On April 8, Henan Yuneng Holdings Co.Ltd(001896) announced that Fenghe power generation, a subsidiary of the company, plans to invest and establish four county wide roof distributed photovoltaic project companies respectively, with a total subscribed capital contribution of 193 million yuan. The company’s subsidiary plans to invest in 14 roof distributed photovoltaic projects, including the distributed photovoltaic project of Moulin Rouge company in Puyang economic and Technological Development Zone, with a total installed capacity of 90200792mwp and a total investment of 3.57 billion yuan. The total investment above is 3.762 billion yuan.
In terms of the impact on the company, the announcement said that the foreign investment of the company’s subsidiaries in the light storage and charging microgrid smart energy project of Dafang group and the comprehensive energy project of Puyang high-speed railway station is an important measure to achieve the goals of carbon peak and carbon neutralization, implement the Rural Revitalization and development strategy, ensure energy security, and accelerate the transformation and development of the company to an integrated energy service provider. It is also an important measure to promote the national energy transformation and ensure the power supply of Henan Province The company plays a positive role in sustainable development.
The announcement suggests that there are risks in the light storage integration and light storage charging integration projects, such as increased construction costs, less than expected power generation, roof property rights and so on. The company will avoid or reduce relevant risks by taking measures such as good project construction schedule planning, centralized procurement, intelligent operation and so on. All the funds of the company’s foreign investment come from the self owned funds of subsidiaries, which will not have a significant impact on the company’s financial status and operating results this year.
On the same day, Henan Yuneng Holdings Co.Ltd(001896) released the annual performance report, saying that the operating revenue in 2021 was about 11.906 billion yuan, an increase of 15.83% year-on-year; The net profit loss attributable to the shareholders of the listed company is about 2.028 billion yuan; The loss of basic earnings per share was 1.4958 yuan.
As of today’s close, Henan Yuneng Holdings Co.Ltd(001896) fell 0.71% to 5.6 yuan.
