Yongxing Project Overview and Xinyuan Project Investment Highlights
Strategy to Grow Earnings with Quality Remains on Track
O
>50% of
income is
recurring
*Based on the Company's long-term
discounted cashflow forecasts
Sunpower has met its target of ~50% of income from the recurring GI business for
3 consecutive years. On track to build a sizeable and valuable GI portfolio.
Sunpower's reliable GI business model and strong execution capabilities have
been proven through the excellent performance in 2020 amidst challenges such as
the operational constraints of the pandemic.
GI projects are still ramping up, with the long-term Net Present Value ("NPV") of
future cashflows generated by GI expected to be substantially higher than the
contributions in the latest reported period.*
■GI has significantly enhanced the Group's quality of earnings and cashflow. The
recurring organic cashflow will also be a funding source for further GI expansion in
the future.
With the solid track record established in the GI business, Sunpower has grown into
a long-term, recurring, high-quality income and cashflow company.
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