China Securities Network (Reporter Zhiguo Zhao) at the end of the implementation of the debt restructuring and debt guarantee given by the success of Dongfang Thermoelectric shell, its major shareholder commitment to inject assets finally made substantial progress. June 27 evening, Dongfang Thermoelectric announced plans to cash for the actual controller China Power Investment Group (CPI Group) under the Hebei subsidiary of two new energy company 100% stake. Dongfang Thermoelectric Energy intends to acquire two new companies were voted Yixian new energy generation company CLP (abbreviation: Yixian new energy) and China Power Investment Cangzhou Bohai New New Energy Co., Ltd. (abbreviation: Cangzhou New Energy). Are responsible for the management and operation of Yixian Tai Chong 20,000 kilowatts of photovoltaic power generation projects and Cangzhou 50,000 kilowatts of photovoltaic power generation projects.
The Power Investment capital to be injected into two photovoltaic, rather than widely expected Liangcun thermoelectric (the company has 49% of shares) shares. Also with the original Power Investment commitment "to create a company thermoelectric industry platform" some discrepancies. Last year in June, according to the China Power Investment Group, the relevant commitment of the company restructuring, China Power Investment Group will be in after the completion of the free transfer or release for three years, according to factors related to the assets position of the Company, capital market conditions, by appropriate means, to gradually inject Hebei region have Thermoelectric related assets and other high-quality assets conditions, China Power Investment Group to build a thermoelectric industry platform.
According to the China Securities Network reporter learned that the company entered the China Power Investment Hebei Hebei nearly four years, and its main business is cogeneration, wind power, solar power, biomass power generation, nuclear power and other clean energy development, IGCC and coal chemical project development, thermal sales and heat pipe network construction. The company's development goal is to "Twelve Five", the controllable installed capacity of over three million kilowatts of power, in which the proportion of clean energy generation over 50%. According to the relevant parties, currently in Hebei, China Power Investment in solar power projects and more projects, such as new energy-based electricity, such as 2012 production of Yixian 20MWp photovoltaic power generation projects, for China Power Investment in Hebei's first photovoltaic power generation projects. There is also an imperial temple Xingtai 20MWp, 30MWp two photovoltaic projects, Chengde two 80MWp PV projects, Baoding Fuping 20MWp PV projects, Quyang Hau Tomb 50MWp PV projects come on stream.
From the acquisition of the subject of the Company disclosed in this announcement, the asset quality is relatively good two photovoltaic power plants, photovoltaic power plants for which the Yixian Power Investment Group in Hebei Province, the first photovoltaic project, May 30, 2012 to start the construction, the same year December 25 put into power generation. Cangzhou photovoltaic power plant February 18, 2013 put into power, is the largest capacity in Hebei Province has been put into operation, the highest investment in photovoltaic power generation projects. As of the end of May 2014, the total assets of 212 million yuan of new energy Yixian, total liabilities of 139 million yuan and net assets of 073 million yuan. January-May 2014 net profit of 5.67 million yuan. Cangzhou new energy with total assets of 441 million yuan, total liabilities of 326 million yuan and net assets of 115 million yuan, in 2014 net profit of 15.6 million yuan from January to May.
Insiders pointed out that this asset injection from the situation, the company intends to transition from conventional thermoelectric industry to clean energy companies, but the future of its major shareholders photovoltaic, wind power and biomass power generation and other new energy projects will inject all the remains to be seen .
In addition, CPI's Liangcun thermoelectric project, which has a 51% stake, the company has 49% stake, the data show that in 2013 revenues of thermoelectric Liangcun 1.52 billion yuan, net profit of 187 million yuan.
According to the relevant provisions of the Shenzhen Stock Exchange, the company's application, the company stock since June 30, 2014 opening date for resumption.