50 Billion Giants Split 28 Billion Subsidiaries to List the First Share of "China Household Photovoltaic" May Be Born

later, Zheng Tai'an can officially welcome the parent company's plan for its spin-off listing. On the evening

of June 4, Zhengtai Electric issued a spin-off listing plan announcement, intending to split its holding subsidiary Zhengtai Aneng Digital Energy (Zhejiang) Co., Ltd. into the main board of the Shanghai Stock Exchange.

The largest domestic photovoltaic energy operation service provider, known as the "ceiling" of household photovoltaic, began to rush to IPO.

yuan after

five rounds of financing, Zhengtai Aneng is mainly engaged in household photovoltaic energy operation and service business , and its brands include "Aneng" and "Photovoltaic Star". The main business models include "Dayangfang", "Caiguang House", "Golden Roof" and "Muguangting".

In recent years, Zhengtai'an can promote business transformation and upgrading by combining its own advantages in the whole industry chain of development, collection, inversion, transformation, distribution, delivery and control system products.

As the only household photovoltaic business platform of Zhengtai Electric Appliances, Zhengtai Aneng has become the largest household photovoltaic energy operation service provider in China, with a current market share of 37% , and one out of every four households chooses Zhengtai Aneng.

From 2020 to 2022, the operating income of Zhengtai'an Energy is 1.633 billion yuan, 5.661 billion yuan and 13.704 billion yuan respectively . Profit attributable to parent company amounted to 253 million, 867 million, 17.

Company exceeds 15GW0HTML0 UNK2." In 2021, the installed capacity achieved in a single year was approximately 4.4G W, representing a market share of over 20%; in 2022, the installed capacity achieved in a single year; 7. By May this year, the number of households of household photovoltaic power stations of Zheng Tai'an Neng had reached 0 HTML0 UNK2 2 million 0 HTML0 UNK2 3. 0 HTML0 UNK2 4 By the end of 2022, according to the incomplete statistics of DNE, Zhengtai Anneng has completed five rounds of financing 0 HTML0 UNK2 5 0 HTML0 UNK2 6, 0 HTML0 UNK2 7 with a market value of more than 28 billion 0 HTML0 UNK2 8. 0 HTML0 UNK2 9 In February 2021, Zhengtai Anneng's Pre-a round of financing was led by its parent company, Zhengtai Electrical Appliances, with an unknown amount of financing. 0 HTML 0 UNK3 0 In July 2021, Zheng Tai'an was able to conduct the first round of strategic financing, with a financing amount of 1 billion yuan. 0 HTML 0 UNK3 August 2021, Zhengtai'an can complete a round of 1 billion yuan financing. 0 HTML 0 UNK3 2 a year later, at the end of October 2022, Zhengtai'an announced that it had completed the B-round financing again, and then the valuation reached 28 billion yuan. 0 HTML 0 UNK3 312 months, another round of capital increase and share expansion with a total amount of 2.23 billion yuan was carried out. The shareholding ratio of Zhengtai Electric in Zhengtai Anneng will be changed from 67.01% to 62.0 HTML0 UNK3 4 SRC = "https://img7.ccement.com/richtext/img/16xd1bxlhje1686015422757.0HTML0UNK35 Household Photovoltaic Ushers in the Wind 0 HTML0 UNK3 6 On May 18, the second session of the Household Photovoltaic Innovation and Development Conference was held At the meeting, Nan Cunhui, chairman of Zhengtai Group, said publicly, "At present, a new round of energy revolution in the direction of green and low carbon is booming all over the world.". Under the guidance of technological progress and policy, photovoltaic has become the main force to optimize the energy pattern. By the end of March, the cumulative installed capacity of photovoltaic in China has surpassed that of hydropower, becoming the second largest power source in the country, and household photovoltaic is heading for the fast lane of development. 0 HTML 0 UNK3 7 is different from centralized power plants and industrial and commercial distribution, the household photovoltaic market presents the characteristics of 0 HTML 0 UNK3 8, small capacity, scattered distribution, close to users 0 HTML 0 UNK3 9, and has been a top-down 0 HTML 0 UNK4 0 "top-level design" 0 HTML 0 UNK4 1 in the process of market development. It develops under the dual guidance of the national 0 HTML 0 UNK4 2 "Double Carbon Strategy" 0 HTML 0 UNK4 3 and 0 HTML 0 UNK4 4 Rural Revitalization Strategy 0 HTML 0 UNK4 5.

In 2013, the State Council launched the "Eight Articles of the State" and the "Six Articles of the State", establishing a centralized and distributed line.

In 2021, The National Development and Reform Commission (NDRC) and the National Energy Administration (NEa) have also issued a number of policies to encourage and support the development of household photovoltaics, such as the Notice on Submitting the Pilot Scheme for the Development of Distributed Photovoltaics on the Roofs of Counties (Cities and Districts), the Notice of the State Council on Promoting Agricultural and Rural Modernization Planning in the 14th Five-Year Plan, and the Implementation Plan for Promoting the High-quality Development of New Energy in the New Era.

In 2022, the photovoltaic state subsidy was withdrawn, but the local government subsidy for household photovoltaic continued. According to incomplete statistics of digital new energy DNE, up to now, more than 20 regions in Beijing, Zhejiang, Jiangsu and other provinces (cities) have put forward electricity price subsidies, subsidies or incentives for new distributed photovoltaic projects. Some regions have also opened the way for household " policies, and enterprises have made great efforts, with the gradual improvement of market awareness and customer recognition of household photovoltaic. In recent years, the scale of China's household photovoltaic market has been further expanded, with the market penetration rate increasing from 1.2022 in 2020 to 87.41 GW in grid-connected capacity of photovoltaic power generation

in China , and the proportion of distributed photovoltaic power plants is close to 60%.

In the off-season of photovoltaic in the first quarter of this year, the new grid-connected capacity of photovoltaic in China exceeded 33 GW, an increase of nearly 155% over the same period last year, of which 9 GW was added to household distributed photovoltaic , accounting for more than one third. It is basically the same as the distribution of industry and commerce, and achieves growth beyond expectations. With

great development prospects and low penetration rate, the huge blue sea market not only attracts the central state-owned enterprises to accelerate investment, but also attracts the giants such as Jingao, BYD, Atlas, Jingke, Longji, TBEA, TCL Zhonghuan and so on. The market structure is also gradually moving towards the development mode of "central enterprises + state-owned enterprises + photovoltaic enterprises".

Subsequently, if the first share of "household photovoltaic" can be listed as scheduled, China's household photovoltaic market may usher in a new stage of development.