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Public company info - Shunfeng International Clean Energy Ltd. , 01165.HK
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Shunfeng International Clean Energy Ltd., 01165.HK - Company Profile
Chairman Wang Yu
Share Issued (share) 4,982,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Alternative Energy
Corporate Profile Business Summary: The Group is principally engaged in the business of providing clean energy and low-carbon energy-saving integrated solutions. Performance for the year: Revenue decreased by RMB264.8 million, or 15.3%, from RMB1,731.1 million for the year ended 31 December 2019 to RMB1,466.3 million for the Year.Loss for the Year decreased by RMB1,383.3 million, or 73.4%, from the loss of RMB1,884.9 million for the year ended 31 December 2019 to the loss of RMB501.6 million for the Year. Business Review Solar power generation in the PRC Upon completion of registration for share transfer of 11 Target Companies in respect of the 2019 Disposals (as defined below) and 6 Target Companies in respect of the 2020 Disposals (as defined below) during the Year, the Group’s solar power plants in the PRC realised a total installed capacity of on-grid generation of approximately 763MW as of 31 December 2020. Manufacturing and sales of LED products During the Year, the sales of LED chips, LED packages and other LED products within the Group’s production business amounted to RMB561.9 million while such amounted to approximately RMB362.7 million in 2019. Geographical information During the Year, the Group's top five customers represented approximately 47.6% of the Group's total revenue, as compared to approximately 53.1% for the year ended 31 December 2019. the Group's largest customer accounted for approximately 12.1% of the Group's total revenue, as compared to approximately 17.5% for the ended 31 December 2019. the Group's largest customer is carrying on the business of manufacturing of electronic components located in the PRC, which mainly purchases LED chips and LED packages from the Group and has been maintaining business relationship with the Group for five years. The Group’s sales to PRC-based and overseas customers represented approximately 98.9% and 1.1% of the total revenue for the Year, respectively. Prospects: Looking forward, costs of the solar power generation business will continue to drop, with ongrid parity achieved and/or expected to be achieved in most markets, while technologies such as energy storage and hydrogen energy that are related to solar power generation application advance continuously. As a result, the global clean energy market would step into a new stage of development. The Company will continue to focus on building itself into an integrated energy solutions supplier, appropriately adjust the asset allocation structure and investment direction and strive to create satisfactory returns for the Group's Shareholders.

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