Cecep Solar Energy Co.Ltd(000591) : the net profit in 2021 increased by 14.87% year-on-year, which will accelerate the construction of photovoltaic power stations

Cecep Solar Energy Co.Ltd(000591) 4 on the evening of April 14, the annual report of 2021 was released. In 2021, the company achieved an operating revenue of 7.016 billion yuan, a year-on-year increase of 32.25%; The net profit attributable to the shareholders of the listed company was 1.181 billion yuan, a year-on-year increase of 14.87%; The basic earnings per share is 0.39 yuan.

Cecep Solar Energy Co.Ltd(000591) business focuses on the investment and operation of Cecep Solar Energy Co.Ltd(000591) photovoltaic power station, and is also engaged in the production and sales of Cecep Solar Energy Co.Ltd(000591) battery modules.

The annual report shows that in 2021, the sales revenue of the company’s photovoltaic power station sector was 4.449 billion yuan, accounting for 63.42% of the company’s 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% of the company’s total revenue, with a year-on-year increase of 107.76%.

In 2021, the company continued to promote high-quality investment, construction and acquisition of photovoltaic power stations. By the end of 2021, the company had operated 4.27 GW of power stations, 0.7 GW of power stations under construction, 1.12 GW of power stations to be built (parity projects that have been recorded) or signed a pre acquisition agreement, totaling 6.09 GW.

The company sold 5.922 billion kwh of electricity in 2021, an increase of 630 million kwh year-on-year, an increase of 11.89%. The average price of electricity sales including tax in 2021 is 0.85 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 electricity volume of 1.701 billion kwh, an increase of 316 million kwh year-on-year, accounting for about 28.72% of the total electricity sales.

In the business plan, Cecep Solar Energy Co.Ltd(000591) revealed that 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.

The company said it would focus on Cecep Solar Energy Co.Ltd(000591) comprehensive application, commit to the investment, construction, operation and production of two main businesses of photovoltaic power station and photovoltaic manufacturing, effectively promote the overall improvement of main businesses through new technology and efficient information and digital construction, adhere to the simultaneous development of application and manufacturing, provide high-quality products and scientific and technological services with the support of technology research and development, and promote industrial transformation and upgrading. In the next five years, we will accelerate the construction of photovoltaic power stations, develop steadily and rapidly, promote large base projects and high-quality distributed development in the whole county, accelerate the demonstration application of photovoltaic and energy storage integrated power stations, explore photovoltaic + ecological restoration mode, improve the efficiency of photovoltaic power stations through intelligent operation and maintenance, and promote the multi-mode development of photovoltaic power station business.

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