Central enterprises

Raised 15 billion yuan! PowerChina focuses on offshore wind power

Seetao 2022-05-23 17:31
  • In 2022, China Power Construction's new energy investment plan is 48.332 billion yuan
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On May 21, 2022, POWERCHINA announced that it plans to raise no more than 15 billion yuan, and the net proceeds after deducting issuance costs will be used for high-quality engineering contracting projects, investment and operation projects in strategic development areas, and offshore wind power survey and construction. Business equipment procurement projects, replenishment of working capital and repayment of bank loans.

Shortly after the reorganization "checked out", POWERCHINA started a new round of equity financing and concentrated on developing its core business. The reporter from Seedao.com noticed that the main business of POWERCHINA includes three major parts: project contracting and survey and design, power investment and operation, and real estate development. At the beginning of 2022, POWERCHINA will implement a reorganization to replace the real estate sector assets held by it with the high-quality power grid auxiliary industry-related assets held by POWERCHINA to realize the divestiture of the real estate business.

After completing the "check-out", POWERCHINA will continue to leverage the advantages of traditional core businesses and transform into the new energy field. In 2021, POWERCHINA will achieve an operating income of 448.98 billion yuan, a year-on-year increase of 11.7%; a net profit of 8.632 billion yuan, a year-on-year increase of 8.07%.

Among them, in 2021, POWERCHINA won the bid and implemented a number of major new energy projects, and the contract value of newly signed wind power business, photovoltaic power generation business, and pumped storage power station business throughout the year was 86.52 billion yuan, 37.98 billion yuan, and 20.24 billion yuan, a year-on-year increase. 29.8%, 84.2%, 342.9%. In 2022, POWERCHINA plans to invest 48.332 billion yuan in the field of new energy.

The proportion of clean energy in the power sector is close to 82%

Since the construction and power industry in which it is located is a capital-intensive industry, after completing the "check-out", POWERCHINA will further enhance its financial strength through equity financing.

A few days ago, POWERCHINA disclosed a fixed increase plan. The company plans to raise no more than 15 billion yuan, which will be invested in high-quality engineering contracting projects, investment and operation projects in the strategic development field, offshore wind power survey and construction business equipment procurement projects and compensation. Debt replenishment.

In the whole year of 2021, POWERCHINA won the bid and implemented a number of major new energy projects. The contract value of newly signed wind power business in the whole year was 86.52 billion yuan, an increase of 29.8% year-on-year; the contract value of photovoltaic power generation business was 37.98 billion yuan, an increase of 84.2% year-on-year; The contract value of energy storage power station business was 20.24 billion yuan, a year-on-year increase of 342.9%.

According to the plan, in 2022, POWERCHINA plans to start construction of new energy installed capacity of more than 10 million kilowatts, plans to approve 4 pumped storage projects with a total installed capacity of about 5 million kilowatts, and plans to invest 48.332 billion yuan in the new energy field.

POWERCHINA believes that this non-public offering will gradually transform and upgrade the company from a traditional general contractor of water conservancy and hydropower construction projects to fields such as "water, energy, city, and sand", especially new energy, pumped storage and other fields , providing strong support to comprehensive developers who contract, invest and operate diversified businesses. It is worth noting that as of the end of March 2022, the asset-liability ratio of China Power Construction was 77.67%, which was at a relatively high level. The increase of funds raised this time will also improve the company's financial situation to a certain extent and enhance its ability to resist risks. Editor / Xu Shengpeng


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