Cecep Solar Energy Co.Ltd(000591) 4 the 2021 annual report released on April 14 shows that the company achieved a total operating revenue of 7.016 billion yuan last year, an increase of 32.25% year-on-year; The net profit attributable to the parent company was 1.181 billion yuan, a year-on-year increase of 14.87%; The net profit attributable to the parent company after non deduction was 1.062 billion yuan, with an increase of 8.70% and earnings per share of 0.3927 yuan. By the end of the reporting period, the total assets of the company had reached 39.768 billion yuan, an increase of 1.57% over the beginning of the year, and the net assets attributable to the parent company had reached 14.883 billion yuan, an increase of 6.04%.
In terms of segments, last year, the company's sales revenue of photovoltaic power station segment was 4.449 billion yuan, accounting for about 63.42% of the total revenue, with a year-on-year increase of 9.69% Cecep Solar Energy Co.Ltd(000591) product sales revenue was 2.549 billion yuan, accounting for 36.33%, with a year-on-year increase of 107.76%.
It is understood that in 2021, the company continued to promote the high-quality investment, construction and acquisition of photovoltaic power stations. By the end of 2021, the company operated about 4.27 GW of power stations, about 0.7 GW of power stations under construction, about 1.12 GW of power stations to be built (affordable projects that have been recorded) or about 6.09 GW of power stations that have signed a pre acquisition agreement. The annual sales volume was 5.922 billion kwh, with a year-on-year increase of 11.89%; The average price of electricity sales including tax is 0.852 yuan / kWh. During the reporting period, the company's North China, northwest, West Central, Xinjiang and Zhenjiang companies participated in power market transactions, with a total power of 1.701 billion kwh, a year-on-year increase of 316 million kwh, accounting for about 28.72% of the total sales Cecep Solar Energy Co.Ltd(000591) product manufacturing business. The annual production capacity of high-efficiency battery is up to 1.5 GW, and the annual production capacity of high-efficiency components is 2 GW. The 1.5 GW high-efficiency component project (18xmm, 210mm high-efficiency components) is under construction and is expected to be completed and put into operation in August 2022.
In 2021, the company received a total of 1.484 billion yuan of electricity subsidies, of which 1.311 billion yuan was made up by China. The amount of electricity subsidies not settled at the end of the period was 9.744 billion yuan, of which 9.294 billion yuan was made up by China, an increase of 1.674 billion yuan over the previous year. In recent years, the funding gap of renewable energy subsidies is obvious, and the settlement cycle of photovoltaic subsidies is long, which puts pressure on the company's cash flow.
Looking forward to the future, Cecep Solar Energy Co.Ltd(000591) said that it would seize the development opportunities of the industry, continue to expand the installed capacity of photovoltaic power stations and expand the production capacity of Cecep Solar Energy Co.Ltd(000591) products. By the end of 2025, strive to achieve a cumulative installed capacity of 20GW in the photovoltaic power station sector and a production capacity of more than 26gw in the photovoltaic manufacturing sector, consolidate the position of the photovoltaic power generation industry and become one of the mainstream battery manufacturers.
According to the financial budget report, in 2022, the company is expected to achieve an operating revenue of 7.051 billion yuan, a total profit of 1.5 billion yuan and a net profit of 1.215 billion yuan. The power stations put into operation, under construction, proposed (for the record) or signed a pre acquisition agreement strive to have a total scale of 8 GW.
