Xin Xin Ke (002015):2019 Net Profit Rose 66.83% Over The Same Period Last Year, Green Electric Installed Capacity Accounted For Nearly 90%.

In April 30th, the company released its first annual performance report, focusing on green energy operations and integrated energy services. During the reporting period, the company achieved operating income of 10 billion 898 million yuan, an increase of 33.5% over the same period, and a net profit of 554 million yuan attributable to shareholders of listed companies, an increase of 66.83% over the same period last year. In 2018, after the performance commitments were exceeded, in 2019, the net profit of the parent company was 540 million yuan after the deduction of non recurring gains and losses, and the completion rate of performance commitment was 145.50%. On the same day, xinxinke released the first quarterly report in 2020. During the reporting period, the company achieved operating income of 2 billion 516 million yuan, an increase of 15.52% over the same period, and the net profit attributable to shareholders of listed companies was 89 million 876 thousand and 600 yuan, an increase of 175.76% over the same period.

Over two years' commitment to clean energy + integrated energy services

In June 2019, xinxinke completed a major asset restructuring. The main business of the company was transformed into clean energy generation, cogeneration and integrated energy services. It became one of the leading non-public energy generation and CHP operators and service providers in China.

According to the restructuring performance commitments, the consolidated financial statements of smart energy resources from 2018 to 2021 will be reduced to 195 million yuan, 371 million yuan, 581 million yuan and 598 million yuan after deducting non recurring gains and losses. In 2018, the completion rate of Xinxin intelligent energy performance commitment was 103.13%, and the completion rate of performance commitment in 2019 was 145.50%.

In terms of green energy operation, as of the end of 2019, the company has installed capacity of 3160.64MW, an increase of 526MW compared with the same period last year, including gas turbine, heat and power cogeneration 2497.14MW, wind power 205MW, biomass power generation 60.5MW, garbage power generation 66MW, coal-fired cogeneration 332MW. During the reporting period, the total settlement power reached 14 billion kwh, an increase of 41.91% over the same period last year, and the completion of the 15 million 190 thousand tons of the settlement volume, an increase of 22.93% compared with the same period last year, and the completion of the garbage disposal volume of 1 million 330 thousand tons, an increase of 55.6% over the same period last year.

As of December 31, 2019, the total installed capacity of the power plant of Xinxin Energy Holding Co., Ltd., 3160.64MW, accounted for nearly 90% of the installed capacity of clean energy installed by natural gas and wind energy in addition to 332MW of coal-fired cogeneration.

To seize the new round of electricity reform opportunities, Xinxin energy company has advanced military comprehensive energy services, and now has more than 4000 industrial and commercial customers in the fields of electricity sales, demand side, heating and so on. In recent years, the performance is commendable: it is the largest private enterprise participating in the domestic incremental electricity distribution business reform project. The Yangzhong project has won the first electricity business license in the state grid area. In January 2019, it won the bid for the Suzhou double hill island incremental distribution network project. In June, the Jinzhai modern industrial park's incremental power distribution business pilot project was put into operation. In 2019, when the electricity consumption was 15 billion kwh, the renewal rate of old customers reached as high as 80%. In the forefront of energy storage market, the company built the Chang'e series energy storage power station, and now managed the 26MWh user side energy storage project. The Chang'e 1 project is the largest single lithium battery energy storage project on the domestic user side. In the field of energy efficiency management, the company has the first class capital of the "demand side management service organization". Quality, user side management capacity exceeds 12 million kVA, completed L'OREAL natural gas distributed project in 2019.

Energy eco service provider data center strategic blessing

Fei Zhi, general manager of Xinxin energy branch, said that forward-looking strategic planning and sound management and management capabilities are key to the company's strong growth. First of all, the company focuses on the competitive cogeneration project. It has a differentiation strategy in the product structure, regional distribution and installation structure, and it has strong ability to resist risks. Second, the company has ample reserves in its hands. According to the the Great Wall Securities Research Report, the scale of the proposed construction project in 2019 is 2278MW. In 2020, when the equity investment project was completed, the installed capacity of the company will increase by 245MW.

We will transform energy production into energy service and lead the future. We will focus on green energy operation and comprehensive energy services. We will focus on clean energy generation and cogeneration as well as the layout of energy storage, energy efficiency management and distribution business. We will build a "source, network, sale, use and cloud" system and become a leading energy ecosystem service provider. In 2020, in the field of clean energy power generation and cogeneration, the company will continue to promote the competitive gas turbine heat and power cogeneration project, vigorously develop the price parity Internet wind power project, and continuously promote the project of garbage power generation and venous Industrial Park. In terms of integrated energy services, the company will continue to focus on energy storage, electricity sales and energy efficiency management, including building a large scale comprehensive energy demonstration area and promoting new energy retail business.

It is worth mentioning that in the face of the wave of new digital infrastructures, xinxineng branch has a prominent advantage in the integrated supply of cold, heat and electricity services. The company first proposed in the 2019 annual report that the data center will become an in-depth research object of the future development strategy. It will make full use of the thermal and cold resources laid out in the surrounding clean energy plants such as Shanghai and Guangzhou, and layout the data center project.

The big data center has the characteristics of continuous operation, stable power load, stable cooling load, and large power consumption and cooling capacity. There is a huge market demand for a stable integrated supply of energy for cold, heat and electricity. The layout of the cooperative project in the first tier cities and its surrounding areas has great opportunities to solve the difficulties of data center construction and find a balance between the Internet users, ensuring energy security and reliability, reducing the pressure of energy saving and emission reduction, and controlling the cost of civil engineering.