Yongxing Project Overview and Xinyuan Project Investment Highlights
GI - Our Value Creator and Growth Driver
Enormous Business
Opportunities in China's
Anti-smog Sector
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Government orders mandatory closure of small dirty boilers. Manufacturing
plants in industrial parks across China to use highly efficient centralised steam
boilers
Factories are increasingly concentrated in industrial parks, which continue to
expand in the long-term
Exclusive supplier of steam to industrial customers within industrial parks with
typically 30-year concession agreements and first right to renew such
concessions
Valuable & Realisable
Assets in GI Projects
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High net present value (NPV) of long-term & recurring cash flows, and
attractive double-digit project IRR
High-quality cashflows due to captive customers. Steam is a non-discretionary
input for production by our industrial customers. Strong tariff collections
Solid cashflow growth potential as steam demand growth driven by:
(1) Immediate cross-over demand from mandatory closure of small boilers
(2) Natural expansion of customers and industrial parks
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