The hottest TBEA plans to invest another 1billion

TBEA plans to invest another 1billion wind power projects

under the background of overcapacity in the power equipment industry, it has become a common strategy for equipment manufacturers to digest products by building their own power stations, and TBEA, whose main business is transformers, wires and cables, and complete power transmission and transformation projects, is no exception

the daily economy learned a few days ago that TBEA Xinjiang new energy Co., Ltd. (hereinafter referred to as TBEA new energy), a subsidiary of TBEA holdings, signed a wind power development project with an investment of 1billion yuan and an installed capacity of 100000 kW with Fengxian County, Shaanxi Province

for the above projects, a staff member of Tebian new energy company confirmed it to me in. As of press time, TBEA has not issued an announcement on this project, and a staff member of its securities department said he was not aware of this matter

note that TBEA's 2013 formlabs semi annual report shows that during the reporting period, the company's debt reached 28.48 billion yuan, with a debt ratio of 65.23%, higher than the industry's average debt and the product rate produced by stages in multiple links, including final products

according to statistics, since July 11, TBEA has successively thrown out investment plans involving a total investment of more than 2billion yuan, plus this 1billion yuan, which is undoubtedly a big test for the company's capital

sign a 1billion yuan wind power project

recently, the government official of Fengxian County, Shaanxi Province announced that from September 2 to September 6, during the third China Asia Europe Expo held in Urumqi, Xinjiang, Fengxian County successfully signed a 1billion yuan wind power development project with an installed capacity of 100000 kW with TBEA new energy

for the above projects, a staff member of Tebian new energy company told the daily economy that it is true, but there is still a lot of work to be done from signing the contract to the implementation of the project, which is not suitable for external publicity at present. According to a person familiar with the matter in Feng County, what was signed this time was an intentional agreement

in this regard, a securities analyst who asked for anonymity said that the wind power equipment industry has excess capacity, so manufacturers will choose to enter the downstream development of power station projects, and usually adopt the BOT (construction operation transfer) mode to operate. However, due to the current overcapacity of wind power, the project transfer may be more difficult

public information shows that in 2012, China's wind power has surpassed nuclear power, becoming the third largest main power source after coal power and hydropower. However, due to the overcapacity of the industry, it is more difficult to make profits. According to the data of the national energy administration, the amount of abandoned wind power in 2012 was about 20billion kwh, twice that of 2011, and the loss of abandoned wind was more than 10billion yuan

in addition, wind power projects also have the characteristics of long investment return cycle. The feasibility analysis report of Jimunai 49.5mw wind farm project released by TBEA shows that the investment return cycle of the project is about 11 years

counter cyclical layout tests capital

in fact, with the continuous expansion of business, TBEA is facing considerable financial pressure. In the past two months alone, TBEA's proposed investment in photovoltaic and wind power generation projects has reached about 3billion yuan

according to the data released by China Machinery Industry Federation, in the first quarter of 2013, the average asset liability ratio of Listed Companies in the power equipment manufacturing industry was 56.30%. According to the 2013 semi annual report of TBEA, the company's liabilities during the reporting period reached 28.48 billion yuan, including 1.4 billion yuan of short-term loans and 3.7 billion yuan of notes payable. Here is an introduction to the progressiveness and performance characteristics of a manhole cover pressure fatigue testing machine, with a debt ratio of 65.23%

in order to alleviate the financial pressure, TBEA announced on July 30 that it plans to implement the refinancing plan by means of allotment. It is estimated that the total amount of funds raised will not exceed 4billion yuan. After deducting the issuance expenses, it will be used to repay the banks for various utilization loans, short-term financing bills, medium-term notes and supplementary working capital

it is worth noting that as of press time, TBEA has not issued an announcement to explain the wind power project signed between its holding subsidiary and Feng county

"daily economy" called TBEA yesterday (17th) to interview the specific situation of the project. A staff member of TBEA Securities Department said he was not aware of this matter. She said that she would reply after verification. However, as of press time, no relevant reply has been received