China Securities Co.Ltd(601066)
about
Risen Energy Co.Ltd(300118) issuing shares to specific objects and listing on the gem
Listing recommendation
Sponsor
March, 2002
Statement of recommendation institution and recommendation representative
China Securities Co.Ltd(601066) and the project’s sponsor representatives Zhang Shiju and Yang Chuanxiao have been honest, trustworthy, diligent and conscientious in accordance with the company law of the people’s Republic of China (hereinafter referred to as the company law), the securities law of the people’s Republic of China (hereinafter referred to as the Securities Law) and other laws and regulations, as well as the relevant provisions of the CSRC and Shenzhen Stock Exchange, and have issued the listing recommendation letter in strict accordance with the business rules and industry self-discipline norms formulated according to law, And ensure that the documents issued are true, accurate and complete.
catalogue
interpretation…… 3 I. Basic information of the issuer 4 II. The issuer’s current issuance situation 18 III. information about the sponsor representative, CO sponsor and other members of the project team of this securities issuance and listing 21 IV. explanation on whether the recommendation institution has any circumstances that may affect the fair performance of recommendation duties V. internal audit procedures and core opinions of the recommendation institution on this securities issuance Vi. matters that the recommendation institution should promise in accordance with relevant provisions VII. The sponsor’s statement on whether the issuer has fulfilled the decision-making procedures stipulated by the company law, the securities law and the CSRC and Shenzhen Stock Exchange in connection with this securities issuance and listing 26 VIII. Work arrangement during continuous supervision 27 IX. recommendation conclusion of the sponsor on the project twenty-eight
interpretation
In this listing recommendation letter, unless otherwise specified, the following words have the following specific meanings:
Sponsor / China Securities Co.Ltd(601066) securities refers to China Securities Co.Ltd(601066)
Risen Energy Co.Ltd(300118) , issuer and company refer to Risen Energy Co.Ltd(300118)
The controlling shareholder and actual controller refers to Lin Haifeng
The issuance of shares to specific objects, the issuance of A-Shares to specific objects in Risen Energy Co.Ltd(300118) 2022, the issuance to specific objects, the behavior of issuing index notes, and the issuance of shares
“Share subscription agreement” refers to the share subscription agreement between Risen Energy Co.Ltd(300118) and Lin Haifeng with conditional effect
Company Law refers to the company law of the people’s Republic of China
Securities Law refers to the securities law of the people’s Republic of China
Listing Rules refers to the Listing Rules of Shenzhen Stock Exchange gem
The measures for the administration of registration refer to the measures for the administration of securities issuance registration of companies listed on the gem (for Trial Implementation)
The articles of association refers to the Risen Energy Co.Ltd(300118) articles of association
General meeting of shareholders refers to Risen Energy Co.Ltd(300118) general meeting of shareholders
Board of directors refers to Risen Energy Co.Ltd(300118) board of directors
Board of supervisors refers to Risen Energy Co.Ltd(300118) board of supervisors
The reporting period, the last three years and the first period refer to 2018, 2019, 2020 and January September 2021
CSRC refers to the China Securities Regulatory Commission
Shenzhen stock exchange refers to Shenzhen Stock Exchange
Yuan and 10000 yuan refer to RMB yuan and 10000 yuan
Note: any discrepancy between the mantissa of the total amount and the sum mantissa of the individual data in this listing recommendation letter is caused by rounding.
1、 Basic information of the issuer (I) overview of the issuer
Company name: Risen Energy Co.Ltd(300118)
Registered address: Tashan Industrial Park, Meilin street, Ninghai County, Zhejiang Province
Date of establishment: December 2, 2002
Listing time: September 2, 2010
Registered capital: 901359941 yuan
Place of listing: Shenzhen Stock Exchange
Stock abbreviation: Risen Energy Co.Ltd(300118)
Stock Code: Risen Energy Co.Ltd(300118)
Legal representative: Lin Haifeng
Secretary of the board of directors: Xueshan bank
Tel.: 057465173983
Internet address: www.risenergy.com com.
(II) the issuer’s main business, core technology and R & D level
The company focuses on photovoltaic new energy business. Through years of experience accumulation and technical reserves, the company has gradually realized the transition from a single Cecep Solar Energy Co.Ltd(000591) battery module manufacturer to a new energy industry group. The company’s main business is the R & D, production and sales of Cecep Solar Energy Co.Ltd(000591) battery modules. At the same time, it is engaged in the EPC and transfer of photovoltaic power plants, photovoltaic power plant operation, lamps and lanterns Assist in the production and sales of photovoltaic products and crystalline silicon materials.
During the reporting period, the company’s main products with main business income accounting for more than 10% include Cecep Solar Energy Co.Ltd(000591) batteries and modules, Cecep Solar Energy Co.Ltd(000591) power stations and photovoltaic cell packaging films.
1. Cecep Solar Energy Co.Ltd(000591) batteries and components
Cecep Solar Energy Co.Ltd(000591) battery and module R & D, production and sales are the main business of the company during the reporting period Cecep Solar Energy Co.Ltd(000591) battery cells can be sold separately or used as raw materials for downstream component production. The company has made remarkable achievements in the research and development of battery chips and components, obtained a number of patents, and the product conversion rate has reached new highs.
As of the issuance date of this listing recommendation letter, the conversion efficiency of the company’s single crystal battery has exceeded 23.36%, TOPCON battery has exceeded 25.00%, and heterojunction battery has exceeded 25.20%; The conversion efficiency of single crystal module shall exceed 21.57%, the attenuation rate in the first year shall not exceed 2.00%, and the attenuation rate in 25 years shall not exceed 15.20%; The conversion efficiency of heterojunction components exceeds 23.65%, the first year attenuation rate does not exceed 2.00%, and the 30-year attenuation rate does not exceed 15.05%.
During the reporting period, the company continuously optimized the product structure, improved the production process, increased R & D investment, continuously improved its core competitiveness, met customer requirements and closely followed the market demand.
2. Cecep Solar Energy Co.Ltd(000591) power station
The company’s photovoltaic power station business is mainly centralized photovoltaic power station. The company’s subsidiaries Risheng Hong Kong and Risheng power focus on the development, construction, operation and transfer of power stations at home and abroad. The business models adopted include EPC, holding operation and transfer. The EPC business of Cecep Solar Energy Co.Ltd(000591) power station of the company mainly provides customers with services such as construction design, construction and procurement of photovoltaic power station; The power station operation is mainly related to the company’s business of generating power through photovoltaic power stations and selling to the outside world; The power station transfer mainly refers to the company’s independent development and construction of photovoltaic power station, which will be transferred to the purchaser after the construction is completed.
With the general idea one of the “one belt, one road” initiative, we have actively developed the photovoltaic power station construction, operation and transfer in Spain, Italy, Bangladesh, Philippines, Nepal and other regions. At the same time, the company vigorously promotes the development of energy storage business, and the company’s “optical storage”, “optical storage charging” integrated solutions and smart microgrid solutions have been commercialized. The company will also promote the multi form disposal of existing photovoltaic power stations and improve the efficiency of the use of power station construction funds.
In addition, in terms of household PV, during the reporting period, the company achieved a certain market share in the regional market through the wholly-owned subsidiary Diandian cloud Intelligent Technology Co., Ltd., the household power generation solution with light and efficient components as the core and Diandian green station, an intelligent operation and maintenance platform.
3. Photovoltaic cell packaging adhesive film
Photovoltaic cell packaging adhesive film is one of the important auxiliary materials of Cecep Solar Energy Co.Ltd(000591) photovoltaic modules. During the reporting period, the company’s photovoltaic cell packaging adhesive film business was carried out through Jiangsu Swick. In August 2021, in order to recover the funds, focus on the main business of battery modules, improve the module production capacity and sales scale, and comprehensively consider the development needs of Jiangsu Swick, the company sold 52.49% of the equity of Jiangsu Swick. Since then, it no longer has the control over Jiangsu Swick, and the photovoltaic cell packaging adhesive film is no longer expected to be the main product of the company in the future. (III) main operating and financial data and indicators of the issuer
1. Main data of consolidated balance sheet
Unit: 10000 yuan
Project 20212020 20192018
September 30 December 31 December 31 December 31
Total assets 314537738289228303256094913187815409
Total liabilities 214809475189830696162414247103785667
Total owner’s equity 99728263993976089368066784029741
Equity attributable to shareholders of the parent company 89025320844306108248422274310868
2. Main data of consolidated income statement
Unit: 10000 yuan
Project: January September 2021, 2020, 2019, 2018
Operating income 12988011116063492314404248397521711
Operating profit 54296444169315113569062747939
Total profit 49122892921667112898052629465
Net profit 3921213236276897803212283023
Net profit attributable to the owner of the parent company 3540656165342197364942323690 profit
3. Main data of consolidated cash flow statement
Unit: 10000 yuan
Project: January September 2021, 2020, 2019, 2018
Net cash flow from operating activities 39232046864128260926531318476
Net cash flow from investing activities 2044727 -10763544 -9519920 – Xinjiang Sailing Information Technology Co.Ltd(300588) 42
Net cash flow from financing activities -890199317184179 -109554437182074
Effect of exchange rate changes on cash and cash equivalents -293493 -666840101417283332
Net increase in cash and cash equivalents of -12657127 million
4. Main financial indicators
financial index
