Yongxing Project Overview and Xinyuan Project Investment Highlights
Strong Pipeline and Significant Investment in GI
Rapid scale-up:
.
•
Acquired 4 "brownfield” projects and built up 5 “greenfield"
projects. 9 projects in operation.
Shantou Project phase 1 has started commercial operation and
expected to ramp up rapidly.
Xintai Zhengda Project, where part of the new facility is in operation,
while construction of the remaining part is expected to be completed
by the end of 2021.
On track to build a sizeable GI portfolio:
•
•
RMB726.9 million has been committed/invested in the equity of
projects under construction.
Construction of Shantou Phase 2 is expected to complete by end of
2021.
Tongshan Project has started construction and is expected to
complete in 2021.
Shanxi Xinjiang Project has started construction and is expected to
complete by early 2022.
To date, RMB1.93 billion in equity has been invested/committed.
Update on GI Investments to-date
Status
Total
Investments
(RMB mm) (2)
Project
Equity
(RMB mm)
In Operation
3,296.0
1,207.4
Under Construction (1)
2,363.0
726.9
Amount Invested and
5,659.0
1,934.3
Committed
Notes: based on current estimates or forecast
(1) Including Tongshan Project Phase 1 and Shanxi Xinjiang Phase 1, which
assumes capital structure ~30% equity / 70% debt.
Part of new facility of Xintai Zhengda project has started commercial operation,
and the remaining part is under construction.
(2) Assuming ~40% equity/60% debt.
Tangible progress on pipeline:
•
A couple of projects in late stages of evaluation.
Robust pipeline of projects in different stages of
evaluation with total equity value >RMB3.5 billion.
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