On January 25, Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) announced that fule new energy, a holding subsidiary, established a wholly-owned subsidiary Huangshan FUHENG Power Technology Co., Ltd. with its own funds to enter the field of downstream photovoltaic power stations. It is worth noting that the company also disclosed in the announcement that Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) has obtained the priority layout right of power stations in Huangshan City with one million people’s Congress, and is expected to become one of the contracts to promote the largest volume of A-share photovoltaic sector in the whole county.
Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) said in the announcement that the Management Committee of Huangshan Economic Development Zone has agreed that under the same conditions, the newly-built photovoltaic power generation project will give priority to the implementation subject to recommend fule new energy to implement the construction of photovoltaic power generation; For other photovoltaic power generation projects invested and constructed in Huangshan City, the development zone will actively seek support from relevant departments directly under the municipal government, and fule new energy will implement photovoltaic power generation construction. The construction period of photovoltaic power station project is short and effective, and has good economic and social benefits. The company has made an overall plan for the relevant business of photovoltaic power station, and has accumulated certain resources in the operation mode and cooperation mode of power station. It will carry out relevant business from point to area. The establishment of FUHENG power is mainly based on the order requirements of fule new energy and the business development needs related to the company’s investment and construction of photovoltaic power stations. The establishment of FUHENG power improves the company’s photovoltaic industry chain and is conducive to the company’s further expansion and strength in the field of clean energy.
“In the county wide promotion agreement with enterprises, the local government usually expresses the cooperation relationship in the words of recommendation rather than mandatory designation. In actual operation, due to the priority of recommendation under the same conditions, other manufacturers will not waste energy in bidding, and the bid winning rate of contracted enterprises can be imagined.” A chief analyst of electric power new energy said that Huangshan City has three districts and four counties. At present, the photovoltaic installation market is blank. The whole county of guanghuangshan Economic Development Zone promotes a volume of about 400MW, with a volume of more than 3gw within the city. The layout of downstream power stations is expected to thicken the profit level of the company. For this reason, Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) also recently announced that it plans to redeem convertible bonds with a balance of 200 million yuan with its own funds. According to the company’s good financial situation, Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) has the ability to provide cash flow guarantee for the rolling investment of downstream photovoltaic power plants through a variety of financing situations in the market.
As the first enterprise in Huangshan Economic Development Zone to create foreign exchange, fule new energy can be called the leading enterprise in Huangshan photovoltaic industry. “It took less than a year for Huangshan fule new energy to increase its annual sales from more than 100 million yuan to 350 million yuan. At present, the more advanced photovoltaic module production line is in trial operation and full of orders. It is expected that the annual sales will be 1.8 billion yuan and the tax revenue will be 16 million yuan in 2022.” Previously, the Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) senior management disclosed at the first on-site press conference in Huangshan this month. Fule new energy is the only authorized supplier of Canadian heliene company in China. Heliene has long provided photovoltaic modules and photovoltaic roof equipment for SolarCity (which has been acquired by Tesla and is responsible for Powerwall business), photovoltaic module equipment for local optical storage and charging integrated super charging stations in the United States, and photovoltaic modules for Starlink (Star chain program), It is a photovoltaic module provider of Tesla‘s three major businesses. With the increasingly clear development trend of global green power and new energy, Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) is expected to continue to benefit from the upstream and downstream layout of the photovoltaic industry.
Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) previously, when receiving institutional research, the company said that the company would combine the advantages of capital and management of listed companies with the advantages of talent, customers, technology and equipment resources of fule new energy, expand and strengthen photovoltaic components, and make layout to the upstream and downstream areas of components, such as battery chips, materials, power station construction and so on, Expand business territory in a variety of ways. Over the past period of time, the company has also welcomed the public offering research of huitianfu, Fuguo, Boshi and other companies.
