On May 25, Hongrun Construction announced that on May 19, the company signed the Project Cooperation Agreement with Hongrun No.1 (Xuancheng) Energy Investment Partnership and Wang Jianhong to enter the field of energy storage. The new energy industry territory of this construction giant has been expanded again! Ccement. Com/richtext/IMG/69pw205sqia1685583531882.
The amount and mode of contribution of each party, The proportion of capital contribution shall be determined as follows:
data, Hongrun Construction was founded in 1994. In the first 20 years, its main business included construction, infrastructure investment and construction (including municipal roads and bridges, rail transit, underground engineering and comprehensive pipe galleries, housing construction, etc.), which was listed in 2006.
As a giant in the construction industry for nearly 30 years, Hongrun Construction has been focusing on the investment and construction of rail transit, municipal engineering, real estate development, infrastructure and other projects for many years. Shanghai Taiyang Green Energy Co., Ltd. was acquired for 202.3 million yuan in 2011.
In October 2012, the company invested 26 million yuan to establish Qinghai Hongrun New Energy Investment Co., Ltd. and began to develop photovoltaic power station business in Qinghai.
In 2014, 80MW PV power stations in Qinghai were successively connected to the grid, and began to operate stably after completing 48.1 million degrees of power generation in that year, and maintained at about 130 million degrees.
From 2014 to 2022, the company's photovoltaic business sector revenue accounted for less than 2% of the company's total revenue for a long time, the highest proportion in 2017 was only 1.7%, and the total revenue was stable at 1.
Shanghai Taiyang Green Energy Co., Ltd., the first photovoltaic company built by Hongrun, has made great achievements. Its operating profit has been negative for more than ten years. It was not until 2022 that it turned losses into profits and achieved 402.
Hongrun's photovoltaic business, which has been built for more than ten years, is supported by the 80MW power station in Qinghai.
Once "awakened", Hongrun Construction seemed to finally remember its tepid photovoltaic business and suddenly began to accelerate the development of the sector
until early 2022. On January 13,
2022, Hongrun Construction announced that it had signed an agreement with Shanshan to merge and integrate the photovoltaic new energy assets and business of Shanshan, and to cooperate strategically with Shanshan in photovoltaic new energy. It also proposes to expand the business of photovoltaic building integration, photovoltaic county, investment and operation of green power assets, energy management, energy storage and so on.
Subsequently, the company reached a consensus with Trina Solar to jointly expand the BIPV field, and reached an agreement with Anhui Xinneng to jointly develop photovoltaic power plant projects. On December 27,
2022, Hongrun Construction announced again that it intends to invest in 5G W high-efficiency photovoltaic module projects in China, with a total investment of no more than 1 billion yuan. It mainly carries out large-scale technology development, production and sales of N-type photovoltaic modules, including heterojunction modules and TOPCon.
In 2022, the company immediately announced a fund-raising plan on January 17, 2023 to raise funds on March 7, 2015
. Hongrun Construction also announced that it would invest in the construction of 10g W high-efficiency photovoltaic cells and modules and 900 MW centralized photovoltaic power station projects in Xuanzhou District, Xuancheng, Anhui Province, to further expand its layout in the photovoltaic field.
In addition to this layout of energy storage, the new energy layout of Hongrun Construction has changed from ten years of" assistance "to" main force "? 1.7 billion yuan, 10.321 billion yuan, 8.699 billion yuan, net profit 414 million yuan, 399 million yuan, 3.
The main business sector, construction and municipal infrastructure investment business is declining seriously. In 2022, the revenue share of this sector dropped from 92.52% in 2021 to 65.
In this case, the company began to seek to build the second growth pole.
In 2021, Hongrun Construction first proposed in its annual report that it should actively expand the layout of photovoltaic new energy, and plan to invest no less than 1GW in distributed photovoltaic power plants in the next three to five years to promote the transformation and upgrading of the company.
Subsequently, in the annual report of 2022, it was emphasized once again that the EPC and operation of photovoltaic power plants should be taken as the starting point to extend to the energy storage business, expand the company's integrated energy service sector, and enhance the company's "building + new energy" two-wheel driving capacity. It is
also in this annual report that Hongrun Construction first confirmed the new energy sector business as the "second growth curve" that the company will focus on in the future.
At the 16th (2023) International Solar Photovoltaic and Intelligent Energy (Shanghai) Conference and Exhibition just past, Hongrun Taiyang (Xuancheng) Green Energy, a wholly-owned subsidiary of Hongrun Construction, officially launched TOPSOLA, a photovoltaic module brand . The brand includes N-type Topcon double glass modules-PHOENIX Phoenix and heterojunction HJTN 210 double glass modules . The highest conversion efficiency reached 22.45% and 22% respectively.
On the one hand, it is an effective supplement to the photovoltaic business, and on the other hand, it is also in line with the industry development trend of "integration of photovoltaic and storage" to achieve expansion and development. As stated in the announcement, this investment is conducive to giving full play to the EPC general contracting capacity and competitive advantages of the company's main construction industry, photovoltaic power stations and energy storage projects, and expanding the company's integrated energy service sector by creating its own brand energy storage products. With
intensive and continuous actions and the rapid layout of photovoltaic and energy storage, Hongrun Construction has changed its previous carelessness and begun to face up to the value of photovoltaic for the company. Whether this early photovoltaic pioneer can catch up from behind and regain its own glory, we will wait and see.
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