On January 6, Zhejiang Wanliyang Co.Ltd(002434) (002434) signed an equity transfer agreement with Zhejiang Wanliyang Co.Ltd(002434) group. The former purchased 51% of the shares of Zhejiang Wanliyang Co.Ltd(002434) energy company held by Zhejiang Wanliyang Co.Ltd(002434) group and other shareholders for 110 million yuan. The company said that the acquisition is conducive to promoting Zhejiang Wanliyang Co.Ltd(002434) energy company to continuously expand and strengthen energy storage, spot trading in power market and other related businesses, and create new business and profit growth points for the company’s future development.
the net profit of the target company increased significantly last year
Zhejiang Wanliyang Co.Ltd(002434) energy company is mainly engaged in energy storage power station investment and operation, spot trading in power market, power safety testing and other businesses. It was established in 2019 with a registered capital of 200 million yuan.
According to the intermediary audit, as of December 31, 2021, Zhejiang Wanliyang Co.Ltd(002434) energy company’s net assets attributable to the owner of the parent company were 109 million yuan. If calculated according to the paid in amount of the remaining 49% of the original shareholder’s capital contribution (RMB 98 million), Zhejiang Wanliyang Co.Ltd(002434) the net assets of the energy company attributable to the owners of the parent company are 207 million yuan (the remaining 49% of the capital contribution of the original shareholders has not been paid in place and will be paid in place before December 31, 2022).
The equity transfer price is RMB 110 million. After the equity transfer is completed, Zhejiang Wanliyang Co.Ltd(002434) will hold 51% equity of Zhejiang Wanliyang Co.Ltd(002434) energy company, and the equity of Zhejiang Wanliyang Co.Ltd(002434) energy held by Zhejiang Wanliyang Co.Ltd(002434) group will be reduced to 32.83%.
Zhejiang Wanliyang Co.Ltd(002434) will become the controlling shareholder of Zhejiang Wanliyang Co.Ltd(002434) energy company.
In fact, investors familiar with Zhejiang Wanliyang Co.Ltd(002434) are no strangers to Zhejiang Wanliyang Co.Ltd(002434) energy companies. In March this year, Zhejiang Wanrong Financial Leasing Co., Ltd., a wholly-owned subsidiary of Zhejiang Wanliyang Co.Ltd(002434) , carried out financial leasing business with Zhejiang Wanliyang Co.Ltd(002434) energy company as the trading party. The data disclosed at that time showed that in 2020, Zhejiang Wanliyang Co.Ltd(002434) energy company had an operating revenue of 4.903 million yuan and a net profit of 682400 yuan.
Zhejiang Wanliyang Co.Ltd(002434) what about the results of energy last year? According to the data disclosed in the acquisition announcement, in 2021, Zhejiang Wanliyang Co.Ltd(002434) energy realized an operating revenue of 27.7049 million yuan and a net profit of 7.0703 million yuan. In other words, in 2021, Zhejiang Wanliyang Co.Ltd(002434) energy company’s operating revenue increased by 465% year-on-year; Net profit increased by 1036.93% year-on-year.
promote the expansion and strengthening of energy storage and other businesses
” Zhejiang Wanliyang Co.Ltd(002434) the performance of the energy company increased significantly last year, mainly due to the contribution of the energy storage business put into operation.” On the evening of January 6, Zhejiang Wanliyang Co.Ltd(002434) relevant people told the securities times · e company that in recent years, Zhejiang Wanliyang Co.Ltd(002434) energy company has deeply cultivated the business of flexible power regulation capacity, and has put into operation four generation side energy storage power stations in Guangdong, Gansu and other provinces, with a total installed capacity of about 40mW.
It is reported that in recent years, in order to promote energy conservation and emission reduction, China is vigorously implementing the “carbon neutralization and carbon peak” plan. As a clean and renewable energy, new energy is playing an important role in the process of “carbon neutralization and carbon peak”. In the new power system with new energy as the main body, the randomness and uncertainty of new energy will have various effects on the safe and stable operation of power system. Therefore, with the access of large-scale new energy, the demand scale of flexible regulation capabilities such as peak shaving, frequency modulation, standby and black start will increase day by day.
In addition to the above energy storage power stations that have been put into operation, at present, Zhejiang Wanliyang Co.Ltd(002434) energy company has signed an agreement to invest in the construction of energy storage power stations with a total installed capacity of about 700MW, including about 100MW for Zhaoqing City Project in Guangdong Province, about 300MW for Yiwu City Project in Zhejiang Province and about 300MW for Haiyan County project in Zhejiang Province. It focuses on the development of independent energy storage power stations at the power grid side.
At the same time, Zhejiang Wanliyang Co.Ltd(002434) energy company also vigorously promotes the technical development and project cooperation with user side energy storage power stations such as factories, data centers and charging stations, so as to help the power system transform to clean, low-carbon, safe and efficient.
For example, relying on the innovative business model, Zhejiang Wanliyang Co.Ltd(002434) energy company, as the first batch of load integrators, provides “demand side response” services to power grid and power users. It gathers dozens of demand side response resources in multiple cities of Guangdong to form a virtual power plant. By participating in market-oriented demand side response transactions, it creates response revenue of up to 4.5 yuan / kWh for users.
” Zhejiang Wanliyang Co.Ltd(002434) the new business development of energy companies in user side energy storage power stations will fully benefit from the general trend of energy conservation and emission reduction.” Zhejiang Wanliyang Co.Ltd(002434) relevant people said.
Zhejiang Wanliyang Co.Ltd(002434) said that the company acquired 51% shares of Zhejiang Wanliyang Co.Ltd(002434) energy company, developed businesses such as energy storage power station and spot trading in power market, further widened the company’s industrial layout and effectively improved the company’s comprehensive competitiveness and sustainable development ability; At the same time, with the strong support of national policies and the continuous growth of market demand, there is a broad space for the development of power storage and spot trading in the power market. The company will give full play to various resource advantages accumulated over the years and promote Zhejiang Wanliyang Co.Ltd(002434) energy company to continuously expand and strengthen energy storage, spot trading in the power market and other related businesses, Create new business and profit growth points for the company’s future development, further improve the company’s overall profitability and return on assets, and maximize shareholder value.
(Securities Times · e company)
