On April 28, China’s leading distributed photovoltaic enterprise Jinko Power Technology Co.Ltd(601778) released its 2021 annual report. During the reporting period, the company generated 3.43 billion kwh of electricity and realized an operating income of 3.675 billion yuan, including 2.776 billion yuan from the development, operation and transfer of photovoltaic power stations and 889 million yuan from the EPC business of photovoltaic power stations; The net profit attributable to the parent company was 361 million yuan.
During the reporting period, the company integrated resources, set up a new distributed business department, adjusted the internal assessment mechanism, and promoted the development of distributed business to a new level. According to the report, by the end of 2021, the company held about 0.83gw of distributed power stations During the reporting period, the company signed County wide roof distributed photovoltaic development cooperation agreements with 75 counties and districts, anchoring resources in advance for the breakthrough growth of distributed and household business in 2022.
Jinko Power Technology Co.Ltd(601778) said that it would increase the achievement transformation of “promoting the whole county” and promote the rapid implementation of distributed. Focus on the development of industrial and commercial distributed projects in the Yangtze River Delta and accelerate the in-depth development of the whole area in advantageous areas; Actively explore the household business model and realize the breakthrough development of household business; Accelerate the development of distributed energy storage business in areas with large price difference between peak and valley.
In early April 2022, Jinko Power Technology Co.Ltd(601778) launched the brand of household photovoltaic system – “jingnengbao”, determined to redefine household photovoltaic system.
At the same time, Jinko Power Technology Co.Ltd(601778) is also transforming to the “asset light” operation strategy and actively opening up new profit growth points. The report shows that in terms of power station operation and maintenance, as of the end of the reporting period, the total scale of power station operation and maintenance of the company has increased to 5.28gw, including 2.36gw of external maintenance scale, a year-on-year increase of 39%, and the proportion of maintenance scale has increased to 45%. During the reporting period, the company achieved an operation and maintenance service revenue of 848813 million yuan, a year-on-year increase of 53.23%.
In terms of comprehensive energy services, Jingke Huineng, a wholly-owned subsidiary of the company, newly launched comprehensive energy services in 2021. Under the circumstances of sudden changes in the power market policy in the fourth quarter and the top rise in power purchase prices in all provinces, the company completed 8.7 billion kwh of contracted electricity, 4.8 billion kwh of trading electricity and 1985 contracted customers, realizing a comprehensive energy service revenue of 27.32 million yuan, a year-on-year increase of 94.69%.
In addition, in order to make full use of the experience and advantages in the field of photovoltaic power generation, the company also extends the investment and operation business of power purchase and sales, green certificate business and energy storage projects, and actively explores emerging business opportunities such as photovoltaic building integration (BIPV).
