Xin Xin Ke (002015):2019 Net Profit Growth Of Two Years, Increase The Code Of Wind Power Projects

On the evening of March 10th, 002015.SZ released its 2019 earnings bulletin. The company achieved a total revenue of 10 billion 900 million yuan in 2019, an increase of 33.53% over the same period last year, and a net profit of 549 million yuan attributable to shareholders of listed companies, an increase of 65.48% over the same period last year. The company's basic earnings per share were 0.4060 yuan, up 55.79% over the same period last year.

For the reasons for the growth of performance, the company said that the relevant natural gas and garbage power plants put into operation during the reporting period were gradually transferred to operation, and in the first half of 2019, a wind power generation company was acquired. The installed scale and the profit of the operating power plant all increased year by year, which improved the overall performance of the company.

Since the completion of restructuring Xinxin intelligent energy in May 2019, the net profit of the former group was 5 million 378 thousand and 700 yuan in 2018, and the corresponding figure after the reorganization was 330 million yuan, up 65.48% from the same period last year.

In addition, when restructuring and listing, Xinxin intelligent energy made a performance promise that the net profit after 2019 is not less than 371 million yuan, 581 million yuan and 598 million yuan respectively. In view of this, the -2021 performance pledge has been completed in 2019.

Prior to the announcement of the earnings report, the company had been worried about whether it could cause losses because of the impairment of assets. In February 28th this year, the company announced that the company's credit impairment provision and asset impairment provision totaled 113 million yuan in 2019. It is expected to reduce the net profit attributable to the parent company 2019 yuan to 69 million 820 thousand yuan in February 28th, and reduce the 2019 year attributable to the owners' equity of the parent company by 69 million 820 thousand yuan.

In this regard, Xinxin branch insiders told financial union reporters: "the provision for impairment of assets has been taken into account in the company's 2019 performance forecast in January, and will not affect the company's annual performance forecast. Moreover, the annual target of GCL is expected to be over fulfilled.

In the latest financial data, the total assets of the company were 24 billion 67 million yuan, an increase of 18.29% compared with the beginning of the year, and the owner's equity of the shareholders belonging to the listed company was 4 billion 827 million yuan, an increase of 31.69% over the beginning of the year.

It is worth mentioning that the related natural gas and garbage power plants built in 2018 by Xinxin energy control group, intelligent energy company, will gradually be converted into operation. Last year, they continued to push forward the 2 billion 320 million yuan scale increase. Of these, 1 billion 720 million yuan is invested in the Jiangsu Sihong wind power project, the Jiangsu Funing wind power project and the Inner Mongolia Huangshan banner wind power project, and 600 million yuan is used to supplement the working capital.

For the overweight wind power project, the chief executive of the xinxinke branch said to the Associated Press reporter that vigorously developing clean energy projects and upgrading renewable energy installed capacity is one of the core business development plans of the company. As a clean energy operator and service provider involved in the production of electricity and heat, the subordinate companies have worked overtime during the epidemic prevention and control to fully protect the needs of the people's livelihood, and have successfully completed the established business objectives.

In fact, since February, PV listed companies have begun to disclose their performance forecasts. Of the nearly 40 PV listed companies that have already announced their performance, about 60% of the profits are made, while Longji shares, Dongfang Risheng, Jilin technology, and xinxinke have a larger growth rate. Among them, Longji shares is expected to achieve net profit attributable to shareholders of Listed Companies in 2019, from 5 billion yuan to 5 billion 300 million yuan, an increase of 95.47% to 107.19% compared with the same period last year.

Industry analysts told financial union reporters that in the stronger situation of the stronger, the integration of photovoltaic industry will also further accelerate in 2020, and from the emergence and expansion of the company, it also confirms that the strength of production capacity will be linked to the company's performance in the pattern of industry differentiation.