According to the announcement on the official website of the CSRC on April 21, the initial application of Xinjiang Lixin Energy Co., Ltd. (hereinafter referred to as “Lixin energy”) was approved at the 46th meeting of the development and Examination Commission in 2022.
Public information shows that Lixin energy was established in August 2013, the controlling shareholder is Xinjiang new energy group, and Xinjiang SASAC is the actual controller of the company. The company is mainly engaged in the investment, development, construction and operation of renewable energy projects such as wind power generation and photovoltaic power generation. The company’s main products are electricity. As of June 30, 2021, the total installed capacity of renewable energy power generation projects operated by Lixin energy is 102900mw, with the capacity of proposed wind turbine units of 122mw and proposed photovoltaic units of 100MW The power generation projects put into operation by the company have all realized grid connected power generation, among which the grid connected scale of wind power projects is 499.00mw and the grid connected scale of photovoltaic projects is 530.00mw.
The company plans to be listed on the main board of Shenzhen stock exchange this time, and the public offering of new shares will not exceed 233333400 shares, accounting for 25.00% of the total share capital after issuance. The shareholders of the company will not publicly offer shares, and the sponsor is Shenwan Hongyuan Group Co.Ltd(000166) . The raised funds are mainly used for the development and construction of three wind power projects. After the completion of the raised and invested projects, it will further increase the company’s wind power installed capacity, enhance the company’s profitability, and improve the company’s popularity and market competitiveness.
It is understood that since the 13th five year plan, with the gradual emergence of the benefits of the new normal economic structure adjustment, the continuous release of reform dividends and development momentum, and the steady growth of power demand. Among them, wind power and photovoltaic also achieved sustainable development during the 13th Five Year Plan period, making positive contributions to the national energy structure adjustment, economic transformation and upgrading and addressing climate change. After the introduction of the 14th five year plan, it is expected that China will further increase investment in infrastructure construction of wind power and photovoltaic power generation, so as to continue to provide important support for increasing the proportion of non fossil energy in primary energy consumption.
The company said that as a renewable energy power generation enterprise, the industry in which new energy is located is an industry that the state focuses on supporting and encouraging development, which is in line with the national “14th five year plan” strategic development plan. In the context of carbon neutrality, the power sector may become the largest innovation sector, and wind power and photovoltaic will usher in rapid development.
According to the research of Caixin securities, during the “fourteenth five year plan” period, the contribution rate of new electricity generated by wind power and photovoltaic power to the new electricity consumption of the whole society will be close to 40%. With the steady increase of power consumption in the whole country and the endorsement of policies such as “carbon neutralization” and “carbon peak”, clean energy such as scenery is expected to rapidly expand its power generation share.
It is reported that during the 14th Five Year Plan period, while closely focusing on the core businesses of wind power and optoelectronics, the company will orderly layout the upstream and downstream of the industry, actively explore new energy derivative industries, shape the brand value and core competitiveness with the characteristics of establishing new energy, and strive to develop into a steady growth and distinctive renewable energy comprehensive application service enterprise at the end of the 14th five year plan.
It is worth mentioning that this raised investment project is closely related to the existing business and development strategy of Lixin energy, which is not only the consolidation of the existing main business and industrial status, but also lays the foundation for the market expansion of Lixin energy.
