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龙净环保(600388):绿电业务全面发力
Xin Lang Cai Jing· 2025-09-15 02:25
Core Viewpoint - The company is advancing its green energy business through significant investments in hydroelectric and integrated energy storage projects in Congo and Tibet, which are expected to enhance profitability and operational efficiency [1][2][3]. Investment Highlights - The company’s subsidiary, Zijin Longjin, has acquired an 80% stake in GML in Congo, securing the development rights for a 140MW hydroelectric project with a total investment of approximately $399 million [2]. - The company plans to invest in the Mali Cuo integrated energy storage project in Tibet, with a total investment of about 2.391 billion yuan [2]. Project Details - The Congo hydroelectric project will operate under a BOT model for 30 years, with a construction period of 3.5 years, and is expected to generate 714 million kWh annually, with 90% of the electricity supplied to Zijin Mining at a price of $0.16 per kWh [3]. - The Mali Cuo project will provide power for lithium-boron mining operations, utilizing a BOO model, and is expected to be operational by Q2 2026, with a competitive electricity price of 0.7 yuan per kWh [4]. Business Performance - The green energy segment is contributing positively to the company's performance, with ongoing projects and stable operations in the Lagocuo phase one [4]. - The company has secured a substantial order backlog in the environmental sector, with new contracts worth 5.37 billion yuan and a total of 19.971 billion yuan in hand [4].