Shenzhen Weiwei Photovoltaic Lighting Co., Ltd. (hereinafter referred to as “Company†or “Wei Wei Sharesâ€) announced on July 2, the wholly-owned subsidiary Jiangsu Huayuan New Energy Technology Co., Ltd. (hereinafter referred to as “Huayuan New Energyâ€) It is planned to acquire Zhenfa Xinneng Group Co., Ltd. (hereinafter referred to as “Zhenfaxin†based on the cash value of 901 million yuan (the final transaction price is based on the evaluation value of the target assets determined by the evaluation agency with qualifications for securities and futures business, as determined by the parties to the transaction). Can†hold 100% equity of Kulunqi Zhenfa Energy Co., Ltd., 100% equity of Zhongning Zhenfa Photovoltaic Power Co., Ltd., 100% equity of Jingzheng and New Energy Technology Co., Ltd. and Zhenfa Energy Group Co., Ltd. The company (hereinafter referred to as “Zhenfa Energyâ€) holds 100% equity of Wujiaqu Zhenfa New Energy Technology Co., Ltd., 100% equity of Huocheng County Tuyu New Energy Technology Development Co., Ltd., Yuepuhu County Zhenfa 100% equity of New Energy Technology Co., Ltd., 100% equity of Jinchang Zhenxin Xipo Photovoltaic Power Generation Co., Ltd., total power station capacity of 315 MW.
The announcement shows that the counterparty of this transaction is to mobilize new energy and stimulate energy. Among them, Zhenfa Energy is a shareholder of the company with a shareholding ratio of 26.51%. Zhenfa Xinneng is a wholly-owned subsidiary of Zhenfa Energy. Therefore, Zhenfa Xinhui and Zhenfa Energy are related companies of the company and there is a relationship.
Wei Wei said that part of the assets held by Zhenfa Energy Group Co., Ltd., which the company intends to acquire, is a continuation of the company's PV business adjustment and optimization strategy. It is implemented by the company to optimize its operating assets under the new macro and industrial situation. Initiative. The acquired project is an early grid-connected photovoltaic power station project. The relevant assets can obtain the electricity fee income for a long time by signing the “purchasing and selling electricity contract†and the “grid-connected dispatching agreement†with the local power company, which can contribute to the company's performance growth point and improve. The company's market competitiveness and anti-risk capabilities promote the maximization of shareholders' interests.
Qiwei is currently engaged in three major core businesses of photovoltaic lighting, photovoltaic power plant project development, investment and construction, and lithium battery energy storage. It has certain industry leading advantages and brand effects, and has good profitability. The announcement said that this restructuring is in line with the national industrial policy and provides new business and profit growth points for listed companies. After the completion of the transaction, the company's strength in the development, investment and construction of photovoltaic power station projects will be further strengthened. The optimization of the company's asset structure is in line with the company's long-term development plan and is in line with the interests of all shareholders and the company. The company's main business will not undergo major changes due to this transaction.
In addition, Weiwei Co., Ltd. also answered questions from securities institutions on the acquisition of photovoltaic power plants of related companies.
Question:
The company intends to acquire the photovoltaic power plant of Zhenfa Energy, a shareholder of the company, for more than 900 million yuan. The transaction constitutes a connected transaction, which led to investors questioning the blood transfusion of Weiwei shares to Zhenfa Energy. What is the purpose and significance of the company's acquisition?
Wei Wei shares:
Since the company acquired its subsidiary Jiangsu Huayuan New Energy Technology Co., Ltd. from Zhenfa Energy in 2015, Zhenfa Energy has become the company's second largest shareholder. Zhenfa Energy's main business is the development and operation of photovoltaic power plants. The cumulative development and holding of photovoltaic power plants exceeds 2GW. The main business of Huayuan New Energy is the construction and investment operation of photovoltaic power station EPC. After the company acquired Huayuan New Energy, Huayuan continued to cooperate with Zhenfa Energy in the field of EPC construction of photovoltaic power plants. The company plans to acquire the photovoltaic power plants under the Zhenfa Energy Group, all of which are early-stage grid-connected projects. The procedures are relatively complete, and the price of electricity approved by the Price Reform Bureau of the National Development and Reform Commission is relatively high, which is a relatively high-quality power station.
The acquisition of the company is a strategic measure to optimize the layout of the photovoltaic power business. With the changes in the macroeconomic and financial environment this year and the gradual implementation of the national reduction of leverage measures, at the same time, the state's subsidies to the photovoltaic power generation industry have gradually declined, and the company actively responded to changes and actively adjusted the business structure of photovoltaic power. From the perspective of stabilizing the operation of listed companies and reducing the risk of accounts receivable of EPC business, the company reached an agreement to acquire some of the power station assets of Zhenfa Energy Group through friendly consultation with the two shareholders. After the completion of the acquisition, the company will increase the proportion of revenue and profit of the power generation business of the power station, and at the same time help the company to obtain long-term stable electricity fee income and cash flow, optimize the income structure, reduce the company's operating risks, and meet the interests of all shareholders.
Question:
The company had planned to purchase up to 14 power plant projects on major asset restructuring matters, and finally determined to be seven. Is it because the PV industry policy adjustments led the company to reduce the acquisition target? Is there any plan to continue the acquisition?
Wei Wei shares:
The company has planned to acquire 14 power plant projects on major asset restructuring matters, and the power plant scale exceeds 400 MW. The accountants, appraisers, lawyers and financial consultants hired by the company carried out on-the-spot due diligence, but there were many projects, the intermediary agencies had a large workload, and a small number of target projects were not perfect in terms of procedures, and did not meet the acquisition criteria; The parties to the individual underlying bidding transaction failed to reach an agreement. After repeated communication and coordination between the two parties, the final acquisition target was determined to be a total of 7 power stations with a total scale of 315 MW.
We believe that the adjustment of the national PV industry policy will have a certain impact on the scale of new ordinary power station construction in the short term, but it will have no impact on the completed projects that have obtained project targets and have been connected to the grid for power generation. In a short time, we have no plans to continue the acquisition.
Question:
Photovoltaic power plants are renewable energy projects that the state strongly encourages, but the industry development has a greater dependence on subsidy policies. What impact will the “Photovoltaic 531 New Deal†have on the company's PV business? What are the company's countermeasures?
Wei Wei shares:
The introduction of the new PV policy has accelerated the marketization of the photovoltaic industry. In the short term, it has certain impact on the photovoltaic EPC engineering business, but it has no impact on the company's grid-connected photovoltaic power station business and subsidies. The company has taken some measures to respond to policy changes. First, further adjust and optimize the revenue share of photovoltaic power plants, increase the grid-connected power station through acquisition, stabilize the company's revenue and profits; second, vigorously develop lithium battery and energy storage business, vigorously develop optical storage integration projects, and increase power lithium battery business. . Give full play to the company's technology and R&D advantages and expand new performance growth points.
Question:
Through transformation, the company has extended its business to lithium batteries and energy storage products. What are the current customer bases in the field of new energy vehicles? Where are the technical advantages of the company's products?
Wei Wei shares:
With the vigorous development of the power battery industry, the company gradually improved the strategic planning of the power battery business and determined the blueprint for the development of comprehensive competitiveness for the entire industry chain. At present, the company's customers in the field of new energy vehicles include diversified customer groups such as passenger cars, passenger cars, logistics vehicles and electric bicycles. The main cooperative enterprises include production and sales of new energy vehicles such as Zotye, Kowloon, Bluespeed and Luzhou.
Since the deployment of lithium battery, Wei Wei has been focusing on the development and development of power battery systems. The core R&D team consists of more than 150 senior R&D personnel in materials, electrochemistry, structural design and electronic circuit design. Technical R&D team. The technical advantages of the company's products are mainly in the following aspects:
Fast charging: use positive and negative nanocomposites with high electron and high ionic conductivity to achieve 100% charge in 15min;
Wide temperature zone technology: uses an electrolyte system that maintains high ionic conductivity over a wide temperature range and operates normally from -40 ° C to 55 ° C;
Long cycle life: 25,000 times full capacity, capacity retention rate of more than 80%, reaching the leading level at home and abroad;
High energy density: the energy density of the single cell can reach more than 230Wh/Kg, and the energy density of the group can reach above 140WH/Kg;
High security: Solid-state lithium-ion battery successfully passed the national standard test of stretching, acupuncture, extrusion, vibration, short circuit, etc., fully guaranteeing the safety of users.
Question:
As a leader in new energy vehicles, Tesla has been promoting the energy closed loop of photovoltaic energy storage combined with new energy vehicles. The company's products cover photovoltaic power plants, photovoltaic lighting, lithium batteries, energy storage products and graphene products. Its own energy industry chain?
Wei Wei shares:
Qiwei Co., Ltd. was established in 1993. Over the years, the company has developed into a LED lighting system based on the strategy of “lithium, lighting, photovoltaic power†and the synergistic development of the three major businesses through endogenous growth and extensional development. A comprehensive high-tech enterprise integrating photovoltaic EPC general package, photovoltaic power station operation, graphene, lithium battery and energy storage products. In the future, while accumulating its own products, technology, market and brand reputation, Yan Wei will gradually integrate superior resources and plan to build an energy development system with the entire industrial chain layout.
Question:
New energy power generation, new energy vehicles, and new materials are all strategic emerging industries supported by the state. How can the company adjust its own resources to achieve coordinated development of its business? At present, in the company's main business, photovoltaic power plants and LED lighting are still the core, will it continue to increase investment?
Wei Wei shares:
All along, the company has adhered to the development of energy-saving, green and low-carbon industries, vigorously developed new strategic industries such as new energy and new materials, and gradually built a business segment centered on “lighting, photovoltaic power, lithium battery and energy storageâ€. Basically formed a pattern of reasonable management structure and balanced development of the sector.
With years of deep cultivation in the photovoltaic and lighting industries, the company has formed a complete market operation and product research and development system, and its products are exported to more than 40 countries in North America, Europe and Asia. In accordance with national policies and market conditions, the company timely adjusted its strategy, laid out the construction and operation of photovoltaic power plants, and vigorously carried out power lithium battery and energy storage business. Next, it will further integrate resources, rationally allocate manpower, material resources and financial resources to form three major businesses. The business development model of the development of the sector and the development of the company.
Photovoltaic power plants and LED lighting are currently the company's main business, and will continue to invest in research and development of new competitive LED products, focusing on the development of high-end markets in Europe and the United States, and stabilizing the company's performance. In the photovoltaic power station business, the company will select high-quality products in the future. Project investment.
Draw-wire sensors of the wire sensor series measure with high linearity across the entire measuring range and are used for distance and position measurements of 100mm up to 20,000mm. Draw-wire sensors from LANDER are ideal for integration and subsequent assembly in serial OEM applications, e.g., in medical devices, lifts, conveyors and automotive engineering.
Linear Encoder,Digital Linear Encoder,Draw Wire Sensor,1500Mm Linear Encoder
Jilin Lander Intelligent Technology Co., Ltd , https://www.jllandertech.com