Securities code: Hengtong Optic-Electric Co.Ltd(600487) stock abbreviation: Hengtong Optic-Electric Co.Ltd(600487) Announcement No.: 2022009 convertible bond Code: 110056 convertible bond abbreviation: Hengtong convertible bond
Jiangsu Hengtong North Electro-Optic Co.Ltd(600184) Co., Ltd
Announcement on winning the bid for offshore wind power project
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. Recently, Jiangsu Hengtong North Electro-Optic Co.Ltd(600184) Co., Ltd. (hereinafter referred to as “the company”) and its holding subsidiary Jiangsu Hengtong high voltage submarine cable Co., Ltd. (hereinafter referred to as “Hengtong high voltage”) successively won the bid for offshore wind power projects in China and abroad. The company received the letter of acceptance from Sinohydro International Engineering Co., Ltd., China Energy Engineering Group Guangdong Electric Power Design and Research Institute Co., Ltd. and China Guangdong Nuclear Power (Beijing) New Energy Technology Co., Ltd., and signed the project contract with Shandong Electric Power Construction No. 3 Engineering Co., Ltd. and CNOOC (China) Co., Ltd. Tianjin Branch, It is confirmed that it has won the bid of “Vietnam jin’ou offshore wind power project”, “Jieyang Shenquan 2 offshore wind farm project”, “CGN new energy submarine cable inspection and maintenance framework agreement procurement project”, “Saudi red sea submarine cable project” and “BZ Kenli oil field group onshore power application project old oil field reconstruction project 35kV submarine cable procurement project”, with a total bid amount of 1.443 billion yuan (including tax). The project is hereby announced as follows:
1、 Overview of contracted projects
1. Project Name: Vietnam jin’ou offshore wind power project
Bid winner: Jiangsu Hengtong high voltage submarine cable Co., Ltd
Bid winning content: manufacturing, transportation and construction procurement of submarine cable and its auxiliary equipment
Project amount: 459 million yuan (tax included)
2. Project Name: Jieyang Shenquan 2 offshore wind farm project
Bid winner: Jiangsu Hengtong high voltage submarine cable Co., Ltd
Bid winning content: 220kV submarine cable supply, laying and accessory installation works; 66kV submarine cable supply, laying and accessory installation works
Project amount: 702 million yuan (including tax)
3. Project Name: CGN new energy submarine cable inspection and maintenance framework agreement procurement project (bid section II offshore wind farms in South China and Fujian)
Bid winner: Jiangsu Hengtong high voltage submarine cable Co., Ltd
Bid winning content: submarine cable inspection and maintenance project
Project amount: 49 million yuan (tax included)
4. Project Name: Saudi red sea submarine cable project
Bid winner: Jiangsu Hengtong North Electro-Optic Co.Ltd(600184) Co., Ltd
Bid winning content: 33kV submarine cable supply and laying
Project amount: 210 million yuan (tax included)
5. Project Name: 35kV submarine cable procurement project of old oilfield reconstruction project of Bozhong Kenli Oilfield Group shore power application project
Bid winner: Jiangsu Hengtong high voltage submarine cable Co., Ltd
Bid winning content: 35kV submarine cable supply
Project amount: 23 million yuan (tax included)
2、 Significance of the project and its impact on the company
The company seizes the development opportunity of marine industry and continues to create value for customers in the field of energy interconnection. During the rapid development of offshore wind power industry, the company has continuously improved the overall strength of offshore wind power industry chain system solutions. The continuous winning of offshore wind power projects in China reflects the company’s comprehensive technical strength in the field of offshore power, which is conducive to further enhance and consolidate the company’s brand influence and market share in the offshore power market. Recently, the total amount of contracts awarded and signed is about 1.443 billion yuan, accounting for 4.46% of the company’s audited operating revenue in 2020. The performance of this batch of project contracts is expected to have a positive impact on the company’s operating performance in 2022.
Up to now, the company has a total of offshore power projects such as submarine cable production, laying and fan installation, with an order amount of about 3.042 billion yuan. In the future, the company will continue to improve its market competitiveness in the field of energy interconnection, help the construction of global offshore wind power clean energy, continuously provide highly competitive products and services, and strive to build a world-class service provider of marine energy interconnection system.
3、 Risk tips
All the above winning projects have not signed the contract, and the performance of the contract in the future may be affected by natural disasters, macro environment, customers’ own factors, etc., with certain uncertainties and risks. Please make careful decisions and pay attention to preventing investment risks.
It is hereby announced.
Board of directors of Jiangsu Hengtong North Electro-Optic Co.Ltd(600184) Co., Ltd
March 11, 2002
