China Fund News reporter Wen Jing

On the evening of June 15, Jiaze Xinneng issued an announcement showing that the company intends to invest 26 billion yuan in Jixi in a joint venture with Tianjin CRRC Wind Energy Co., Ltd. Yuan built a new energy demonstration base and a new energy equipment manufacturing industrial park, and registered a 10-billion-yuan”carbon in Jixi City before October 1. And” New Energy Industry Development Fund.

As soon as the news came out, many netizens said,”Wait for the number of boards!”

As of this year’s quarterly report, the company still has 62,500 shareholders.

Fit to invest in the construction of 26 billion yuan of new energy demonstration bases and new energy equipment manufacturing industrial parks

On June 15, Jiaze New Energy announced that it plans to cooperate with Tianjin CRRC Wind Energy The company invested 26 billion yuan in a joint venture in Jixi to build a new energy demonstration base and a new energy equipment manufacturing industrial park, and registered a 10 billion yuan”carbon neutral” new energy industry development fund in Jixi City before October 1.

It is reported that Tianjin CRRC Wind Energy Company, one of the parties to the agreement, is CRRC Subordinate wholly-owned subsidiary. The main business operations include generator and generator set manufacturing, wind generator set and parts sales, network technical services, etc.

The announcement stated that Jiaze New Energy and Tianjin CRRC Wind Energy Co., Ltd. voluntarily pledged to jointly invest 2 billion yuan in the construction of a new energy equipment manufacturing industrial park in Jixi City. The planning and construction of the park includes but is not limited to wind power equipment manufacturing, Industrial projects such as photovoltaic equipment manufacturing, wind power blade manufacturing, wind turbine tower manufacturing and new energy big data. Construction will start in 2021. After completion, it is expected to create an annual industrial output value of about 10 billion yuan and provide about 1,000 jobs.

Specifically, the investment in wind power equipment manufacturing is about 1.4 billion yuan, the parts production line is about 200 million yuan, and the new energy power plant operation technical support center (including smart operation and maintenance and spare parts management center, smart wind farm management Center) investment is about 200 million yuan, and photovoltaic equipment manufacturing supporting investment is about 200 million yuan.

The announcement stated that the”Cooperation Framework Agreement” signed this time will not have a direct impact on the company’s overall operating performance and financial status before the subsequent signing of specific agreements.

Increase the main business of wind power and plan to invest 484 million to participate in the establishment of an industry fund

On June 9th, Jiaze Xinneng issued an announcement to seek investment opportunities and reserves in line with the strategic development direction And to cultivate high-quality project resources, the company plans to jointly invest in the establishment of a private equity investment fund Wind Energy Development Industry Fund (Ningxia) with CRRC Fund, Kaixian Capital, CRRC Capital, and Shandong Power Construction. The fund’s target subscription amount is 1.6 billion yuan, of which Jiaze Xinneng has subscribed for 484 million yuan, accounting for 30.25%of the partnership share, and the initial investment is 1.5125 million yuan. CRRC Fund, Kaixian Capital, CRRC Capital, and Shandong Power Construction invested 2 million yuan, 16 million yuan, 798 million yuan, and 300 million yuan respectively, accounting for 0.13%, 0.1%, 49.88%, and 18.75%respectively.

Jiaze Xinneng said that the company’s participation in the establishment of the Wind Energy Development Industry Fund (Ningxia) is that the company uses market methods to promote the effective integration of capital and industry, with the help of fund managers’ investment experience and Channels, seek investment opportunities in line with the company’s strategic development direction, and reserve and cultivate high-quality project resources for the company.

According to public information, the predecessor of Jiaze New Energy is Ningxia Jiaze Power Generation Co., Ltd., which was established in 2010. In 2015, the company changed its name to Ningxia Jiaze New Energy Co., Ltd. It is currently mainly engaged in the development and operation of centralized wind and photovoltaic power generation, and has become a leading private wind power company in Ningxia. As of the end of 2020, the company’s new energy grid-connected installed capacity is 1417.875MW, of which wind power grid-connected capacity is 1361.5MW, photovoltaic power grid-connected capacity is 50MW (calculated by peak value), and smart micro-grid power grid-connected capacity is 6.375MW . There are 342.5MW of projects under construction and pending construction, including 242.5MW of wind power projects and 100MW of photovoltaics.

On June 9th, Jiaze New Energy also issued an announcement stating that the company plans to invest in the construction of 75MW wind power projects, specifically the 50MW wind farm project in the north of Minquan City and the 25MW decentralized wind power project in Zhangming Township, Shangshui County. The estimated total investment of the project is about 616 million yuan.

Net profit in the first quarter increased by 106%year-on-year. Centennial Life Insurance, Goldman Sachs, Haitong Asset management and other top ten tradable shareholders

Jiaze New Energy released its first-quarter results announcement on April 30, stating that the revenue for the first quarter of 2021 will be approximately 317 million yuan, a year-on-year increase of 28.68%; net The profit was about 99.53 million yuan, a year-on-year increase of 106.33%; the basic earnings per share was 0.0480 yuan, a year-on-year increase of 106.01%. The 2020 annual report shows that Jiaze New Energy’s main business is the power generation industry, accounting for 99.73%of revenue.

According to this year’s quarterly report, among the top ten tradable shareholders, institutional investors such as Centennial Life Insurance, Goldman Sachs, and Haitong Asset Management can be seen.

Jiaze Xinneng disclosed in its first quarter report on April 30, 2021, that as of March 31, 2021, the number of shareholders of the company was 62,500, which is higher than that of the previous period (December 31, 2020). 4240 households were added, an increase of 7.28%. As of March 31, 2021, the company’s latest total share capital is 2.088 billion shares, all of which are tradable shares. The average number of tradable shares held by each household dropped from 35,600 shares in the previous period to 33,400 shares, and the average tradable market value of each household was 120,000 yuan.

In terms of stock price, it has fallen 23%from its peak on January 29 this year. As of June 15, it closed at 3.41 yuan per share.

Editor:Xiao Mo

This article is from China Fund News