CSG Energy(SZ:003035)2023-05-24 10:14Company Overview - South Network Energy Co., Ltd. was established in 2010 to focus on energy conservation and emission reduction, with a mission to provide comprehensive energy services [1] - The company has evolved from energy-saving modifications for injection molding machines to a wide range of services, including industrial energy conservation and building energy efficiency [2] Business Performance - As of the end of 2022, the company had an operational distributed photovoltaic capacity of 1.3597 million kW and a cumulative building energy-saving service area of over 8 million square meters [2] - The projects have saved approximately 14.5 billion kWh of electricity, equivalent to saving 4.72 million tons of standard coal and reducing carbon dioxide emissions by 13.41 million tons [2] Future Development Goals - By 2025, the company aims to establish a modern corporate governance mechanism and mature market-oriented operational mechanisms, while maintaining its leading position in energy-saving services [2] - By 2035, the company plans to dominate domestic operations and develop international business, becoming a leader in the new ecosystem of the comprehensive energy industry with global competitiveness [2] Challenges and Solutions - The main challenges for developing distributed photovoltaic projects include project feasibility assessments, customer creditworthiness, and site conditions [3] - The company has developed a comprehensive project evaluation and risk management system to ensure smooth operations and enhance energy-saving benefits [3] Value-Added Services - In addition to saving electricity costs, distributed photovoltaic systems can lower indoor temperatures, reduce energy consumption, and enhance the competitiveness of exported products [3] - The integration of distributed photovoltaic systems with energy storage and demand response services contributes to the construction of a new power system in China [3] Industry Outlook - Driven by national "dual carbon" goals, the renewable energy sector is expected to experience significant growth during the 14th Five-Year Plan period, with non-fossil energy consumption projected to reach about 20% by 2025 [4] - The average annual new installed capacity of photovoltaic systems is expected to reach approximately 90 GW, with distributed photovoltaic systems becoming the main driver of growth [4] - In 2022, the newly installed capacity for centralized and distributed photovoltaic systems was 36.29 GW and 51.11 GW, respectively, with distributed systems accounting for 58.48% of the total [4]