Shengyuan Environmental Protection 's ambition to transform into new energy is far more than photovoltaic . It has embraced the thighs of Three Gorges Energy and launched all-round cooperation in sea wind, photovoltaic, energy storage, hydrogen energy to firmly develop the second growth of new energy. Curve . The reason why Three Gorges Energy chose Shengyuan Environmental Protection for cooperation is mainly because Shengyuan Environmental Protection has been deeply involved in the biomass power generation industry in Putian, Quanzhou and other places in Fujian for many years, and has rich resource advantages. Fujian Province has the most outstanding sea breeze resource potential in the country. The average wind speed in the offshore waters of Fujian Province is large and the wind direction is relatively stable. The average wind speed at 100m can reach up to 10.3m/s, which is the highest in the country.
In addition, National Energy Administration agreed that the total scale of offshore wind power planning in Fujian Province is 13.3 million kilowatts, including 17 wind farms in the waters under the jurisdiction of Fuzhou, Zhangzhou, Putian, Ningde and Pingtan, the "14th Five-Year Plan" Enter the high-speed release period. Fujian's project return rate is significantly higher than the industry, IRR is as high as 12%, which is an important reason why Three Gorges Dad chose Shengyuan to cooperate. According to the company’s research minutes, the project ’s cooperation with the Three Gorges Project has a return on capital of 12%, an investment of 14 billion for 1GW, an annual revenue of 1.7 billion, and a profit of 800 million. According to the 50% cooperation ratio, wind power will increase profits of Shengyuan Environmental Protection by 400 million next year.
After today’s close, the company’s solid reply on the layout of wind power and photovoltaics:
The market has also ignored Shengyuan’s reserves of hydrogen energy cells. The company's foresight has already taken the lead in laying out the next generation of revolutionary solid-state battery , and its future explosive power is immeasurable.
The most important point is that the company's current position and valuation have an absolute margin of safety. ’s main business profit in 2021 is 472 million, a year-on-year increase of 55%. The production capacity of the main business of waste incineration will continue to be released this year. According to brokerage predictions, the main business profit this year will be 600 million. This corresponds to only 10 times the current valuation. The average valuation of the environmental protection industry is 15 times, and the reasonable valuation of the main business is at least 9 billion. Wind power projects will increase profits by 100 million next year, and the industry average PE is 25 times, so the company’s reasonable valuation is around 12 billion, corresponding to room for doubling. In addition, the current price of the actual controller is constantly buying and selling. The equity incentive repurchase price of at the beginning of this year was 30.41. The actual controller promised that all employees will protect their capital and profits. The current price of is 50% higher than the current price. You can imagine how the company will exert its share price in the future.
