Yongxing Project Overview and Xinyuan Project Investment Highlights
Sunpower Group at a Glance
•
>20 Years of Proven Track Record: Established in 1997, listed on SGX since 2005.
•
Environmental Protection Solutions Specialist: clean power to reduce air pollution, energy-saving solutions, waste heat recovery
●
Business segments: Green Investments (GI) and Manufacturing and Services (M&S).
•
•
•
Record results in FY2020 (exceeding CB performance target): In FY2020, group revenue reached record highs of RMB4.06 billion,
PATMI (¹) of RMB377 million also hit record high with 2017-2020 CAGR +48%. Underlying operating cashflow (2) rose 17.4% YoY to
RMB536 million.
GI business contributions grew in importance to the Group: GI revenue rose 15.6% YoY to RMB1.34 billion and GI EBITDA rose
12.9% YoY to RMB489 million in FY2020.
M&S business: M&S revenue rose 11.2% YoY to RMB2.72 billion in FY2020. Order book was at RMB2.9 billion as at end-January
2021.
Powered by GI, Sunpower has grown into a company driven by long-term, high quality and recurring income and cashflows.
(1) PATMI refers to the "Profit for the year attributable to equity holders” in the “WITHOUT financial effects of Convertible Bonds and Warrants" column of the P&L statement, which adjusts "Profit for the year attributable to
equity holders" in the "WITH financial effects of Convertible Bonds and Warrants" column for amortised interest expenses, fair value adjustments and foreign exchange gains or losses associated with the Convertible Bonds and
Warrants.
(2) Underlying operating cash flow adjusting for CB interest of RMB22.7 million.
3View entire presentation