Ningxia Yinxing Energy Co., Ltd. (000862)

Ningxia Yinxing Energy Co., Ltd. (000862)

Ningxia Yinxing Energy Co., Ltd. (hereinafter referred to as Yinxing energy) is located in Yinchuan economic and Technological Development Zone (No. 166, Liupan Shanxi Road, Xixia District). Its predecessor is Wuzhong instrument factory. It was founded in 1959 and has a history of mechanical manufacturing for more than 60 years. In 1998, it was listed on Shenzhen Stock Exchange (Stock Code: 000862), and its controlling shareholder is Chalco Ningxia Energy Group Co., Ltd. The company is mainly engaged in new energy power generation, new energy equipment manufacturing and maintenance and installation services, with a registered capital of 706 million yuan. By the end of December 2019, the total assets are 9.353 billion yuan, and the output value in 2019 is 1.475 billion yuan.

New energy power generation mainly includes wind power generation and solar photovoltaic power generation, with an installed capacity of 1466800 kW. It is mainly distributed in Helan Mountain, Taiyang mountain, Niushou mountain, Hongsibao, Mahuang mountain, dashuikeng, Alxa Left Banner, fengdikeng and other 12 wind farms in Ningxia and Ningxia Inner Mongolia border area, and three photovoltaic power stations in sunjiatan, Yinxing well 1 and Sikouzi.

New energy equipment manufacturing mainly includes fan tower manufacturing, fan assembly and gearbox maintenance; It has a megawatt wind power gearbox loading experimental platform, and has formed a comprehensive service system integrating whole machine assembly, tower manufacturing and gearbox maintenance and inspection.

Maintenance and installation services mainly include after-sales services and consulting services for wind farm design, construction and operation, replacement, operation and maintenance, inspection and repair, hoisting and engineering construction of large components of wind farm and photovoltaic power station, maintenance capacity of mainstream wind turbine speed increaser and various imported reducers, and maintenance of coal machinery equipment.

In recent years, according to the changes of industrial policies and market development trend, Yinxing energy has adjusted and optimized its asset structure, implemented industrial transformation and upgrading, and effectively improved its comprehensive profitability. In the future, with the adjustment and development of industrial structure, the company will adhere to the strategic goal of "power generation oriented, maintenance optimization and manufacturing efficiency first, coordinated development", and build a new energy listed company integrating new energy power generation, equipment manufacturing and maintenance services, with strong profitability per unit asset, strong industrial complementarity and strong market competitiveness.

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