Core Viewpoint - The successful acquisition and restructuring of a 300 MW photovoltaic power project by CITIC Financial Assets in Ningxia demonstrates the company's commitment to supporting the development of the renewable energy sector and contributing to the national "dual carbon" strategy [3][4]. Group 1: Project Acquisition and Restructuring - CITIC Financial Assets Ningxia branch acquired nearly 1.9 billion yuan in debt from a struggling photovoltaic power company, facilitating its bankruptcy restructuring and revitalizing the 300 MW project [3]. - The company implemented a multi-faceted approach to address the challenges faced by the photovoltaic company, including acquiring core assets, engaging with the court, and introducing professional management for the restructuring process [3][4]. Group 2: Economic and Environmental Impact - Post-restructuring, the photovoltaic power station is expected to generate over 450 million kWh of renewable energy annually, reducing carbon emissions by 350,000 tons and saving approximately 135,000 tons of standard coal [4]. - The annual revenue of the company is projected to exceed 300 million yuan, with both carbon savings and revenue increasing by over 30% compared to pre-restructuring levels [4]. Group 3: Broader Implications and Achievements - The successful revitalization of the asset is part of CITIC Financial Assets' broader efforts to support ecological protection and high-quality development in the Yellow River basin [4]. - The company has also facilitated significant risk resolution for other financial institutions, ensuring the protection of investors' rights and maintaining social stability in the region [4][5]. - CITIC Financial Assets has developed a replicable business model combining bankruptcy restructuring with industrial upgrading, enhancing its financial service brand and receiving recognition from local governments and central enterprises [5].