the range of six trading days has increased by 77.20%, with a large increase. The cumulative turnover rate for six consecutive trading days is 120.14%, which is significantly higher than the previous turnover rate of the company. According to the relevant valuation data of China Securities Index Co., Ltd., as of the closing of March 3, 2022, the latest P / E ratio of d44 power and heat production and supply industry of the Securities Regulatory Commission of the company was 21.73 times, the latest dynamic P / E ratio of the company was 34.01 times, the P / E ratio of power and heat production and supply industry was 1.75 times, and the latest P / E ratio of the company was 2.48 times, The data are higher than the level of Listed Companies in the same industry. Please invest rationally and pay attention to risks.
2、 There is no significant change in the company’s main business
The company is mainly engaged in cogeneration, biomass power generation, pumped storage and comprehensive energy services, as well as financial investment related to energy. So far, the main business has not changed. Please invest rationally and pay attention to risks.
3、 Project risk
The company issued the announcement of Ningbo Energy Group Co.Ltd(600982) on signing the letter of intent on Cooperation (Announcement No.: pro 2021060) on November 16, 2021. The company signed the letter of intent on construction of Haishu Longguan pumped storage power station project with the people’s Government of Haishu District, Ningbo on November 15, 2021. As of the date of this announcement, the projects involved in the letter of intent on cooperation have not made substantial progress, There are still major uncertainties in the implementation of the project.
On March 1, 2022, the company issued the announcement of Ningbo Energy Group Co.Ltd(600982) on signing the letter of intent for cooperation (Announcement No.: pro 2022006). The company signed the letter of intent for investment and construction of Ningbo Fenghua pumped storage power station project with Ningbo Fenghua District People’s government and Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) Group East China survey, design and Research Institute Co., Ltd, The letter of intent for cooperation is only an intentional agreement reached by the three parties through friendly negotiation and does not constitute a basis for both parties to investigate the liability for breach of contract, and there are major uncertainties in the implementation of the involved projects. At the same time, if an agreement on cooperation cannot be reached and a cooperation agreement cannot be signed within 9 months after the signing of the letter of intent, the letter of intent will be automatically terminated.
The investment amount of the projects involved in the above letter of intent is large, which is much higher than the current book monetary capital level of the company. At the same time, the cycle of pumped storage project is long, and the cycle of a single project is 8-10 years. At present, the source of funds and specific construction plan are not clear, and there are significant uncertainties in the implementation of the project.
At present, the company only has the holding subsidiary Ningbo Xikou pumped storage power station Co., Ltd. (hereinafter referred to as “Xikou energy storage”) to carry out the pumped storage business. As of June 30, 2021, the total assets of Xikou energy storage accounted for 2.69% of the total assets of the company, and the operating revenue of Xikou energy storage from January to June 2021 accounted for 2.37% of the company’s operating revenue. Please invest rationally and pay attention to risks.
The company solemnly reminds investors that the company’s information can be found on the website of Shanghai Stock Exchange (www.sse. Com. CN.) And the relevant announcements published in Shanghai Securities News, the information disclosure media designated by the company. The capital market is affected by many factors. The company solemnly reminds investors that they should fully understand the risks of the stock market, pay attention to the trading risks of the secondary market, make prudent decisions, invest rationally, improve risk awareness, avoid blindly following the trend and pay attention to investment risks.
It is hereby announced.
Ningbo Energy Group Co.Ltd(600982) board of directors March 4, 2022
