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SFCE Media Scan for March 30, 2015
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Shunfeng posts 275.6% revenue increase on higher solar module shipments
Mar 27, 2015 | PV-Tech
By Mark Osborne
Tier-1 PV manufacturer and clean energy developer Shunfeng International Clean Energy (SFCE) reported a major turnaround in its business operations in 2014, after integrating Wuxi Suntech. -
Shunfeng shareholders help impressive annual figures
Mar 27, 2015 | PV Magazine
By Max Hall
What's in a name? Try asking shareholders of Shunfeng International Clean Energy Ltd, which changed its brand in November and yesterday (Thursday) published what appears to be a blockbusting set of annual results. -
Shunfeng posts strong 2014 results on back of Wuxi Suntech acquisition
Mar 30, 2015 | Recharge News
By Brian Publicover
Shunfeng International Clean Energy recorded a 1.3bn yuan ($209.5m) net profit in 2014, from a 1.8bn yuan deficit a year earlier, as the group’s acquisition of Wuxi Suntech sharply drove up its sales of PV products. -
China’s Shunfeng turns to USD-209m profit in 2014
Mar 27, 2015 | See News Renewables
By Militsa Mancheva
China-based Shunfeng International Clean Energy Ltd (HKG:1165) on Thursday reported a net profit of CNY 1.3 billion (USD 209m/EUR 193m) for 2014, as against a CNY-1.82-billion loss a year back. -
Shunfeng International Clean Energy Limited announces profit turnaround in 2014 with revenues increased by 276 percent
Mar 31, 2015 | SolarServer
Shunfeng International Clean Energy Limited (Hong Kong) on March 26th, 2015 announced the audited consolidated results for the year ended December 31st, 2014. In 2014 the Group recorded revenues of RMB 5,745.9 million (approx. USD 942 million, representing an increase of 275.6% from RMB 1,529.7 million (approx. USD 246 million) in 2013. -
Shunfeng Clean Energy Achieved Profit Turnaround in 2014 with Brilliant Growth
Mar 27, 2015 | Newsmaker
Shunfeng International Clean Energy Limited ("Shunfeng" or the "Group"; stock code: 1165) today announces the audited consolidated results for the year ended 31 December 2014 ("2014"). -
Shunfeng Achieved Profit Turnaround in 2014 with Brilliant Growth
Mar 27, 2015 | ACN Newswire
Shunfeng International Clean Energy Limited ("Shunfeng" or the "Group"; stock code: 1165) today announces the audited consolidated results for the year ended 31 December 2014 ("2014"). For the year ended 31 December 2014, the Group recorded a revenue of RMB5,745.9 million, representing an increase of 275.6% from RMB1,529.7 million... -
太陽能產品製造及貿易銷售量大幅增加
Mar 27, 2015 | Digital Wall
順風國際清潔能源有限公司(簡稱「順風清潔能源」或「集團」；股份編號：1165.HK)欣然宣佈其截至 2014年12月31日止12個月（「回顧期內」）的經審核簡明綜合年度業績。
SFCE News
Full Text of Stories Below
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Shunfeng posts 275.6% revenue increase on higher solar module shipments
Mar 27, 2015 | PV-Tech
By Mark Osborne
Tier-1 PV manufacturer and clean energy developer Shunfeng International Clean Energy (SFCE) reported a major turnaround in its business operations in 2014, after integrating Wuxi Suntech.
SFCE reported full year 2014 revenue of RMB5,745.9 million (US$924.7 million), compared to (US$246.1 million in 2013, an increase of 275.6%.
The company returned to profitability with a net profit of RMB1,304 million (US$209.9 million), compared to a net loss of US$292.6 million in 2013.
Gross profit margin was 22.1% in 2014, compared to 9.9% in 2013.Product sales
Key to the turnaround was revenue generated from the integration of the PV manufacturing operations of Wuxi Suntech in April 2014.
SFCE reported ‘Solar Product’ segment sales, which primarily includes, wafers, cells and modules increase 159.7% to 3,238.5MW, of which 1,094.7MW was related to inter-group solar product sales.
The sales volume of solar cells and solar modules under its manufacturing business amounted to 1,525.5MW, an increase of 217.5% from 480.5MW in 2013.
SFCE reported wafer sales of 66.9MW, compared to zero in 2013, generating around US$123.7 million in revenue.
The company sold 143.7MW of monocrystalline solar cells in 2014, generating approximately US$56.44 million in revenue. The company sold 669.8MW of multicrystalline solar cells in 2014, generating around US$219.5 million in revenue.
SFCE reported PV modules sales in 2014 of 645.1MW, generating US$391.5 million in revenue.
Combined wafer, cell and module sales reached around US$791.1 million (RMB 4,920.4 million) in 2014.
On a regional basis, product sales in China accounted for approximately 73.9% of total revenue, compared to approximately 84.8% in 2013. Overseas sales accounted for approximately 26.1% of revenue in 2014, compared to approximately 15.2% in
2013.Power generationSFCE reported that its solar power plants generated an aggregate of approximately 607,793 MWh, of which approximately 69.3% was generated by the solar generation plants located in the Xinjiang Region.
Revenue from power generation was US$80.99 million in 2014, with O&M service revenue of US$2.1 million.
http://www.pv-tech.org/news/shunfeng_posts_275.6_revenue_increase_on_higher_solar_module_shipments
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Shunfeng shareholders help impressive annual figures
Mar 27, 2015 | PV Magazine
By Max Hall
What's in a name? Try asking shareholders of Shunfeng International Clean Energy Ltd, which changed its brand in November and yesterday (Thursday) published what appears to be a blockbusting set of annual results.
The headline figures produced by the company formerly known as Shunfeng Photovoltaic International Ltd. are astounding wherever you look – revenue from solar product sales up 241.9 per cent to RMB5.2 billion ($836 million), including a 2,746 per cent rise in revenue from module sales from RMB85.5 million ($14 million) to a staggering RMB2.3 billion ($370 million); total revenue up from RMB1.5 billion ($241 million) to RMB5.7 billion ($917 million); gross profit up 741 per cent from RMB151 million ($24 million) to RMB1.3 billion ($209 million); and net profit up to RMB1.3 billion ($209 million) from a RMB1.8 billion ($289.5 million) loss a year earlier.
The quantum leap in the scale of module production and sale revenues arises from the RMB3 billion ($483 million) acquisition of the production facilities of stricken former world number one Wuxi Suntech last April, which on the surface of it, appears to have been an unqualified success.
However scratching beneath the surface of the impressive figures at the top of the 45-page annual report reveals the company would have reported a net loss of around RMB1.4 billion ($225 million) without the help of two sets of bondholders who gave the company a RMB2.7 billion ($434 million) leg-up during 2013 and last year.
The biggest adjustment to the profit figures came from the removal of a RMB1.8 billion ($289.5 million) fair value loss attributable to convertible bonds issued in February 2013. The holder of the bonds agreed to split them into liability and equity conversion components six months after their issue, removing a 2013 millstone from around Shunfeng’s neck.
A second agreement last September saw the holders of a third convertible bond issue – undertaken last April to pay back controlling shareholder Cheng Kin Ming for paying the outstanding RMB2.5 billion ($402 million) balance on the Suntech deal – agree to waive their early redemption rights up to 2019, removing a further RMB992 million ($160 million) drag on the latest profit figures – although the associated redemption costs will still need to be met during the 2019-24 period.
With Cheng and his companies the biggest subscribers to Shunfeng bond issues of late, it is not hard to guess where the generous bondholders in question come from.
Behind the headline figures
A further delve into the report indicates just how big a gamble the Suntech acquisition by Cheng's Shunfeng was and will add further grist to the mill of European and U.S. manufacturers who persistently accuse the Chinese government of unfairly favoring its solar sector.
Three months ago, Shunfeng's current liabilities exceeded its current assets by RMB1.85 billion ($298 million) and the newly rebranded company had unpaid contractual commitments of RMB4.6 billion ($740 million) but banking facilities of just RMB151 million ($24 million), plus a further RMB19.4 billion ($3.1 billion) credit line assessed on a project-by-project basis.
That stark situation changed last month when the world's largest bank, the state-owned Industrial Commercial Bank of China, rode to the rescue with a further RMB20 billion ($3.2 billion), five-year credit line, plus a further five-year option.
That too was provided on a project-by-project basis but Western critics will not the comment in the annual report that "the directors are confident that the group would be successful in obtaining approval in respect of the RMB20 billion facilities."
Preferential tax deals
SolarWorld and its allies will also note Jiangsu Shunfeng and 'certain Wuxi Suntech subsidiaries' have had their three-year preferential tax rate of 15 per cent extended for a further three years.
But the huge rise in revenue from the sale of polysilicon, wafers, cells and modules – not to mention the first income seen from power generation and solar plant monitoring secured through the acquisition of German company SAG Solarstrom in October – seem to indicate Cheng has turned around the supertanker.
Not content with being a solar manufacturer and developer, Shunfeng chairman Zhang Yi announced in the annual report to the Hong Kong Stock Exchange an aim to become "the largest global clean energy and low-carbon, energy saving integrated solar provider", and the acquisitions bolted on before the dust has settled on the Suntech deal illustrate how the company's ambitions are ranging beyond solar.
The acquisition of a 30 per cent stake in energy storage and fast charging R&D company Powin has been followed by the Solarstrom deal, which brought 9.8 GW of solar power plants monitored by its Meteocontrol subsidiary under Shunfeng's aegis.
Further deals followed for eight wind projects in China, totalling 723 MW in capacity; a strategic tie-up with Chinese ground-source heat pump leader Nobao Renewable Energy; the addition of the inverter and BIPV section of German company Sunways; an agreement to purchase a controlling stake in LED lighting company Lattice Power Corp; and a collaboration with Chinese electric vehicle (EV) manufacturer GreenWheel EV as well as investment in sea power technology and battery storage.
With Cheng having built his fortune as a real estate investor and his Shunfeng operation promising in its annual report to unveil low-carbon solutions on a household, community and city level this year – which it says will reduce carbon emissions by 50 to 70 per cent – the scale of his renewable energy ambitions is becoming clear.
PV Magazine (English): http://www.pv-magazine.com/news/details/beitrag/shunfeng-shareholders-help-impressive-annual-figures_100018808/#ixzz3VsRgGYLI
PV Magazine (German): http://www.pv-magazine.de/nachrichten/details/beitrag/shunfeng-nach-einkaufstour-mit-umsatz--und-gewinnsprung_100018702/
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Shunfeng posts strong 2014 results on back of Wuxi Suntech acquisition
Mar 30, 2015 | Recharge News
By Brian Publicover
Shunfeng International Clean Energy recorded a 1.3bn yuan ($209.5m) net profit in 2014, from a 1.8bn yuan deficit a year earlier, as the group’s acquisition of Wuxi Suntech sharply drove up its sales of PV products.The company — which lacked a PV module production unit in 2013 — shipped 645.1MW of solar panels last year, according to a statement on the Hong Kong stock exchange.
Revenue from the group’s solar product business soared 241.9% on the year to 5.2bn yuan.
Shunfeng’s April 2014 acquisition of Wuxi Suntech — the former Chinese production unit of fallen PV module giant Suntech Power – contributed significantly to the group’s business last year.
“The acquisition and reorganization of Wuxi Suntech, a large-scale solar modules manufacturer, was successfully carried out during the year, largely enhancing our manufacturing technique and production capacity of solar products,” the group said.
The group's production unit shipped 1.5GW of PV wafers, cells and modules, from just 480.5MW a year earlier, as it took advantage of Wuxi Suntech’s overseas sales channels.
The company’s development unit started building 1.4GW of solar projects in China throughout the year and connected 644MW of fresh capacity to the grid, it said in a statement to the Hong Kong stock exchange.
Total power generation from its PV projects hit 607.5GWh in 2014.
Shunfeng plans to make additional investments in polysilicon R&D in 2015, while expanding its use of compound materials such as carbon nanotube to develop frames for its solar panels.
It is also quickly diversifying into energy storage solutions, notably through the recent purchase of a 30% stake in Powin Energy and acquisition of SAG Solarstrom.
http://www.rechargenews.com/solar/1395811/shunfeng-posts-strong-2014-results-on-back-of-wuxi-suntech-acquisition
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China’s Shunfeng turns to USD-209m profit in 2014
Mar 27, 2015 | See News Renewables
By Militsa Mancheva
China-based Shunfeng International Clean Energy Ltd (HKG:1165) on Thursday reported a net profit of CNY 1.3 billion (USD 209m/EUR 193m) for 2014, as against a CNY-1.82-billion loss a year back.
Shunfeng International, known as Shunfeng Photovoltaic International until recently, explained that the improved performance is due to increased manufacturing and shipment volumes for photovoltaic (PV) products. Including inter-group orders, in 2014 the firm sold 3,238.5 MW of solar equipment, or 159.7% more than in the previous year. This was possible mainly due to the CNY-3-billion acquisition of PV manufacturer Wuxi Suntech Power Holdings.
The firm's performance in 2014 also improved thanks to electricity sales from the company’s solar parks, which produced 607,793 MWh for the full year. Among other factors to influence its bottom line was a CNY-992-million gain related to the amortisation period of the liability component of convertible bonds, the firm noted.
Shunfeng International saw its revenue in 2014 jump by 275.6% year-on-year to CNY 5.75 billion. The biggest portion of it came from its solar module manufacturing and trading operations, where sales reached CNY 5.23 billion as compared to CNY 1.53 billion in 2013. In particular, the firm shipped 645.1 MW of PV modules to third parties in the reporting period.
At the end of December Shunfeng had 1,534 MW of grid-connected solar power plants and 1,439 MW under construction. It has also made steps to expand to other cleantech sectors. In February, for instance, the firm agreed to purchase eight wind projects with a combined capacity of 723.5 MW in four Chinese provinces.
http://renewables.seenews.com/news/china-s-shunfeng-turns-to-usd-209m-profit-in-2014-470423
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Mar 31, 2015 | SolarServer
Shunfeng International Clean Energy Limited (Hong Kong) on March 26th, 2015 announced the audited consolidated results for the year ended December 31st, 2014. In 2014 the Group recorded revenues of RMB 5,745.9 million (approx. USD 942 million, representing an increase of 275.6% from RMB 1,529.7 million (approx. USD 246 million) in 2013.
Gross profit increased significantly by RMB 1,120.6 million (approx. USD 180 million), or 741.0%, from approximately RMB 151.2 million (approx. USD 24 million) in 2013 to RMB 1,271.8 million (approx. USD 205 million) in 2014.
2014 revenue from solar photovoltaic (PV) product manufacturing and trading business was RMB 5,229,780 (approx. USD 841 million). Solar power generation business revenues added up to RMB 503,082 million (approx. USD 81 million).
Shunfeng group sales of solar products increased by 159.7% to 3,238.5 MW
The revenue and net profit increased primarily due to a substantial increase in the sales volume of the manufacturing and trading of solar photovoltaic (PV) products after the acquisition of Wuxi Suntech in April 2014, with the Group’s sales volume of solar products increasing 159.7% to 3,238.5 MW, of which 1,094.7 MW of inter-group solar product sales had been reconciliated in the revenue for the year. Shunfeng Group’s PV power plants generated income from solar power generation in 2014 with a total power generation for the year reaching 607,793 MWh.
The Group changed its company name from ‘‘Shunfeng Photovoltaic International Limited’’ to ‘‘Shunfeng International Clean Energy Limited’’ in November 2014. This marks the Group’s business transition from being primarily based on the solar power sector to gradually becoming a leading clean energy supplier offering low-carbon energy-saving integrated solutions.
Currently, the extensive business of the Group covers clean energy supply, energy development, technological innovation and application in the relevant clean energy fields such as solar power generation, wind power generation, geothermal power generation and sea water power generation, as well as development and manufacturing of energy storage technology and energy storage products.
PV plants totaling 644 MW connected to the grid in 2014
In respect of solar power generation business, the Group’s total power generation from Xinjiang, Gansu, and other PRC regions amounted to 607,591 MWh for the whole year of 2014.
In 2014, the Group maintained its leading position in China’s solar power generation sector, initiating solar power plant projects with a total installed capacity of 1,439 MW under construction, and completing grid connection with a total capacity of 644 MW.
Wuxi Suntech acquisition enhances PV production capacity
The acquisition and reorganization of Wuxi Suntech, a large-scale solar PV module manufacturer, was carried out during the year, largely enhancing Shunfeng’s manufacturing technique and production capacity for solar products. Wuxi Suntech was included in the list of first-class PV components suppliers contained in the Global PV Market Forecast Report published by Bloomberg New Energy Finance (BNEF) in February 2015, which is a strong testament to the reliability of the products of Wuxi Suntech.
In addition, the Group announces progress regarding the integrated PV business and other related clean energy businesses and fully put into action the synergy between vertically-integrated products and solar power plants, in an attempt to achieve the Group’s objective of becoming the largest global clean energy and low-carbon energy-saving integrated solution provider.
S.A.G. Solarstrom buy-out enhances EPC and PV monitoring capacity as well
During the year, the Group has successfully completed a number of substantial overseas and domestic acquisitions and overseas expansion plans, including the acquisition of 30% equity interests in Powin Energy Corporation in August 2014. Shunfeng also acquired S.A.G. Solarstrom AG.i.l. (S.A.G.), a German solar energy enterprise, with a view to enhancing its capability in developing solar energy projects, EPC (engineering, procurement and construction) and monitoring PV stations as well. S.A.G. provides comprehensive services in the solar industry while meteocontrol GmbH, its subsidiary, is one of the largest independent PV stations monitoring services providers in the world.
In 2015, the Shunfeng had also entered into an exclusive agency right of collaboration with GreenWheel EV on manufacturing and sales of the sole electrical vehicle made of GreenWheel EV’s core technique around the world except for Mainland China. GreenWheel EV specializes in research, development and manufacturing of sole electrical motor core technology in PRC.
Solar Server (English): http://www.solarserver.com/solar-magazine/solar-news/current/2015/kw13/shunfeng-international-clean-energy-limited-announces-profit-turnaround-in-2014-with-revenues-increased-by-276-percent.html
Solar Server (German): http://www.solarserver.de/solar-magazin/nachrichten/aktuelles/2015/kw13/shunfeng-steigerte-umsatz-2014-um-276-und-meldet-ausgesprochen-positive-ergebnisse.html
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Shunfeng Clean Energy Achieved Profit Turnaround in 2014 with Brilliant Growth
Mar 27, 2015 | Newsmaker
Shunfeng International Clean Energy Limited ("Shunfeng" or the "Group"; stock code: 1165) today announces the audited consolidated results for the year ended 31 December 2014 ("2014").
For the year ended 31 December 2014, the Group recorded a revenue of RMB5,745.9 million, representing an increase of 275.6% from RMB1,529.7 million in 2013. Gross profit increased significantly by RMB1,120.6 million, or 741.0%, from approximately RMB151.2 million for the previous year to RMB1,271.8 million for the Year. The revenue and net profit increased primarily due to (1) a substantial increase in the sales volume of the manufacturing and trading of solar products after the acquisition of Wuxi Suntech in April 2014, with the Group's sales volume of solar products increasing 159.7% to 3,238.5 MW, of which 1,094.7 MW of inter-group solar product sales had been reconciliated in the revenue for the year; (2) the Group's solar power plants which connected to the grid in 2013 and 2014 having commenced operation and generated income from power generation in 2014, with the Group total power generation for the year reaching 607,793 MWh; (3) gain on change in amortization period of the liability component of convertible bonds of RMB992.0 million on 1 September 2014; and (4) the fair value loss on convertible bonds for the 2013 of approximately RMB1,816.0 million, which was not applicable for 2014.
The Group laid the solid foundation in 2014 The Group changed its company name from "Shunfeng Photovoltaic International Limited" to "Shunfeng International Clean Energy Limited" in November 2014. This marks the Group's business transition from being primarily based on the solar power sector to gradually becoming a leading clean energy supplier offering low-carbon energy-saving integrated solutions. Currently, the extensive business of the Group covers clean energy supply, energy development, technological innovation and application in the relevant clean energy fields such as solar power generation, wind power generation, geothermal power generation and sea water power generation, as well as development and manufacturing of energy storage technology and energy storage products, establishing the Group as one of the global major suppliers of clean energy offering low-carbon energy-saving integrated solutions with an ever-stronger leading position.
In respect of solar power generation business, the Group's total power generation from Xinjiang, Gansu, and other PRC regions amounted to 607,591 MWh for the whole year of 2014. During the period, monthly power generation grew steadily, bringing bright prospects for the Group's solar power generation business in the upcoming year. In 2014, the Group maintained its leading position in China's solar power generation sector, initiating solar power plant projects with a total installed capacity of 1,439 MW under construction, and completing grid connection with a total capacity of 644 MW. In January 2015, the Group won three awards, which are "Commercial Achievement Award for PRC PV Power Stations", "Best Performance Award for Listed PRC PV Power Stations" and "Outstanding Quality Award for PRC PV Power Stations" at the "2014 Annual Meeting of PRC PV Power Stations and the Second Annual Award Presentation Ceremony of PRC PV Stations". The Group strives to achieve a total of 6 GW on-grid designed capacity by 2017.
The acquisition and reorganization of Wuxi Suntech, a large-scale solar modules manufacturer, was successfully carried out during the year, largely enhancing our manufacturing technique and production capacity of solar products. It is of the most reliable first-class global module brands. Wuxi Suntech was included in the list of first-class PV components suppliers contained in the Global PV Market Forecast Report published by Bloomberg New Energy Finance (BNEF) in February 2015, which is a strong testament to the reliability of the products of Wuxi Suntech. Looking forward, Wuxi Suntech will carry out strategic investment and cooperation with us in terms of product, technology and services and the Group is confident that it will enjoy a brighter prospect of development in the solar energy industry. In the future, we will further increase the shipment volume of solar wafers, solar cells, solar modules and relevant solar products. At the same time, the Group plans to consolidate the upstream production capacity of solar products as and when appropriate. In respect of the research and development of polysillicon and related products, the Group plans to further develop and improve our slicing technology and slicing efficiency, so as to reduce cost and increase single unit efficiency. The Group also plan to use compound materials such as carbon nanotube to develop module frames and PV panel support structure in order to reduce cost and increase the life of the products.
In order to expand the scope and overseas business, seizing the opportunities brought forth by the consolidation of global solar power industry, the Group bravely explored new businesses and through large-scale acquisition-based expansion and industry consolidation, the Group has managed to expand its business from the solar power generation and product manufacturing sector into the power storage devise sector. In addition, the Group also made progress regarding the integrated PV business and other related clean energy businesses and fully put into action the synergy between vertically-integrated products and solar power plants, in an attempt to achieve the Group's objective of becoming the largest global clean energy and low-carbon energy-saving integrated solution provider. During the year, the Group has successfully completed a number of substantial overseas and domestic acquisitions and overseas expansion plans, including the acquisition of 30% equity interests in Powin Energy Corporation in August 2014, involving advanced technology in the research and development of energy storage, load shifting and fast charging techniques. The Group also acquired S.A.G. Solarstrom AG.i.l. (S.A.G.), a German solar energy enterprise, with a view to enhancing our capability in developing solar energy projects, EPC (engineering, procurement and construction) and monitoring PV stations as well as the strength in operating and maintaining our businesses in Europe and the United States. S.A.G. provides comprehensive services in the solar industry while meteocontrol GmbH ("meteocontrol"), its subsidiary, is one of the largest independent PV stations monitoring services providers in the world. meteocontrol has extensive experience in monitoring, operating and maintaining PV stations in the civil, commercial and public fields and its monitoring capacity has reached 9.8 GW. In order to strengthen the advantage of the Group's low-carbon energy-saving integrated solutions at the beginning of 2015, the Group declared the acquisition of 8 wind power generation projects with rich wind resources primarily located in Jilin, Hebei, etc, projects further enriching the Group's development scope of clean energy with a total designed capacity of 723.5 MW and a projected annual power generation volume of 1,615,213 MWh. In the future, the Group will pursue further development and merger of mature wind power projects as and when appropriate.
Ground source heat pump technology is the important component of the Group's 3 major solutions in respect of overall low-carbon cities, low-carbon communities and low-carbon families. The Group's mission is to provide clean, efficient and energy-saving integrated energy solutions. Therefore, the Group and Nobao Renewable Energy Holdings Limited ("Nobao Renewable Energy") has signed the agreement on strategic cooperation and formation of joint venture. Nobao Renewable Energy is the leader in the sector of China's clean energy by means of the ground source heat pump technology, with the long-term commitment to the research and development of the large-area centralized heat supply and refrigeration technology. As the global leader in that sector, it has possessed various advanced core-technology patents related to heat supply and refrigeration. The joint venture shall take charge of providing green, low-carbon and energy-saving solutions integrated for cities, communities, families, commercial facilities, schools, hospitals, airports and similar public facilities. Such solutions aim at saving 50%-70% of overall energy for cities, communities, families, commercial facilities, schools, hospitals, airports and similar public facilities, to achieve the cost reduction for end user. Based on the consensus in the business development prospects of global clean energy solutions, the Company and Nobao Renewable Energy have established the relationship of strategic cooperation partners for sufficient utilization of their respective strongholds, enhancement of the sharing level of information resources, and optimization of product mix under both parties, so as to create much better stronghold for competitiveness and fulfill the improvement and enhancement of both parties in terms of cost, management, services, users' satisfaction level and results.
LED lighting is an important link in the solutions for low-carbon cities, low-carbon communities, and low-carbon families, in compliance with the development strategies of the Group as a provider for comprehensive low-carbon and energy-saving solutions. In order to develop LED project, the Group entered into a memorandum of understanding with Lattice Power Corporation in relation to proposed acquisition by the Group of 51% of the issued share capital of Lattice Power Corporation from existing shareholders of Lattice Power Corporation. Lattice Power Corporation owns the disruptive 6-inch and 8-inch GaN-on-Silicon LED technology, with over 200 global patents awarded. Its successful commercial mass production have resulted in the supply general lighting, smart phone and automobile lighting. LED lighting. which save 50%-80% energy comparison to the ordinary lighting, will definitely replace the traditional lighting in every aspect. The revolutionary GaN-on-Silicon LED technology of Lattice Power Corporation leads to the drastic reduction in production cost when compared to the traditional GaN-on-Sapphire LED, which will result in the tremendous contribution to the profit of the Company.
In 2015, the Group had entered into an exclusive agency right of collaboration with GreenWheel EV in manufacturing and sales of the sole electrical vehicle made of GreenWheel EV's core technique around the world except for Mainland China. GreenWheel EV is the earliest state High and New Technology Enterprise to specialize and engage in research and development and manufacturing of sole electrical motor core technology in PRC, which had nearly 15 years of experience in the field of research and development and manufacturing of sole electrical vehicle. GreenWheel EV has all of the self-developed intellectual rights, including electric control and motor technique, cell management technique and more, as well as its core technique including the "Big Three Electronic, Small Three Electronic", all of which possess a global leading advantage. The Group collaborates with GreenWheel EV to achieve the dream of "returning the Earth a blue sky", and through electrical vehicle, expecting to bring China a greater environmental effectiveness in energy conservation and pollutant reduction as well as increasing the Group's contribution to a green life.Newsmaker: http://www.newsmaker.com.au/news/34759/shunfeng-clean-energy-achieved-profit-turnaround-in-2014-with-brilliant-growth#.VRlVBPmUcwo
Digital Wall (Chinese): http://www.digitalwall.com/scripts/displaypr.asp?UID=50049
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Shunfeng Achieved Profit Turnaround in 2014 with Brilliant Growth
Mar 27, 2015 | ACN Newswire
Shunfeng International Clean Energy Limited ("Shunfeng" or the "Group"; stock code: 1165) today announces the audited consolidated results for the year ended 31 December 2014 ("2014").
For the year ended 31 December 2014, the Group recorded a revenue of RMB5,745.9 million, representing an increase of 275.6% from RMB1,529.7 million in 2013. Gross profit increased significantly by RMB1,120.6 million, or 741.0%, from approximately RMB151.2 million for the previous year to RMB1,271.8 million for the Year. The revenue and net profit increased primarily due to (1) a substantial increase in the sales volume of the manufacturing and trading of solar products after the acquisition of Wuxi Suntech in April 2014, with the Group's sales volume of solar products increasing 159.7% to 3,238.5 MW, of which 1,094.7 MW of inter-group solar product sales had been reconciliated in the revenue for the year; (2) the Group's solar power plants which connected to the grid in 2013 and 2014 having commenced operation and generated income from power generation in 2014, with the Group total power generation for the year reaching 607,793 MWh; (3) gain on change in amortization period of the liability component of convertible bonds of RMB992.0 million on 1 September 2014; and (4) the fair value loss on convertible bonds for the 2013 of approximately RMB1,816.0 million, which was not applicable for 2014.
The Group laid the solid foundation in 2014 The Group changed its company name from "Shunfeng Photovoltaic International Limited" to "Shunfeng International Clean Energy Limited" in November 2014. This marks the Group's business transition from being primarily based on the solar power sector to gradually becoming a leading clean energy supplier offering low-carbon energy-saving integrated solutions. Currently, the extensive business of the Group covers clean energy supply, energy development, technological innovation and application in the relevant clean energy fields such as solar power generation, wind power generation, geothermal power generation and sea water power generation, as well as development and manufacturing of energy storage technology and energy storage products, establishing the Group as one of the global major suppliers of clean energy offering low-carbon energy-saving integrated solutions with an ever-stronger leading position.
In respect of solar power generation business, the Group's total power generation from Xinjiang, Gansu, and other PRC regions amounted to 607,591 MWh for the whole year of 2014. During the period, monthly power generation grew steadily, bringing bright prospects for the Group's solar power generation business in the upcoming year. In 2014, the Group maintained its leading position in China's solar power generation sector, initiating solar power plant projects with a total installed capacity of 1,439 MW under construction, and completing grid connection with a total capacity of 644 MW. In January 2015, the Group won three awards, which are "Commercial Achievement Award for PRC PV Power Stations", "Best Performance Award for Listed PRC PV Power Stations" and "Outstanding Quality Award for PRC PV Power Stations" at the "2014 Annual Meeting of PRC PV Power Stations and the Second Annual Award Presentation Ceremony of PRC PV Stations". The Group strives to achieve a total of 6 GW on-grid designed capacity by 2017.
The acquisition and reorganization of Wuxi Suntech, a large-scale solar modules manufacturer, was successfully carried out during the year, largely enhancing our manufacturing technique and production capacity of solar products. It is of the most reliable first-class global module brands. Wuxi Suntech was included in the list of first-class PV components suppliers contained in the Global PV Market Forecast Report published by Bloomberg New Energy Finance (BNEF) in February 2015, which is a strong testament to the reliability of the products of Wuxi Suntech. Looking forward, Wuxi Suntech will carry out strategic investment and cooperation with us in terms of product, technology and services and the Group is confident that it will enjoy a brighter prospect of development in the solar energy industry. In the future, we will further increase the shipment volume of solar wafers, solar cells, solar modules and relevant solar products. At the same time, the Group plans to consolidate the upstream production capacity of solar products as and when appropriate. In respect of the research and development of polysillicon and related products, the Group plans to further develop and improve our slicing technology and slicing efficiency, so as to reduce cost and increase single unit efficiency. The Group also plan to use compound materials such as carbon nanotube to develop module frames and PV panel support structure in order to reduce cost and increase the life of the products.
In order to expand the scope and overseas business, seizing the opportunities brought forth by the consolidation of global solar power industry, the Group bravely explored new businesses and through large-scale acquisition-based expansion and industry consolidation, the Group has managed to expand its business from the solar power generation and product manufacturing sector into the power storage devise sector. In addition, the Group also made progress regarding the integrated PV business and other related clean energy businesses and fully put into action the synergy between vertically-integrated products and solar power plants, in an attempt to achieve the Group's objective of becoming the largest global clean energy and low-carbon energy-saving integrated solution provider. During the year, the Group has successfully completed a number of substantial overseas and domestic acquisitions and overseas expansion plans, including the acquisition of 30% equity interests in Powin Energy Corporation in August 2014, involving advanced technology in the research and development of energy storage, load shifting and fast charging techniques. The Group also acquired S.A.G. Solarstrom AG.i.l. (S.A.G.), a German solar energy enterprise, with a view to enhancing our capability in developing solar energy projects, EPC (engineering, procurement and construction) and monitoring PV stations as well as the strength in operating and maintaining our businesses in Europe and the United States. S.A.G. provides comprehensive services in the solar industry while meteocontrol GmbH ("meteocontrol"), its subsidiary, is one of the largest independent PV stations monitoring services providers in the world. meteocontrol has extensive experience in monitoring, operating and maintaining PV stations in the civil, commercial and public fields and its monitoring capacity has reached 9.8 GW. In order to strengthen the advantage of the Group's low-carbon energy-saving integrated solutions at the beginning of 2015, the Group declared the acquisition of 8 wind power generation projects with rich wind resources primarily located in Jilin, Hebei, etc, projects further enriching the Group's development scope of clean energy with a total designed capacity of 723.5 MW and a projected annual power generation volume of 1,615,213 MWh. In the future, the Group will pursue further development and merger of mature wind power projects as and when appropriate.
Ground source heat pump technology is the important component of the Group's 3 major solutions in respect of overall low-carbon cities, low-carbon communities and low-carbon families. The Group's mission is to provide clean, efficient and energy-saving integrated energy solutions. Therefore, the Group and Nobao Renewable Energy Holdings Limited ("Nobao Renewable Energy") has signed the agreement on strategic cooperation and formation of joint venture. Nobao Renewable Energy is the leader in the sector of China's clean energy by means of the ground source heat pump technology, with the long-term commitment to the research and development of the large-area centralized heat supply and refrigeration technology. As the global leader in that sector, it has possessed various advanced core-technology patents related to heat supply and refrigeration. The joint venture shall take charge of providing green, low-carbon and energy-saving solutions integrated for cities, communities, families, commercial facilities, schools, hospitals, airports and similar public facilities. Such solutions aim at saving 50%-70% of overall energy for cities, communities, families, commercial facilities, schools, hospitals, airports and similar public facilities, to achieve the cost reduction for end user. Based on the consensus in the business development prospects of global clean energy solutions, the Company and Nobao Renewable Energy have established the relationship of strategic cooperation partners for sufficient utilization of their respective strongholds, enhancement of the sharing level of information resources, and optimization of product mix under both parties, so as to create much better stronghold for competitiveness and fulfill the improvement and enhancement of both parties in terms of cost, management, services, users' satisfaction level and results.
LED lighting is an important link in the solutions for low-carbon cities, low-carbon communities, and low-carbon families, in compliance with the development strategies of the Group as a provider for comprehensive low-carbon and energy-saving solutions. In order to develop LED project, the Group entered into a memorandum of understanding with Lattice Power Corporation in relation to proposed acquisition by the Group of 51% of the issued share capital of Lattice Power Corporation from existing shareholders of Lattice Power Corporation. Lattice Power Corporation owns the disruptive 6-inch and 8-inch GaN-on-Silicon LED technology, with over 200 global patents awarded. Its successful commercial mass production have resulted in the supply general lighting, smart phone and automobile lighting. LED lighting. which save 50%-80% energy comparison to the ordinary lighting, will definitely replace the traditional lighting in every aspect. The revolutionary GaN-on-Silicon LED technology of Lattice Power Corporation leads to the drastic reduction in production cost when compared to the traditional GaN-on-Sapphire LED, which will result in the tremendous contribution to the profit of the Company.
In 2015, the Group had entered into an exclusive agency right of collaboration with GreenWheel EV in manufacturing and sales of the sole electrical vehicle made of GreenWheel EV's core technique around the world except for Mainland China. GreenWheel EV is the earliest state High and New Technology Enterprise to specialize and engage in research and development and manufacturing of sole electrical motor core technology in PRC, which had nearly 15 years of experience in the field of research and development and manufacturing of sole electrical vehicle. GreenWheel EV has all of the self-developed intellectual rights, including electric control and motor technique, cell management technique and more, as well as its core technique including the "Big Three Electronic, Small Three Electronic", all of which possess a global leading advantage. The Group collaborates with GreenWheel EV to achieve the dream of "returning the Earth a blue sky", and through electrical vehicle, expecting to bring China a greater environmental effectiveness in energy conservation and pollutant reduction as well as increasing the Group's contribution to a green life.
ACN Newswire: http://en.acnnewswire.com/press-release/english/21179/shunfeng-achieved-profit-turnaround-in-2014-with-brilliant-growth -
Mar 27, 2015 | Digital Wall
順風國際清潔能源有限公司(簡稱「順風清潔能源」或「集團」；股份編號：1165.HK)欣然宣佈其截至 2014年12月31日止12個月（「回顧期內」）的經審核簡明綜合年度業績。
截 至2014年12月31日止年度，本集團的收入為人民幣5,745.9百萬元，較2013年的人民幣1,529.7百萬元增加275.6%。本年度毛利較 去年約人民幣151.2百萬元增加人民幣1,120.6百萬元至約人民幣1,271.8百萬元，大幅增長約741.0%。收入及淨利潤增長的主要原因為： (1)2014年4月完成收購無錫尚德後，太陽能產品製造及貿易的銷售量大幅增加，集團太陽能產品的銷售量增加159.7%至3,238.5兆瓦，其中已 於年內收入對銷的集團間銷售太陽能產品為1,094.7兆瓦；(2)集團於2013年及2014年完成併網的太陽能發電站，在2014年內已開始營運並產 生發電收入，集團年內之總發電量為607,793兆瓦時；(3) 2014年9月1日可換股債券負債部分攤銷期變動之收益為人民幣992.0百萬元及；(4)於2013年錄得之可換股債券公允價值虧損約人民幣 1,816.0百萬元，在2014年內並不適用。
2014年為集團奠下堅實基礎
2014年11月，集團成功從「順風光電國際有限公司」易名為「順風國際清潔能源有限公司」，此舉標誌著集團從乙太陽能產業為業務基礎，逐 步發展為多元化及具有國際影響力的領先清潔能源低碳節能綜合解決方案供應商。時至今日，集團的廣泛業務已涵蓋清潔能源供應、太陽能發電、風力發電、地熱發 電、海水發電等相關清潔能源範圍內的能源開發、技術創新、應用；儲能技術、儲能產品的開發生產，使集團作為全球主要清潔能源低碳節能綜合解決方案供應商之 一的領導地位日趨鞏固。
就太陽能發電業務方面，集團來自新疆、甘肅及中國其他地區2014年全年之總發電量為607,591兆瓦時，其間每 月發電量發展平穩，為集團來年的太陽能發電業務建立了良好的根基。 於2014年集團國內太陽能電站項目已開工建設裝機規模總量達1,439兆瓦；項目併網總量為644兆瓦，繼續領先於中國光伏發電市場。集團於2015年 1月舉行的「2014中國光伏電站年會暨第二屆中國光伏電站年度頒獎典禮」，榮獲「中國光伏電站商業成就大獎」、「中國光伏電站上市公司最佳表現大獎」及 「中國光伏電站優秀質量大獎」三個大獎。集團將力爭於2017年前實現共6吉瓦的併網年設計裝機容量。
年內成功收購及重組大型太陽能組件生 產商無錫尚德，大大充實了集團在太陽能產品的製造技術及生產能力。作為最可靠的國際一線組件品牌之一。無錫尚德獲得彭博社新能源財經(BNEF)列入其在 2015年2月發佈的全球光伏市場預測報告一級光伏組件供應商名單中，由此得以証明無錫尚德產品的可靠性。無錫尚德未來將於集團的產品、技術及服務上進行 戰略投資及合作，集團有信心在太陽能行業的發展前景變得更加亮麗。未來，集團將進一步提升太陽能矽晶片、太陽能電池片、太陽能組件及相關太陽能產品的貨運 量； 同時亦打算在合適的時機，整合太陽能產品的上游產能。在多晶矽及相關產品的研發上，集團計劃研發改善提高切片技術及切片效率，以降低成本及提高每片效率； 集團亦希望利用納米碳管等複合材料開發組件邊框、光伏電站支架，以節省成本並提高產品使用壽命。
就業務領域拓展及海外業務而言，集團於年內 為抓住全球太陽能產業整合的契機，大膽開拓，成功通過大規模併購擴張、行業整合，將業務從太陽能發電及產品製造領域，進一步跨進儲能裝置，發展綜合光伏業 務及其他清潔能源相關業務，致力實踐垂直整合產品和太陽能電站之間的協同效益，以完成集團成為全球最大的清潔能源低碳節能綜合解決方案供應商的目標。集團 於年內成功完成多項境內外之收購及海外拓展計劃，其中包括於2014年8月認購Powin Energy Corporation的30%股權，包括其儲能、調峰及快速裝置技術等研發領域的先進技術; 及收購德國太陽能企業S.A.G. Solarstrom AG (S.A.G.)以提升集團在太陽能專案開發、EPC （工程、採購及施工）、光伏電站監控，以及於歐洲及美國地區營運與維護業務上的實力。S.A.G.於太陽能行業提供全面的服務，其全資附屬公司 meteocontrol GmbH (「meteocontrol」)為全球最大的獨立光伏電站監控服務供應商之一。meteocontrol在民用、商業及公用領域積累了豐富的光伏電站監 控營運與維護經驗，其監控量已達9.8吉瓦。
集團在2015年與陸地方舟簽訂除中國大陸外全球基於陸地方舟整車核心技術的、純電動車合作生 產、銷售的獨家代理權，陸地方舟是中國最早專門從事純電動汽車核心技術研發及生產的國家高新技術企業，已研發、生產純電動車近15年，擁有純電動汽車生產 的電控、電驅動技術、電池管理技術等全部自主知識產權，其核心技術，包括“三大電、三小電”等均具有全球領先優勢。集團與陸地方舟共同實現“還地球一個藍 色天空”的夢想，期望通過電動汽車為中國帶來更大節能減排的環保效益及提高集團對綠色生活的貢獻 。
未來展望冀成為全球領先清潔能源供應商、低碳節能綜合解決方案供應商
繼2014年集團由單一太陽能業務，發展為全球及中國領先的綜合清潔能源公司。未來，集團冀望成為全球領先低碳節能綜合解決方案供應商。
集 團於2015年將適時推廣全球關於低碳城市、低碳社區及低碳家庭3大解決方案， (1) 提供能大幅度改善並提高發電效率的全球太陽能電站EPC工程及運維管理解決方案，全球太陽能智慧電站運營管理， (2) 基於城市及社區的綠色低碳節能解決方案, 及 (3) 基於家庭的綠色低碳節能解決方案，綠色低碳節能解決方案目標整體節能效率達到50-70%。集團同時正研究其他形式的低碳清潔能源及節能環保方案，當中包 括海水空氣離子電池等以進一步拓闊集團在中國以至全球地區的清潔能源及低碳節能綜合解決方案的業務版圖。
2015年順風清潔能源由“佈 局”、“整合”走向協同高效發展。公司在清潔能源領域擁有全球領先的發電及產品製造技術、智慧電網、電站運營管理先進技術，儲能產品及領先的儲能技術，並 利用集團的整體技術及產品優勢，發揮整體協同效應，將集團發展成為全球領先的清潔能源低碳節能綜合解決方案供應商；高效率、低成本的、使用更便利的清潔能 源供應商，使集團在清潔能源與傳統能源的競爭上更具優勢。
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