Plan to invest 560 million! Conch Cement signed a new project! Cement enterprises increase the layout

2024-01-25 10:06:56

In this contract, the company intends to invest 560 million yuan in Wangbu Town to build a 100m W composite photovoltaic power generation project.

On January 8, the second week of 2024, the signing ceremony of a batch of projects in Yingde City, Guangdong Province was held in Yinghong Town. Eight projects were signed and eight projects were started, with a total investment of over 6.7 billion yuan.

Yingde Conch Cement Co., Ltd. is a leading enterprise in the cement industry in Yingde. Since its establishment and operation, it has achieved a total industrial output value of 36.45 billion yuan, paid various taxes of 6.24 billion yuan, solved the local employment of more than 3000 people, and made outstanding contributions to the local economic development.

In this contract, the company intends to invest 560 million yuan in Wangbu Town to build a 100m W composite photovoltaic power generation project. "The company is full of confidence in the future development of Britain and Germany, and plans to implement technological transformation measures, technological innovation, strong industrial chain and complementary chain for traditional industries, so as to enhance the competitiveness of enterprises and promote the high-quality development of enterprises by continuously saving energy and reducing consumption, reducing costs and increasing efficiency." Relevant person in charge of Yingde Conch Cement Co., Ltd. said that after the completion of the project, the annual power generation is about 140 million degrees, the average annual output value is more than 560 million yuan, and the average annual carbon dioxide emission reduction is about 116300 tons. The photovoltaic power station

of Tongling Conch Photovoltaic Project

is favored by cement enterprises for its high industry maturity and low entry threshold. Cement enterprises reduce the purchase of electricity through photovoltaic power generation to achieve the goal of "zero purchase of electricity", and then reduce carbon emissions to achieve green development. The layout of photovoltaic power plants is an important development direction for cement enterprises to reduce carbon emissions. At the same time, it is also one of the ways for enterprises to actively transform and upgrade and cultivate new profit growth points.

It is understood that in 2023, the development of new energy industry of Conch Cement entered the fast lane, with 111 photovoltaic power generation and energy storage projects and 798 MW installed capacity of clean energy, ranking first in the national cement industry.

Jidong Tianjin Photovoltaic Project

Jinyu Jidong Cement has recently successfully connected six photovoltaic power generation projects to the grid, with an estimated annual total power generation of 17 million kWh, a total saving of more than 5200 tons of standard coal and a total emission reduction of more than 14000 tons of carbon dioxide. It is reported that in 2023, Jinyu Jidong Cement made an overall plan for the new energy business, and successively started the construction of 12 photovoltaic power generation projects, with a total installed capacity of 46 MW.

Tapai Group said that in the first half of 2023, the distributed photovoltaic power generation project of "self-use, surplus electricity access to the grid" within the red line of the factory area of the company and its affiliated enterprises realized the income of surplus electricity access to the grid of 1.0996 million yuan, a substantial increase of 146.04% over the same period of last year. The Company's construction plan for photovoltaic power generation projects is to "build as much as possible". In the next step, the Company will speed up the feasibility study progress of distributed photovoltaic power generation projects for raw material shed roof construction in cement production enterprises, further expand the installed capacity of photovoltaic power generation and increase the proportion of clean energy use.

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Correlation

On November 21, the Western Construction (002302) issued a prospectus for issuing stocks to specific targets in 2021. The company plans to introduce Conch Cement as a strategic investor through this issue, and Conch Cement will subscribe for 183 million shares, accounting for 12.48% of the total equity after the issue, becoming the second largest shareholder. The purpose of this issue is to optimize the capital structure, supplement liquidity and repay bank loans, which is expected to bring the company an annual increase of 8.85 billion yuan in operating income and a total profit of 708 million yuan, up 38.71% and 78.23% respectively from 2023.