Securities code: Shanghai Nenghui Technology Co.Ltd(301046) securities abbreviation: Shanghai Nenghui Technology Co.Ltd(301046) Shanghai Nenghui Technology Co.Ltd(301046)
SHANGHAI NENGHUI TECHNOLOGY CO., LTD.
Room 607, No. 2000, Pudong Avenue, China (Shanghai) pilot Free Trade Zone
Feasibility analysis report on the use of funds raised by issuing convertible corporate bonds to unspecified objects
May, 2002
(the meaning in the plan for issuing convertible corporate bonds to unspecified objects is the same.)
1、 Use plan of the raised funds
The total amount of funds raised from the issuance of convertible corporate bonds to unspecified objects does not exceed RMB 347907 million (including this amount). After deducting the issuance expenses, they will be invested in “distributed photovoltaic power station construction project” and “supplementary working capital project”, as follows:
Unit: 10000 yuan
No. project name total investment of the project to be invested in raised funds
1 distributed photovoltaic power station construction project 25684302479070
2. Supplementary working capital project 10 Ping An Bank Co.Ltd(000001) 000000
Total 35684303479070
If the actual raised funds (after deducting the issuance expenses) are less than the total amount of the proposed raised funds, the board of directors of the company will arrange the specific use of the raised funds according to the importance and urgency of the purpose of the raised funds, and the insufficient part will be solved by self financing. On the premise of not changing the investment project of the raised funds, the board of directors of the company can appropriately adjust the investment sequence and amount of the raised funds of the above projects according to the actual needs of the project. Before the funds raised from the issuance of convertible bonds are in place, if the company invests its own funds in the construction of the above projects, the company will replace them in accordance with the procedures specified in relevant laws and regulations after the raised funds are in place.
2、 Specific conditions and feasibility analysis of projects invested with raised funds
(I) distributed photovoltaic power station investment project
1. Basic information of the project
The company plans to invest 256843000 yuan to build distributed photovoltaic power stations in Luoshan County, Henan Province, Shanghai and Zhuhai City, Guangdong Province. After the completion of the project, it will be operated in the mode of “self use and surplus online”. The total installed capacity is about 58.60mw, and the average annual power generation is expected to be about 584929 million kwh.
2. Necessity of project construction
(1) Comply with the development trend of photovoltaic power generation industry and actively respond to the strategic goal of “carbon peaking and carbon neutralization”. On September 22, 2020, the general secretary of Xi Jinping proposed in the UN General Assembly that China would increase its national independent contribution, adopt more effective policies and measures, strive to reach the peak of carbon dioxide emission by 2030 and strive to achieve carbon neutralization by 2060.
Under the goal of “carbon peaking and carbon neutralization”, the transformation of China’s energy structure is imminent Cecep Solar Energy Co.Ltd(000591) has the characteristics of large reserves, permanence, cleanness, no pollution, renewability and local availability. It has become one of the best energy options available at present. At the same time, with the continuous improvement of the technical level of China’s photovoltaic industry and the continuous decline of power generation cost, photovoltaic power generation has become a clean, low-carbon and price competitive energy form.
As one of the main forms of photovoltaic power generation, distributed PV can be built on the roofs of factories of various industrial and commercial enterprises and residential houses, making full use of local Cecep Solar Energy Co.Ltd(000591) resources. It has the characteristics of decentralized layout, short construction cycle, nearby consumption, high efficiency and cleanliness. Compared with centralized PV, it can effectively reduce the loss of power in step-up and transportation, make up for the lack of stability of large power grid, and continue to supply power in case of accidents, It can highly adapt to the power demand of industrial and commercial enterprises and other users, alleviate the power supply pressure of large power grid, and have environmental, social and economic benefits. On October 24, 2021, the Central Committee of the Communist Party of China and the State Council issued the notice on the action plan for carbon peak before 2030, which proposed that the roof photovoltaic coverage of new public institution buildings and new plants should strive to reach 50%; On January 29, 2022, the National Energy Administration issued the modern energy system plan for the 14th five year plan, which proposed to strengthen the development and utilization of energy nearby, actively develop distributed energy, and encourage wind power and Cecep Solar Energy Co.Ltd(000591) power generation to give priority to local consumption.
After the completion of the company’s distributed photovoltaic power station investment project, the total installed capacity is about 58.60mw, and the average annual power generation is expected to be about 584929 million kwh. It is an inevitable choice for the company to actively respond to relevant national policies and strategic objectives, comply with the development trend of the industry, and further expand the income scale of the company’s main business.
(2) Achieve the company’s development goals and improve market competitiveness and business stability
The first batch of distributed photovoltaic power stations invested and operated independently by the company, Zhuhai Xinqing Science and Technology Industrial Park Cecep Solar Energy Co.Ltd(000591) photovoltaic power generation project (Flextronics Industrial Park) and Zhuhai Xinqing Science and Technology Industrial Park Cecep Solar Energy Co.Ltd(000591) photovoltaic power generation project (Guangdong Jianshi lock Park) were connected to the grid in December 2013. The operation business of photovoltaic power station has always been one of the key development fields of the company, but since June 2018, due to capital factors, The company has not increased investment in photovoltaic power stations. The company completed its initial public offering in August 2021 and was listed on the gem. The financing channels were further expanded. The company will also continue to promote the business strategic planning in the field of photovoltaic power station operation. After the proposed distributed photovoltaic power station is put into operation, it can bring stable cash flow and profits to the company, improve the profitability and anti risk ability of the company, and improve the stability and sustainability of the company’s business operation.
At the same time, the company has built a power station operation and maintenance platform, which can realize real-time operation data statistics and on-site live detection of photovoltaic power stations. Through the implementation of this raised investment project, it can provide new monitoring samples for the company’s operation and maintenance platform, contribute to the improvement and upgrading of its system functions, and lay a solid foundation for the company to expand the operation and maintenance business of power station.
3. Feasibility of project construction
(1) The company has rich experience in scheme design, investment and operation of photovoltaic power stations
Since its establishment, the company has always focused on the field of new energy and participated in the preliminary planning and technical research of several distributed photovoltaic power stations. At the same time, the company actively seeks investment opportunities for high-quality distributed photovoltaic power stations. At present, the company has 12 self-supporting distributed photovoltaic power stations. At the same time, taking self-supporting power stations as a pilot, the company has built a power station operation and maintenance platform combined with Internet, database and other technologies.
In 2013, the company invested in two ” Dongguan Golden Sun Abrasives Co.Ltd(300606) ” demonstration projects of Cecep Solar Energy Co.Ltd(000591) photovoltaic power generation project of Zhuhai Xinqing Science and Technology Industrial Park and Cecep Solar Energy Co.Ltd(000591) photovoltaic power generation project of Zhuhai Jiantai industrial park with the wholly-owned subsidiary Zhuhai Chuangwei new energy Co., Ltd. and the parent company as the main investors respectively; Since 2017, the company has provided 48.28mw design work for the photovoltaic power generation project of Shanghai Lingang Holdings Co.Ltd(600848) Hongbo New Energy Development Co., Ltd., which is the first loan project of the BRICs Development Bank in China and the first batch of loan projects of the BRICs New Development Bank; In May 2018, xinfeiyuan and jinxiyuan roof distributed photovoltaic power station projects of Shanghai dongkai Real Estate Co., Ltd. invested by the company were successfully grid connected and accepted. At present, the project is a full grid connected roof photovoltaic power station project with large single capacity in Shanghai. In addition, the company also invested and operated high-quality distributed photovoltaic power station projects such as Shanghai Hanbell Precise Machinery Co.Ltd(002158) Xingta plant distributed photovoltaic power generation project, Zhuhai Linyin construction Cecep Solar Energy Co.Ltd(000591) photovoltaic power generation project, Zhuhai Saina Printing Technology Co., Ltd. distributed photovoltaic power generation project and so on.
Some benchmark distributed photovoltaic power station projects of the company are as follows:
Project name business type project site picture project introduction
Zhuhai Xinqing Industrial Park is a national Dongguan Golden Sun Abrasives Co.Ltd(300606) demonstration Cecep Solar Energy Co.Ltd(000591) photovoltaic power station operation project. When completed, it is one of the largest distributed photovoltaic power generation projects in Guangdong Province.
Project name business type project site picture project introduction
The project is the first loan project of BRICs Development Bank Shanghai Lingang Holdings Co.Ltd(600848) Hongbo new energy and its bank in China. The power project of Energy Development Co., Ltd. is also the first batch of loan projects of photovoltaic power generation project design business of BRICs new development bank. The company has completed the design of 48.28mw of the project.
Shanghai dongkai Real Estate Co., Ltd. has a full online roof photovoltaic Xiyuan roof distributed service power station project with large single capacity compared with xinfeiyuan and Jinyuan power stations of limited companies in Shanghai.
Photovoltaic power station project
(2) The company has significant technical advantages in the field of distributed photovoltaic
After exploring and accumulating experience in the field of distributed photovoltaic power station, the company has formed a series of core technologies with market competitiveness in the overall scheme design, monitoring, operation and maintenance of distributed photovoltaic power station.
In the field of distributed photovoltaic overall technical scheme, the company conducts on-site investigation on power consuming enterprises and collects technical data, and carries out calculation and technical analysis on photovoltaic module system scheme, bearing capacity analysis, power consumption, transformer capacity matching and so on according to region, plant roof building structure, enterprise power load curve, enterprise production shift mode, enterprise equipment operation hours, transformer size, conversion efficiency, etc, The overall technical scheme of the distributed photovoltaic power station with the best economy is obtained, which provides scientific guidance for the owner’s investment and their own investment and operation of the power station.
In the field of power station monitoring and operation and maintenance, the power station operation and maintenance platform built by the company can monitor the real-time operation data and on-site situation of the power station, count the operation data, visually present the on-site operation status of the power station, and transmit the data in real time on the power station operation and maintenance platform and the mobile app of operation and maintenance personnel, which improves the reliability and accuracy of power station operation and maintenance, and realizes the effect of improving operation and maintenance efficiency and reducing operation and maintenance cost.
(3) The regulations and policies of various departments have established a good development environment for the development of the industry, and distributed photovoltaic has expanded rapidly
Since the strategic goal of “carbon peak and carbon neutralization” was put forward, national ministries and commissions have successively launched a series of industry top-level design and industrial policies to guide the sustainable and healthy development of photovoltaic industry.
Document name release time relevant contents of issuing authority
The guiding opinions on accelerating the establishment and improvement of a green and low-carbon circular development economic system, promoting the improvement of a green and low-carbon cycle, the State Council’s comprehensive green transformation of economic and social development, promoting the green and low-carbon transformation of the economic system of energy and environmental development, and improving the utilization of renewable energy on February 22, 2021, Vigorously promote the development of wind power and photovoltaic power generation.
The people’s Republic of China will accelerate the development of non fossil energy, adhere to the simultaneous development of centralized and distributed national economy and social style, and vigorously improve the scale of wind power and photovoltaic power generation. On March 13, 2021, the State Council will accelerate the development of distributed energy in the East and middle part of the country, orderly develop offshore five-year plan and wind power in 2035, and build a number of projects According to the outline of the long-term vision of the base year for clean energy with multi energy complementarity, the proportion of non fossil energy in total energy consumption has increased to about 20%.
The notice on submitting to the whole county clearly proposing that the whole county should promote the construction of distributed light (city, district) roof sub national energy volts, emphasizing that the distributed photovoltaic “should be fully connected” distributed photovoltaic development test Bureau and “should be built as much as possible” on June 20, 2021, and pointing out that the “whole county promotion” is a real point scheme is now in effect “Carbon peak, carbon neutralization” and Rural Revitalization
