九洲集团(300040) - 九洲集团调研活动信息

Group 1: Company Overview - Harbin Jiuzhou Group Co., Ltd. focuses on building a comprehensive smart energy system based on smart equipment and renewable energy, aiming to meet social electricity demands in a green and intelligent manner [1] - The company has developed three main business segments: intelligent equipment manufacturing, renewable energy, and comprehensive smart energy services [1] Group 2: Business Development - Since 2015, the company has transitioned from a pure equipment supplier to a modern intelligent manufacturing model that integrates "equipment + design + construction + finance" [2] - By the end of 2020, the company had constructed, invested in, and operated renewable energy projects exceeding 1000 MW, including wind, solar, and biomass power plants [2] Group 3: Competitive Advantages - The company possesses rich experience in the development and construction of renewable energy projects, holding various qualifications that enable full-process management of these projects [2] - The construction costs for solar and wind power are continuously decreasing, while the efficiency of power generation equipment is improving, enhancing the company's competitive edge [2] Group 4: Financial Strategy - For new energy projects, 30% of total investment is equity investment, while 70% is debt investment; the company plans to address funding needs through capital market refinancing and bank loans [3] - All new energy projects will commence construction only after securing a closed funding loop [3] Group 5: Biomass Power Generation - The company's biomass power plants are strategically located in Qiqihar, Heilongjiang, where fuel resources are abundant and competitively priced [3] - The biomass power plants not only generate electricity but also provide heating, cooling, and water treatment services, enhancing revenue and cash flow [3] Group 6: Industry Trends and Future Outlook - The wind power sector is entering a parity era in 2021, with expectations for further cost reductions due to technological innovations and component localization [4] - The photovoltaic sector is anticipated to become the primary power source, supported by advancements in storage and smart grid technologies [4] - The company expects significant growth in performance in 2021 and 2022, with power generation revenue and profits projected to double compared to 2020 [4]