Securities code: 600692 securities abbreviation: Shanghai Yatong Co.Ltd(600692) Announcement No.: 2022-003 Shanghai Yatong Co.Ltd(600692)
Announcement on risk warning of foreign investment
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Shanghai Yatong Co.Ltd(600692) (hereinafter referred to as “the company”) disclosed the announcement on Shanghai Yatong Co.Ltd(600692) foreign investment (Announcement No.: 2022-002) on January 17, 2022. It plans to invest and establish Shanghai Yatong New Energy Technology Co., Ltd. (tentative name, hereinafter referred to as “the new energy company”) to carry out the construction and operation of Cecep Solar Energy Co.Ltd(000591) photovoltaic power station project in Chongming district.
In view of certain uncertainties in the establishment and operation of the new energy company, the relevant risks are further prompted as follows: first, the company’s main business is still real estate
According to the latest audited financial report of the company, real estate development is still the company’s main business. In 2020, real estate sales accounted for 64.90% of the company’s operating revenue, and commodity sales accounted for 24.70% of the company’s operating revenue. The new energy company will not have a significant impact on the company’s business structure in the short term and is not expected to have a significant impact on the company’s performance in 2022. 2、 The new energy company is not involved in the production and R & D business of photovoltaic equipment
The main business of new energy company is the construction and operation of photovoltaic power station, which does not involve the R & D and production of photovoltaic related equipment. It mainly uses idle plants, roofs and other resources to purchase photovoltaic power station related equipment and build and operate photovoltaic power station projects. 3、 The company has no photovoltaic technology development capability
At present, the company has no photovoltaic equipment, technology and talent reserve, and does not have the ability to develop photovoltaic equipment and technology. 4、 Industry development risk
The investment cost of photovoltaic power station project is high, and there are uncertainty risks in industry environment, market environment, macro-economy and so on.
The company will timely fulfill the obligation of information disclosure according to the follow-up progress of the project, and invite investors to pay attention to investment risks.
It is hereby announced.
Shanghai Yatong Co.Ltd(600692) board of directors January 17, 2022
