Tbea Co.Ltd(600089) ( Tbea Co.Ltd(600089) . SH) announced on April 11 that in 2021, the company achieved an operating revenue of 61.278 billion yuan, an increase of 37.4% over the previous year; The net profit attributable to the shareholders of the listed company was 72.55 yuan, an increase of 196.34%. The company plans to distribute a cash dividend of 5.80 yuan (including tax) to all shareholders for every 10 shares.
The reporter of economic information daily noted that during the reporting period, Tbea Co.Ltd(600089) fair value change income was 1.042 billion yuan, an increase of 801.17%; The net profit margin of the company’s sales was 16.01%, a new high in recent 20 years. In addition, Tbea Co.Ltd(600089) announced on the same day that the company plans to invest 618 million yuan in the construction of Wuwei 150MW photovoltaic project.
gains from changes in fair value increased by 801.17%
Tbea Co.Ltd(600089) main business includes power transmission and transformation business, new energy business and energy business. The company’s power transmission and transformation business mainly includes the R & D, production and sales of transformers, wires and cables and other power transmission and transformation products, as well as the integration business of international complete sets of power transmission and transformation systems; The new energy business mainly includes the production and sales of polysilicon, inverter, SVG and other products, and provides comprehensive energy solutions such as design, construction, commissioning, operation and maintenance for photovoltaic and wind power plants, as well as the operation of wind and photovoltaic power plants; Energy business mainly includes coal mining and sales, power and heat production and sales, etc.
The company said that during the reporting period, the total operating revenue and operating revenue increased by 37.39% and 37.40% respectively over the previous year, mainly due to the company’s strengthening of market development, the rise of polysilicon price and sales volume, the increase of power generation capacity of self operated new energy power stations, the rise of coal price and sales volume of Tianchi energy.
During the reporting period, the gross profit margin of the company was 10.9% lower than that of the previous year, which was 7.2 billion yuan; The new energy industry and engineering realized an operating revenue of 19.969 billion yuan, an increase of 57.39%, and the gross profit margin was 40.14%, an increase of 25.79 percentage points.
It is worth noting that during the reporting period, the company’s income from changes in fair value was 1.042 billion yuan, an increase of 801.17% over the previous year, mainly due to the listing of China Southern Power Grid Energy Efficiency&Clean Energy Co.Ltd(003035) ( China Southern Power Grid Energy Efficiency&Clean Energy Co.Ltd(003035) . SZ) shares invested by the company and the increase in fair value calculated according to the closing price of China Southern Power Grid Energy Efficiency&Clean Energy Co.Ltd(003035) shares at the end of the reporting period.
According to the annual report, the China Southern Power Grid Energy Efficiency&Clean Energy Co.Ltd(003035) shares invested by the company were listed on January 19, 2021. The fair value calculated according to the closing price of China Southern Power Grid Energy Efficiency&Clean Energy Co.Ltd(003035) shares at the end of the reporting period was 1.246 billion yuan, and the profit and loss from changes in fair value during the reporting period was 1.024 billion yuan. According to the data, as of September 30, 2021, Tbea Co.Ltd(600089) is China Southern Power Grid Energy Efficiency&Clean Energy Co.Ltd(003035) the fourth largest shareholder, holding 150 million shares, with a shareholding ratio of 3.97%.
In addition, the company actively participated in the mixed reform of central enterprises and state-owned enterprises, and carried out capital cooperation with China Southern Power Grid Co., Ltd. and China Huadian Group Co., Ltd. In addition to investing in China Southern Power Grid Energy Efficiency&Clean Energy Co.Ltd(003035) , the company also participated in the capital increase projects of China Huadian Group Capital Holding Co., Ltd. and Huadian Fu new energy development Co., Ltd. to achieve mutual benefit and win-win results by deepening business cooperation and industrial coordination with China Huadian Group Co., Ltd. in the fields of power transmission and transformation, energy and new energy.
At the end of the reporting period, the balance of the company’s trading financial assets, other debt investment, long-term equity investment, other equity instrument investment and other non current financial assets was 8.023 billion yuan, an increase of 48.95% over the beginning balance.
plans to invest 618 million yuan in Wuwei 150MW photovoltaic project
Tbea Co.Ltd(600089) announced on the same day that in order to seize market opportunities and accelerate the development of photovoltaic resources, the holding company Tbea Co.Ltd(600089) Xinjiang new energy Co., Ltd. (hereinafter referred to as “new energy company”) will invest in the construction of Wuwei 150MW photovoltaic project, with a total investment of 618 million yuan.
The announcement shows that the Wuwei 150MW photovoltaic project is located at the eastern end of Hexi Corridor on the edge of Tengger Desert in Jiuduntan, Liangzhou District, Wuwei City, Gansu Province. In the 5 million KW photovoltaic sand control demonstration base in Jiuduntan, Liangzhou District, Wuwei City, the annual average total solar radiation is 1702.9kwh/m2, and the annual equivalent utilization hours are 167649h, The average annual power generation of the project is 264638600 kW · h. Wuwei 150MW photovoltaic project belongs to class B area of Cecep Solar Energy Co.Ltd(000591) resources in China, with good development value, convenient transportation and conditions for the construction of new energy power station.
According to the feasibility study report, the construction contents of the above new energy power station project mainly include photovoltaic power station, supporting new 330kV booster station, on-site transmission line, maintenance road and power station management supporting facilities.
The announcement shows that the capital of Wuwei 150MW photovoltaic project accounts for 30% of the total investment of the project, and the new energy company will increase the capital to Xinjiang energy company and Hami energy company. Xinjiang energy company and Hami energy company will increase the capital to Wensheng new energy company on a year-on-year basis, and then Wensheng new energy company will increase the capital to wusheng company. The funds required for other projects will be solved by wusheng company through bank loans or other means.
Tbea Co.Ltd(600089) said that after the above new energy power station project is completed and put into operation, the operation scale of the company’s new energy power station will further increase, and the project can contribute a certain amount of income and profit to the company every year. At the same time, compared with coal-fired power plants of the same scale, 86800 tons of standard coal can be saved every year, which has the effect of saving coal and carbon. It will reduce pollution to the surrounding environment, protect the ecological environment, realize the coordinated development of resources, environment and economy, and have obvious social and environmental effects.
