The huge investment of new energy track companies adds a new example.
On the 13th, the new energy photovoltaic leader Longi Green Energy Technology Co.Ltd(601012) put on a “big move”, which plans to invest in the project with an annual output of 20GW monocrystalline silicon rods and chips, 30GW high-efficiency monocrystalline cells and 5GW high-efficiency photovoltaic modules, with a total investment of about 19.5 billion yuan (including working capital).
400 billion market value photovoltaic leader put “big move”: 19.5 billion to invest in new energy projects
According to the announcement on March 13, 2016, the company (Party C), the people’s Government of Inner Mongolia Eerduosi Resources Co.Ltd(600295) city (hereinafter referred to as “party a”) and the people’s Government of Yijinholo banner (hereinafter referred to as “Party B”) signed the investment cooperation agreement on March 12, 2022 according to the needs of strategic development, The company has reached a cooperation intention on the investment and construction of 20GW single crystal silicon rod and chip project, 30GW high-efficiency single crystal cell project and 5GW high-efficiency photovoltaic module project (hereinafter referred to as “the project”) in mengsu Economic Development Zone, Yijinholo banner, Inner Mongolia Eerduosi Resources Co.Ltd(600295) City, Inner Mongolia Autonomous Region.
In terms of project investment content, Party C will set up each project holding subsidiary in Yijinholo banner of Inner Mongolia Eerduosi Resources Co.Ltd(600295) city as the operation subject of each project. The project subsidiary will lease the plant, warehouse and ancillary facilities of Party B or the lessor designated by Party B, and be responsible for the purchase, installation and commissioning of production and process equipment, working capital investment and project operation management of the project.
In terms of amount, the estimated investment amount of the project with an annual output of 20GW single crystal silicon rod and chip is 7.6 billion yuan, the estimated investment amount of the project with an annual output of 30GW high-efficiency single crystal cell is 10.3 billion yuan, and the estimated investment amount of the project with an annual output of 5GW high-efficiency photovoltaic module is 1.6 billion yuan. The total amount of the above investments is 19.5 billion yuan.
In terms of construction period, according to the conditions agreed in the contract, the production time of the above projects shall not exceed 6 months and the time to reach production shall not exceed 24 months since the plant, warehouse and ancillary facilities are handed over to Party C’s project company for use.
Longi Green Energy Technology Co.Ltd(601012) said that the project investment agreement signed this time is in line with the company’s future capacity planning, which is conducive to the company to give full play to its leading advantages in technology and products, seize the development opportunities of photovoltaic market, further improve the company’s capacity scale and continuously improve its market competitiveness. The project is not expected to have an impact on the company’s current operating income. The company will convene a board of directors to analyze and calculate the feasibility of the project according to the project implementation plan and disclose it in time. The signing and performance of the above investment agreement will not affect the business independence of the company.
Statistics show that Longi Green Energy Technology Co.Ltd(601012) is one of the leading enterprises in the new energy photovoltaic track. It is mainly engaged in the R & D, production and sales of monocrystalline silicon rods, silicon wafers, batteries and modules. Now it has developed into the world’s largest monocrystalline silicon wafer and module manufacturing enterprise. Up to now, the total market value of the company still exceeds 400 billion yuan.
In recent years, due to the continued prosperity of relevant tracks, Longi Green Energy Technology Co.Ltd(601012) revenue and profit also continued to grow. In the first three quarters of 2021, the company achieved a revenue of 56.206 billion yuan and a net profit of 7.556 billion yuan, with a year-on-year growth rate of 66.13% and 18.87% respectively.
In recent months, new energy track stocks have fluctuated sharply. Longi Green Energy Technology Co.Ltd(601012) once retreated nearly 40% from the high in 2021. However, in the process of sharp decline in the market recently, Longi Green Energy Technology Co.Ltd(601012) performance is very strong, and even rose against the trend. Since March this year, the Shanghai index has fallen 4.41%, the Shenzhen composite index has fallen 7.49%, and Longi Green Energy Technology Co.Ltd(601012) has risen 3.66% in the same period.
new energy is still hot, and the track company has invested heavily
In fact, in addition to the large investment of Longi Green Energy Technology Co.Ltd(601012) 195 billion yuan, the large investment of new energy track companies has occurred frequently in recent years.
Just a few days ago, on March 8, Trina Solar Co.Ltd(688599) announced that the wholly-owned subsidiary Jiangsu Tianhe Cecep Solar Energy Co.Ltd(000591) Power Development Co., Ltd. (hereinafter referred to as “Tianhe power” or “Party B”) plans to invest in the construction of Linze Tianhai 200MW / 400mwh shared energy storage power station project (hereinafter referred to as “energy storage project”) in Linze County, mainly to build a 200MW / 400mwh shared energy storage power station, Output line and relevant supporting facilities Trina Solar Co.Ltd(688599) said that the signing of this investment agreement will help the company further strengthen its advantages in energy storage business and enhance its comprehensive competitiveness with the help of the local policies and industrial supporting advantages of Zhangye City, which is in line with the company’s long-term development plan.
Ja Solar Technology Co.Ltd(002459) ‘s recent investment project also has a planned investment scale of 10 billion yuan. On March 7, Ja Solar Technology Co.Ltd(002459) announced that Jingao Cecep Solar Energy Co.Ltd(000591) Technology Co., Ltd. (hereinafter referred to as “the company”), a wholly-owned subsidiary of Jingao Cecep Solar Energy Co.Ltd(000591) Technology Co., Ltd. (hereinafter referred to as “Jingao Cecep Solar Energy Co.Ltd(000591) “), Qujing Municipal People’s government and the Management Committee of Qujing Economic and Technological Development Zone, signed the investment framework agreement (hereinafter referred to as “the agreement”) on March 5, 2022, In the next six years, the company plans to invest in the development and construction of “green photovoltaic new energy base” in Qujing City, with a total investment of about 10 billion yuan, including a manufacturing base with a scale of no less than 10GW high-efficiency Cecep Solar Energy Co.Ltd(000591) batteries and 5GW modules and a new energy power station project Ja Solar Technology Co.Ltd(002459) said that the investment framework agreement signed this time meets the strategic needs of the company’s future capacity planning, is conducive to further expand the company’s production capacity, enhance the company’s vertical integration capacity advantage, and better meet the global customers’ demand for efficient and high-quality photovoltaic products; It is conducive to expanding the scale of the company’s photovoltaic power station, improving the application and demonstration role of photovoltaic module products in the terminal, and is in line with the company’s business model of development, holding and transfer of photovoltaic power station.
Flat Glass Group Co.Ltd(601865) march 2 announcement shows that on March 2, 2022, the 16th meeting of the sixth board of directors of the company deliberated and approved the proposal on the wholly-owned subsidiary Nantong Flat Glass Group Co.Ltd(601865) investment in the construction of six photovoltaic module glass projects with a daily melting capacity of 1200 tons, It is agreed that the wholly-owned subsidiary of the company Flat Glass Group Co.Ltd(601865) (Nantong) photovoltaic glass Co., Ltd. (hereinafter referred to as “Nantong Flat Glass Group Co.Ltd(601865) “) will invest a total of about 6 billion yuan to build six photovoltaic module glass projects with a daily melting capacity of 1200 tons. The six photovoltaic module glass projects with a daily melting capacity of 1200 tons invested in this time are constructed and implemented by Nantong Flat Glass Group Co.Ltd(601865) in phase II of Tongzhou Bay demonstration division, Nantong City, Jiangsu Province. The first phase of the project is the construction of a production line with a production capacity of 1200 tons of photovoltaic modules and a supporting production line; Phase II project is to build two PV module glass production lines with a daily melting capacity of 1200 tons and supporting processing production lines Flat Glass Group Co.Ltd(601865) said that this foreign investment is to meet the market demand for large-scale photovoltaic modules and provide capacity guarantee for the market penetration of double glass modules; At the same time, it is also conducive for the company to seize the development opportunity of photovoltaic glass market with the help of the cost advantage and differentiated product positioning of large kiln furnace, and further improve the market share of photovoltaic glass, which is in line with the company’s strategic development plan.
In the past 2021, Longi Green Energy Technology Co.Ltd(601012) announced to invest in Yinchuan, Xixian new area of Shaanxi, Qujing of Yunnan and other places, with the proposed investment amount reaching more than 1 billion yuan.
