On June 25, Tianhe Fujia Energy Co., Ltd. (Hereinafter referred to as "Tianhe Fujia") registered with Jiangsu Securities Regulatory Bureau for guidance and registration, intending to make an initial public offering and listing, and the guidance securities firm is CITIC Construction Investment Securities.
According to the announcement of the listing of Trina Solar's spin-off subsidiary on April 22, Trina Solar, a unit of Trina Rich (formerly known as Trina Wisdom), which focuses on small and medium-sized distributed ," Tianhe Wisdom has a high degree of independence between its business areas, operation modes and other businesses of the company. This spin-off will play a role in optimizing the allocation of resources, such as standardizing the governance operation of the capital market and broadening financing channels, and promote the common development of the company and Tianhe Wisdom.
The spin-off and independent listing of Tianhe Fujia, a controlled subsidiary, will promote the improvement of the operating capability of Tianhe Wisdom, and further optimize and improve the corporate governance of Tianhe Wisdom, so as to better bring stable investment returns to Tianhe Wisdom and the shareholders of the Company. Trina Solar
currently holds 70.
As early as December last year, there were rumors that Trina Fujia planned to split up and go public, which triggered a sharp drop in Trina Solar's share price at that time, and fell by more than 13% on December 6. In April
this year, Trina Solar officially disclosed the news that Trina Fortune would be split up and listed.
In 2019, Tianhe Fujia was still in a state of loss. However, due to the rapid development of distributed photovoltaic in recent years, from 2020 to 2022, Tianhe Fujia realized revenue of 982 million yuan, 3.981 billion yuan and 12.988 billion yuan respectively, and net profit of 75.3332 million yuan, 202 million yuan and 7. The annual compound growth rate of net profit is as high as 237.20-2022
, and the net profit of Trina Solar Energy is 1.229 billion, 1.804 billion and 3.68 billion respectively. Tianhe Fujia's profit accounted for 6.13%, 11.20% and 19.
In this context, the valuation of Tianhe Fujia has also begun to rise.
From 2021 to 2022, Tianhe Fujia made two capital increases, and after the completion of the second capital increase, the company's valuation was about 8.8 billion yuan . After
entering 2023, Trina Solar has stepped up the pace of capital increase to Trina Rich. In the first half of this year alone, two rounds of capital increase were carried out. In April
2023, Tianhe Fujia introduced three employee incentive platforms of Shanghai Fuqinhui, Shanghai Fuhuisheng and Shanghai Fuzhaoxu, and two institutions of Shanghai Lihe and Shiyan Fujiasheng. After the capital increase, the valuation of Tianhe Fujia rose sharply to 20 billion yuan . Subsequently,
on May 25, Tianhe Fujia announced its capital increase plan again. This time, it planned to increase its capital by 7. At the same time, Trina Solar gave up the preemptive right of this round, and its holding ratio of Tianhe Fujia dropped to 70.
The valuation of this round of capital increase maintained the previous valuation, that is, 20 billion.
At the 15th SNEC 2021 Shanghai Photovoltaic Exhibition in 2021, Gao Haichun appeared as Vice General Manager of Trina Solar Strategic Investment Department.
In less than two years after returning to China, Gao Haichun first served as deputy general manager of Trina Solar Energy Strategic Investment Department, then promoted to chairman of Trina Wisdom, and also served as a senior executive of Trina Energy Storage and Hydrogen Energy Company.
In recent years, the "light second generation" of photovoltaic enterprises has appeared one after another. Only recently, Liu Shuqi, the 34-year-old daughter of Tongwei Liu Hanyuan, took over the baton and became the new chairman and CEO of Tongwei, a leading photovoltaic enterprise with a market value of over 150 billion yuan.
Today, under the control of Gao Haichun, Tianhe Fujia is also about to go public. Whether this man can win his first 10 billion IPO under his father's 100 billion halo in 1990 and go to the market to ring the bell smoothly, digital new energy DNE will continue to pay attention.
浙公网安备33010802003254号