Ningxia Jiaze Renewables Corporation Limited(601619) (601619) announced on January 17 that the company plans to purchase 22.7% of the limited partnership share of ningbai fund held by Shanghai Gas Investment by paying cash; Meanwhile, Hainan Kaixian, the holding subsidiary of the company, plans to purchase 0.0463% of the general partnership share of ningbai fund held by Ningxia Kaixian by paying cash.
In 2021, Ningxia Jiaze Renewables Corporation Limited(601619) has purchased 7.9449% of the partnership shares of ningbai fund held by Zhejiang sunneng respectively by paying cash; Guochuang ningbai holds 39.9115% of the partnership share of ningbai fund. After the completion of this transaction, Hainan Kaixian will become the general partner of ningbai fund, Ningxia Jiaze Renewables Corporation Limited(601619) will hold or control 100% of the total partnership share of ningbai fund and obtain the control right of ningbai fund.
Ningxia Jiaze Renewables Corporation Limited(601619) in this transaction, the transaction price of Shanghai gas investment’s proposed transfer of limited partnership shares is determined to be 599 million yuan, and the transaction price of Ningxia Kaixian’s proposed transfer of general partnership shares is determined to be 1.25 million yuan through negotiation between the two parties.
According to public information, Ningxia Jiaze Renewables Corporation Limited(601619) is mainly engaged in the development, investment, construction, operation and management of new energy power, mainly including wind power generation and photovoltaic power generation. The main power station is located in Ningxia. By the end of September 2021, Ningxia Jiaze Renewables Corporation Limited(601619) grid connected installed capacity was 1319.875mw From January to September 2021, Ningxia Jiaze Renewables Corporation Limited(601619) achieved an operating revenue of 1.087 billion yuan and a net profit of 408 million yuan. By the end of September 2021, Ningxia Jiaze Renewables Corporation Limited(601619) had total assets of 13.534 billion yuan and net assets of 4.831 billion yuan
Ningbai fund is mainly engaged in the development and operation of wind power generation and photovoltaic power generation through its subordinate project companies. The main power stations are located in Shandong, Hebei and Henan. By the end of September 2021, the total grid connected installed capacity of the project companies under ningbai fund was 722mw From January to September 2021, ningbai fund realized an operating revenue of 712 million yuan and a net profit of 226 million yuan; By the end of September 2021, ningbai fund had total assets of RMB 6.926 billion and net assets of RMB 2.380 billion.
In addition, according to the disclosed announcement, the on grid electricity price and utilization hours of wind power and photovoltaic power plants operated by ningbai fund are high, the proportion of subsidized electricity price is relatively low, and the overall power generation efficiency and profitability are stronger.
Ningxia Jiaze Renewables Corporation Limited(601619) said in the announcement that after the completion of this transaction, the company will start to carry out operation and maintenance management of the project through the industrial fund, which is in line with the strategic development goal of the company to cultivate, reserve and acquire high-quality projects through the industrial fund model. It is the embodiment of the continuous innovation of the company’s business model, helps the company to enrich business development channels and inject new impetus into subsequent development. In addition, the wind power and photovoltaic power generation projects under ningbai fund are mainly located in Shandong, Hebei and Henan. After the completion of this transaction, the company’s business layout in the country will be further improved.
