Yongxing Project Overview and Xinyuan Project Investment Highlights
FY2021 Outlook
Barring unforeseen circumstances, the Group expects the following business trends to benefit its business in 2021.
Please note that Sunpower's financial results should be viewed on a 12-month basis to arrive at a balanced perspective.
GI Business:
Anticipated additional contributions from new plants, namely:
a) Shantou Project, where Phase 1 is in commercial operation and expected to ramp up rapidly. Phase 2 construction is expected to be
completed in 2021.
b) Xintai Zhengda Project, where part of the new facility is in commercial operation, while construction of the remaining part is expected
to be completed in 2021
c) Tongshan Project, where construction of Phase 1 is expected to be completed in 2021
Continued ramp-up of existing GI projects, mainly driven by:
a) Continuous connection of new customers, following mandatory closures of small dirty boilers, mandatory location and/or relocation of
new factories into industrial parks, and/or organic growth of customers and industrial parks served by the Group's GI plants;
b) Anticipated increase in demand for steam when Xinyuan Plant starts to supply clean heating to its new 2 million m² concession area in
Jimo International Trade Park;
c) Changrun Project starts to supply Sanli under its 25-year exclusive supply contract once the construction of pipeline network is
complete in 2021
M&S Business:
•
Order book of RMB2.9 billion as at end-January 2021
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