JZ GROUP(300040)2022-11-22 03:04Group 1: Company Overview - Harbin Jiuzhou Group Co., Ltd. focuses on building a comprehensive smart energy system based on smart equipment and renewable energy, aiming to meet social electricity demands in a green and intelligent manner [1] - The company has developed three main business sectors: intelligent equipment manufacturing, renewable energy, and comprehensive smart energy services [1] - As of the end of 2020, the company has constructed, invested in, and operated renewable energy projects exceeding 1000 MW, including wind, solar, and biomass power plants [2] Group 2: Future Performance Outlook - The company's performance growth in 2021 is expected to primarily come from the scale increase of renewable energy power stations, with projected revenue and profits doubling compared to 2020 [2] - The operational scale of self-owned power stations increased from 170 MW in 2020 to 500 MW in 2021, with additional biomass power stations expected to be connected to the grid by year-end [2] Group 3: Advantages of Biomass Power Stations - The biomass power stations are strategically located in Qiqihar, Heilongjiang Province, where fuel resources are abundant and competitively priced [2] - The company integrates power generation with comprehensive energy services, including heating, cooling, and water treatment, enhancing revenue and cash flow from biomass power stations [2] Group 4: Industry Development Trends - Wind power is entering a parity era in 2021, with advancements in technology and domestic production of key components expected to further reduce costs [2] - Photovoltaic technology is experiencing significant cost reductions, positioning it as a major power supply source, supported by developments in energy storage and smart grid technologies [2] - Biomass energy is unique in its ability to provide both clean and stable output, playing a crucial role in heating and peak power regulation in the northern regions [2] Group 5: Strategic Planning for the Future - The company plans to maintain its current investment in intelligent equipment manufacturing while enhancing R&D efforts to improve product digitalization in line with carbon reduction trends [3] - It aims to steadily advance domestic and international wind and solar projects, focusing on renewable energy management and comprehensive energy demonstration projects [3]