Solar: The potential for growth is huge

On October 30, solar energy released the third quarter report of 2019, realizing operating revenue of 3.669 billion yuan, up 22.29% year on year; Net profit was 818 million yuan, up 13.81% year-on-year; The deduction of non-net profit was 886 million yuan, up 26.22% year on year. The company achieved revenue of 1.627 billion yuan in the third quarter, up 60.96% year on year; Net profit of 440 million yuan, up 58.65% year on year; Withhold non-net profit of 435 million yuan, up 59.96% year on year.


The company's business is mainly composed of two parts: solar power generation, solar module manufacturing. Among them, solar power generation is the most important source of income and profit. Listed companies develop and operate solar photovoltaic power stations through their project subsidiaries. The electricity produced by centralized photovoltaic power stations is mainly sold to power grid companies, while distributed photovoltaic power stations are mainly for terminal enterprise customers.


As a leading photovoltaic operator in China, the company is one of the largest investment operators focusing on solar photovoltaic power generation in China. It has six power station operation regions, namely West Central Region, Northwest Region, Xinjiang Region, North China Region, East China Region and Central China Region.


At present, the company operates about 3.53GW of power stations, 0.04GW of power stations under construction, about 1.13GW of power stations to be built (including the projects that enter the bidding subsidy scope list and the parity projects that have been registered) and the power stations that have signed the pre-purchase agreement and are under acquisition, 4.69GW in total.


The company not only occupies the advantage in the installed capacity, but also is very diversified in the types of photovoltaic power stations. Taking the centralized photovoltaic power station as an example, the company mainly focuses on the ground centralized photovoltaic power station in the west, and at the same time has developed various types of centralized power generation systems such as the photovoltaic agricultural science and technology greenhouse centralized photovoltaic power station and the tidal flat centralized photovoltaic power station in the central and eastern regions.


In addition, the use of establishing good relationship with local government, the company since its inception, through the way of signed a framework agreement with the government, in light resource better, surfing the Internet has targeted areas in good conditions, yield more than 18 gw quality solar photovoltaic power generation project size (now part of the project put into operation) have been completed, distribution in over a dozen provinces, municipalities and autonomous regions.


Large-scale high-quality reserve projects provide an effective guarantee for the company's follow-up rapid growth and sustainable development.