Core Viewpoint - Shenzhen Energy's wholly-owned subsidiary, Northern Holdings, plans to invest 6.822 billion yuan in the construction of the compressed air energy storage project in Xilin Gol League, which will be financed partly through self-funds and partly through financing solutions [1] Group 1: Investment Details - The project will utilize 1.394 billion yuan of self-funds, with the remaining amount to be financed [1] - Shenzhen Energy intends to increase its capital contribution to Northern Holdings by 1.392 billion yuan, which will subsequently increase Northern Holdings' capital contribution to the project company by the same amount [1] - Following the capital increase, Northern Holdings' registered capital will rise from 7.063 billion yuan to 8.455 billion yuan, while the project company's registered capital will increase from 200,000 yuan to 1.394 billion yuan [1] Group 2: Strategic Implications - The project aligns with the company's strategic development goals, indicating a focus on expanding energy storage capabilities [1] - However, the project is noted to have risks associated with a long construction cycle [1]
深圳能源:拟68.22亿元投资建设储能项目并进行增资