Promote energy network management and maintenance business Runjian Co.Ltd(002929) sign another 5.8 billion decentralized new energy power generation project

Runjian Co.Ltd(002929) ( Runjian Co.Ltd(002929) ) it was announced on the evening of May 4 that recently, the company’s holding subsidiary runjian new energy Co., Ltd. (hereinafter referred to as “runjian new energy”) signed a decentralized new energy power generation project development agreement with Guilin Yongfu county government. The total project capacity is expected to be about 900000 kW (including Shanghai Pudong Development Bank Co.Ltd(600000) kW of decentralized wind power project and 300000 kW of decentralized photovoltaic project), and the total investment and development amount is expected to be 5.8 billion yuan.

Runjian Co.Ltd(002929) promised that with the support of Yongfu county government, “classified construction and rolling promotion”, projects with construction conditions will start construction within half a year and complete investment and construction within two years.

The company said that the new energy power generation project development agreement signed this time is an important breakthrough in the company’s energy network management and maintenance business. The investment amount of the project accounts for 57.00% of the company’s total audited assets in 2021 and 87.85% of the company’s audited operating revenue in 2021. If the agreement is successfully implemented, it will have a positive impact on the company’s operating revenue and operating profit.

In addition, the project is another cooperation between the company and Guilin Yongfu county government in the field of new energy power generation after signing 409000 kW roof distributed photovoltaic power generation project in October 2021.

According to the retrospective announcement, in October 2021, the company signed the county wide roof distributed photovoltaic power generation project development agreement with the government of Yongfu County, Guilin city. The total project capacity is expected to be about 409000 kW, and the total development investment is expected to be 1.806 billion yuan. At present, the project is under normal implementation.

Public information shows that Runjian Co.Ltd(002929) is positioned as the manager and operator of communication information network and energy network. It is a digital intelligent operation and maintenance (aiops) service provider. The company provides customers with management and maintenance services such as digital intelligent operation and maintenance, digital solutions, intelligent energy-saving solutions and product integration through its independently developed digital service platform. At present, the company’s management and maintenance business has covered communication network, information network and energy network.

Referring to the company’s annual report in 2021, in terms of energy network management and maintenance business, the company has built advantageous regions in Guangxi, Guangdong, Sichuan, Hebei, Ningxia and other provinces, and formed a unique development, construction, operation and maintenance mode in the expansion of management and maintenance business of new energy power stations. In 2021, the operating revenue of the company’s energy network management and maintenance business increased by 158.11% year-on-year, and the gross profit margin increased by 5.37 percentage points.

In addition to the investment cooperation with Yongfu county government, Runjian Co.Ltd(002929) has also signed two framework agreements on energy network management and maintenance business since last year.

On April 15, 2021, Runjian Co.Ltd(002929) announced that the company had recently reached an agreement with Ganghua energy on the entrusted service and related cooperation of photovoltaic power station operation and maintenance of the subordinate project company of Ganghua energy, and signed the annual cooperation framework agreement on distributed photovoltaic power station operation and maintenance service, with a contract term of one year.

Runjian Co.Ltd(002929) 3 announced on March 30 that recently, the company’s holding subsidiary runjian new energy signed a development agreement with Heshan municipal government to develop and invest in the construction of roof distributed photovoltaic and wind power projects in Heshan municipal area. The planned construction capacity of the project is about 200MW, and the total development investment is expected to be 2 billion yuan.

In addition, the company’s energy network management and maintenance business contracts continue Runjian Co.Ltd(002929) 3 on the morning of March 22, it was announced that the company has recently obtained new energy management and maintenance project contracts in the field of energy network management and maintenance business, such as Qinghe County 10.39 MW distributed photovoltaic project, Hebei Huadian Shijiazhuang Zanhuang 200MW photovoltaic composite project, Nanpi County roof distributed photovoltaic phase I project, and Hanbin District photovoltaic power generation poverty alleviation project monitoring platform construction and operation and maintenance service provider procurement project in 2022, The total contract amount is 102 million yuan.

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