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Public company info - Haitian Energy International Limited , 01659.HK
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Haitian Energy International Limited, 01659.HK - Company Profile
Chairman Lin Yang
Share Issued (share) 9,136,000,000
Par Currency Hong Kong Dollar
Par Value 0.00125
Industry Electricity Supply
Corporate Profile Business Summary: The Group is principally engaged in hydropower generation by self-owned and leased hydropower plants and provision of operating, repair and maintenance and installation services in relation to electricity supplies in the People’s Republic of China (the “PRC”). Performance for the year: The Group recorded a revenue of RMB171.6 million for the year ended 31 December 2017, representing a 27.5% decrease as compared to RMB236.8 million for the year ended 31 December 2016. For the year ended 31 December 2017, profit and total comprehensive income attributable to owners of the Company decreased by 35.1% from RMB40.7 million in the prior year to RMB26.4 million. Basic and diluted earnings per share for the year ended 31 December 2017 amounted to RMB0.29 cents (2016: RMB0.45 cents). Business Review The Group is principally engaged in the hydropower generation by self-owned and leased plants and operation and provision of operating, repair and maintenance and installation services in relation to electricity supplies in the PRC. As at 31 December 2017, the Group possessed two 110 kV electricity transmission lines with total length of 190 km and ten (six wholly-owned and four non whollyowned) hydropower plants, namely, Ma Tou Shan Hydropower Plant, Qianping Hydropower Plant, Jiulong Hydropower Plant, Fu’an Jiulong-I Hydropower Station, Fu’an Jiulong-II Hydropower Station, Xiadongxi Hydropower Plant, Liuchai Hydropower Plant, Kengdou Hydropower Plant, Cheling-II Hydropower Plant, and Huangqiling-II Hydropower Plant in Fujian Province in the PRC. The total installed capacity of the Group attributable to the Group’s equity interests in the various hydropower plants mentioned above amounted to approximately 85.47 MW. The operational details of the self-owned hydropower plants are listed as below: Ma Tou Shan Hydropower Plant（福安市馬頭山水電站） Ma Tou Shan Hydropower Plant is located on Qianyang Stream of Saijiang Basin（賽江流域茜洋溪） in Xibing Town（溪柄鎮）, Fuan City（福安市）of Fujian Province. With a total installed capacity of 11.25 MW, Ma Tou Shan Hydropower Plant commenced power generation for sale in June 2007. Ma Tou Shan Hydropower Plant is an impoundment dam reservoir hydropower plant which is built with a water diversion structure (dam) spanning the river and a water conveyance facility (tunnels and penstocks) which conveys water to the powerhouse. The powerhouse contains two 5.0 MW and one 1.25 MW vertical water turbine generators（直立式水輪發電機組）. The reservoir has a design of a total capacity of approximately 9,980,000 m3, which possesses the function of “seasonal adjustment（季調節）”, i.e. the reservoir could store excess water in the high precipitation season for the use of electricity generation in low precipitation season during the same year. Qianping Hydropower Plant（周寧縣前坪水電站） Qianping Hydropower Plant is located on the Longting Stream（龍亭溪）of the Muyang Basin（穆陽溪流域）, Zhouning County（周寧縣）of Ningde City（寧德市）in Fujian Province. With a total installed capacity of 10 MW, Qianping Hydropower Plant commenced power generation for sale in June 2008. Qianping Hydropower Plant is an impoundment dam reservoir hydropower plant which is built with a water diversion structure (dam) spanning the river and a water conveyance facility (tunnels and penstocks) which conveys water to the powerhouse. The powerhouse contains two 5.0 MW horizontal water turbine generators. The dam controls a catchment area of approximately 44 km2. The reservoir has a design of total capacity of approximately 3,340,000 m3, which possesses the function of “seasonal adjustment（季調節）”, i.e. the reservoir could store excess water in the high precipitation season or the use of electricity generation in low precipitation season during the same year. Jiulong Hydropower Plant（周寧縣九龍水電站） Jiulong Hydropower Plant is located at Qibu town（七步鎮）, Zhouning County（周寧縣）of Ningde City（寧德市）in Fujian Province. It comprises cross stream hydrological works which divert the water from upstream of Bapu Stream（八蒲溪）, a tributary of Muyang Stream（穆陽溪）, into Qibu Stream （七步溪）. Jiulong Hydropower Plant has a total installed capacity of 5.0 MW. It commenced power generation for sale in April 2003. Jiulong Hydropower Plant was acquired by the Group in May 2010. Jiulong Hydropower Plant is an impoundment dam reservoir hydropower plant which is built with a water diversion structure (dam) spanning the river and a water conveyance facility (tunnels and penstocks) which conveys water to the powerhouse. The powerhouse contains two 2.5 MW horizontal water turbine generators（卧式水輪發電機組）. The dam controls a catchment area of approximately 46 km2. The reservoir has an adjusted capacity（水庫調節庫容）of approximately 59,000 m3, which possesses the function of “daily adjustment（日調節）”, i.e. the reservoir could store excess water in the high water hours for the use of electricity generation in low water hours during 24 hours. Extension Development of Jiulong Hydropower Plant To strengthen the future cash flow and further expand our operation, the Group plans to develop an additional hydropower plant in Bapu Stream（八蒲溪）, Zhouning County, Fujian Province, the PRC. The Group was granted the development right by the relevant authority to develop an additional hydropower plant in Bapu Stream for an operating period of 50 years. Such additional hydropower plant is regarded as an extension of the existing Jiulong Hydropower Plant as it will make use of the water resources of the same river, Bapu Stream, as Jiulong Hydropower Plant. In September 2012, the Group proactively initiated the Jiulong Hydropower Plant enhancement of technologies and extension project. Based on the current construction progress, the Directors estimate the overall construction work will be completed in 2019. Fu’an Jiulong-I Hydropower Station and Fu’an Jiulong-II Hydropower Station（福安市九龍一級及 二級水電站） Fu’an Jiulong-I Hydropower Station and Fu’an Jiulong-II Hydropower Station are located in Muyun Xiang（穆雲鄉）, Fu’an City in Fujian Province and were acquired by the Group in April 2014. Fu’an Jiulong-I Hydropower Station and Fu’an Jiulong-II Hydropower Station are diversion type hydropower stations（引水式水電站）, which are built with a water diversion structure (dam) spanning the river and a water conveyance facility (tunnels and penstocks) which conveys water to the powerhouse. The total installed capacity of Fu’an Jiulong-I Hydropower Station is 2.4 MW. The reservoir has total capacity of 410,000 m3 and capacity adjustment coefficient is 2.07%. The total installed capacity of Fu’an Jiulong-II Hydropower Station is 2.1 MW. The reservoir has total capacity of 156,000 m3 and capacity adjustment coefficient is 0.56%. Liuchai Hydropower Plant & Xiadongxi Hydropower Plant（劉柴電站及下東溪電站） Liuchai Hydropower Plant is located at Yintan Village（印潭村）, Xietan Town（斜灘鎮）, Shouning County（壽寧縣）in Fujian Province and was acquired by the Group in December 2014. The total installed capacity of Liuchai Hydropower Plant is 20 MW. The dam controls a catchment area of approximately 270 km2. The reservoir possesses the function of “daily adjustment（日調節）”. Xiadongxi Hydropower Plant is located at Dongxi Village（東溪村）, Xietan Town（斜灘鎮）, Shouning County（壽寧縣）in Fujian Province and was acquired by the Group in December 2014. The total installed capacity of Xiadongxi Hydropower Plant is 30 MW. The dam controls a catchment area of approximately 179 km2. The reservoir possesses the function of “monthly adjustment（月調節）”. Huangqiling-II Hydropower Plant（黃旗嶺二級電站） Huangqiling-II Hydropower Plant is located at Youwan Village（油灣村）, Limen Town（禮門鄉）, Zhouning County（周寧縣）in Fujian Province and was acquired by the Group in December 2014. The total installed capacity of Huangqiling-II Hydropower Plant is 9 MW. The dam controls a catchment area of approximately 71.22 km2. The reservoir possesses the function of “daily adjustment（日調節）”. Cheling-II Hydropower Plant（車嶺二級電站） Cheling-II Hydropower Plant is located at Shantian Village（山田村）, Xietan Town（斜灘鎮）, Shouning County（壽寧縣）in Fujian Province and was acquired by the Group in December 2014. The total installed capacity of Cheling-II Hydropower Plant is 15 MW. The dam controls a catchment area of approximately 99.1 km2. The reservoir possesses the function of “semi-hourly adjustment（半小時調 節）”. Kengdou Hydropower Plant（坑兜電站） Kengdou Hydropower Plant is located at Zhuguanlong Town（竹管壟鄉）, Shouning County（壽寧縣） in Fujian Province and was acquired by the Group in December 2014. The total installed capacity of Kengdou Hydropower Plant is 3.2 MW. The dam controls a catchment area of approximately 104.6 km2. The reservoir possesses the function of “weekly adjustment（週調節）”. Save as the ten self-owned plants mentioned above, the Group has leased four hydropower plants, namely, Baizhang Hydropower Plant, Wangshe-II Hydropower Plant, Jingshan Hydropower Plant, and Dongxi Hydropower Plant. The operational details of the leased hydropower plants are listed as below: Baizhang Hydropower Plant（百丈水電站） Baizhang Hydropower Plant located on Shantian Village（山田村）, Xietan Town（斜灘鎮）, Shouning County（壽寧縣）. With a total installed capacity of 1MW, Baizhang Hydropower Plant commenced power generation for sale in October 2005. Wangshe-II Hydropower Plant（王社二級水電站） Wangshe-II Hydropower Plantlocated at Xiaqingshuikeng Village（下清水坑村）, Hejia Village（何 家村）, Yingshan Township（英山鄉）, Zherong County（柘榮縣）. With a total installed capacity of 18MW, Wangshe-II Hydropower Plant commenced power generation for sale in March 2005. Dongxi Hydropower Plant（東溪水電站） Dongxi Hydropower Plant located at Dongxi Village（東溪村）, Pingxi Xiang（平溪鄉）, Shouning County（壽寧縣）in Fijian Province. With a total installed capacity of 3.2MW, Dongxi Hydropower Plant commenced power generation for sale in January 2006. Jingshan Hydropower Plant（景山水電站） Jingshan Hydropower Plant located at Xiadongxi Village（下東溪村）, Xietan Town（斜灘鎮）, Shouning County（壽寧縣）in Fijian Province. With a total installed capacity of 4MW, Jingshan Hydropower Plant commenced power generation for sale in November 2005. Prospects: Looking ahead, the Group will continue to seek and acquire small and medium-size hydropower plants with promising outlooks and appreciation potential. Since the “Thirteen Five” plan has encouraged the development of hydropower and under the policy guidance of the government work report which is significantly encouraging the development of clean energies and promoting the energy-saving emission reduction, the Board believes that small and medium-size hydropower plants have greater potential for future developments and investments, and will continue to present the Group with unprecedented development opportunities and benefits. As such, the Group will strive to optimize the operation and management of its existing projects and accelerate the acquisition of and facilitate the operation and management of newly-acquired projects, in an effort to improve the performance of its existing businesses.

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