_ 1 _Inflation in the US hit a new 40-year high of 7.9% in February.

ChuanTou Energy:The electricity generation of the company's holding enterprises increased by 10.58% year-on-year from January to March

Registered capital of 5 million! Yunda Co., Ltd. established a new energy company in Mishan.

Earned a net profit of 4.558 billion yuan! JingSheng Electromechanical's 2023 performance is announced

4.Director and supervisor resign! Senior management of a photovoltaic battery listed company changes!

A maximum subsidy of 45 million! The Ministry of Finance issued a document to launch a rural charging and swapping pilot project!

Qinghai power grid to invest 8.82 billion yuan in annual construction

7. National Energy Administration:Actively support the development of combined calling modes like new energy + storage, and prioritize the calling of pilot projects

8. Ukraine's Energy Ministry has announced that electricity consumption limits will remain in place in the Kharkiv region

9. France's "Solar Plan for Combat" announced!

_ 2 _Corporate Trending

ChuanTou Energy:The electricity generation of the company's holding enterprises increased by 10.58% year-on-year from January to March

On April 12, ChuanTou Energy announced that in the period from January to March 2024, the electricity generation of its controlled companies totalled 784 million kilowatt-hours, up 10.58% year-on-year; the electricity delivered to the grid reached 770 million kilowatt-hours, representing an increase of 10.63% year-on-year; the average grid-connected electricity price was RMB 0.295 per kilowatt-hour, down 2.64% year-on-year. From January to March 2024, the electricity generation of the company's controlled hydropower companies totalled 753 million kilowatt-hours, up 12.72% year-on-year; the electricity delivered to the grid reached 739 million kilowatt-hours, up by 12.82% year-on-year; and the average grid-connected electricity price of the hydropower companies was RMB 0.283 per kilowatt-hour, a year-on-year increase of 0.35%.

Registered capital of 5 million! Yunda Co., Ltd. established a new energy company in Mishan.

According to Qichacha, Mishi New Energy Co., Ltd. was established on April 12. The legal representative is Tang Jingyang, with a registered capital of 5 million yuan and a business scope that includes:Services for wind power generation technology; manufacturing of mechanical and electrical equipment; services for solar power generation technology; R&D of wind farm-related systems; R&D of offshore wind power-related systems, etc. According to investigations by Qichacha on equity penetration, Mishan Yushun New Energy Co., Ltd. is a wholly-owned subsidiary of Yunda Co., Ltd.

Earned a net profit of 4.558 billion yuan! JingSheng Electromechanical's 2023 performance is announced

On April 13, Jingsheng Electromechanical released its 2023 annual report. Data shows that in 2023, Jingsheng Electromechanical's revenue will be 17.983 billion yuan, a year-on-year increase of 69.04%; attributable net profit will be 4.558 billion yuan, a year-on-year increase of 55.85%. In 2023, Jingsheng's operating income from electromechanical equipment and services will be 12.812 billion yuan, a year-on-year increase of 51.29%; the operating income from materials business will be 4.163 billion yuan, a year-on-year increase of 186.15%. As of December 31, 2023, Jingsheng Electromechanical had not completed contracts for crystal growth equipment and intelligent processing equipment totaling 28.258 billion yuan, of which 3.274 billion yuan had not been completed for semiconductor equipment. Jingsheng Electromechanical's main customers include TCL Zhonghuan, Youyan Silicon, Shanghai Xinsheng, Yisiwei, Hejing Technology, Jingke Energy, Jingao Technology, Tongwei Co., Ltd., Trina Solar, Meike Co., Ltd., Hongyuan Green Energy, Gaojing Solar Energy, Shuangliang Energy Saving, etc.

4.Director and supervisor resign! Senior management of a photovoltaic battery listed company changes!

On April 13, Yicheng New Energy released an announcement disclosing that the board of directors had recently received a written resignation report submitted by director Wan Shanfu. Mr. Wan Shanfu applied to resign from his position as director of the company's sixth board of directors due to retirement, and will no longer hold any position in the company after his resignation. Yicheng New Energy stated that Mr. Wan Shanfu's resignation will not result in the number of directors on the company's board of directors falling below the statutory minimum, and his resignation will take effect from the time the resignation report is delivered to the company's board of directors. Wan Shanfu's original term of office was from October 31, 2022 to October 30, 2025. As of the date of this announcement, he did not hold any shares of the company and there were no commitment matters that should have been performed but were not performed.

On the same day, Yi Cheng Xinneng also issued another announcement showing the written resignation report submitted by Mr. Chen Jinwei, chairman of the Supervisory Board of Yi Cheng Xinneng. Mr. Chen Jinwei applied to resign as chairman of the sixth supervisory board of the company due to job transfer reasons. After resigning, he will no longer hold any position in the company.

_ 3 _** Industry news **

Up to CNY45 million in subsidies! Ministry of Finance issues document to launch rural battery swap pilot project!

On April 12, the Ministry of Finance, the Ministry of Industry and Information Technology, and the Ministry of Transport jointly issued the Notice on Carrying Out the Pilot Work for County-level Charging and Swap Infrastructure (hereinafter referred to as the Notice), launching the "Hundreds of Counties, Thousands of Stations, and Tens of Thousands of Piles" pilot project. The first batch of pilot projects involves 70 counties in 24 provinces. The Notice requires pilot counties to combine local conditions, especially in rural areas with better distributed PV coverage, to promote the construction of integrated charging facilities for PV power generation, energy storage, and charging and swap. The central government will provide reward funding support, with a demonstration period of 3 years. According to the utilization rate of charging and swap facilities, the reward standards are divided into three levels, with the highest up to RMB 45 million.

Qinghai grid construction annual investment of 8.82 billion yuan

On April 13, State Grid Qinghai Electric Power Co., Ltd. revealed that the investment in Qinghai Power Grid in 2024 will reach RMB 8.82 billion, breaking the investment record of the power grid in recent years. It is expected that the investment in Qinghai Power Grid this year will boost the local economic growth by about RMB 17 billion and provide more than 26,000 jobs. It is understood that the construction projects of Qinghai Power Grid are resuming work and production in an all-round way, ushering in an important period for the construction of the main grid and urban and rural distribution network projects. This year, Qinghai Power Grid plans to build and continue 536 projects, with 332 projects expected to be put into operation during the year, and the commissioning rate is expected to exceed 62%. Among them, 63 engineering projects of 35 kV and above are expected to be put into operation, with a total length of 2059.7 km of new lines and a transformer capacity of 16.775 million kVA.

National Energy Administration:Actively support the development of joint operation modes such as renewable energy + energy storage, and give priority to the trial and demonstration projects

On April 12th, the National Energy Administration issued the "Notice on Promoting Grid Connection and Dispatch of New Energy Storage", which shall be effective from the date of issuance for a period of five years.

The notice points out to actively support the development of combined use models such as new energy + energy storage, aggregated energy storage, and integrated light storage and charging, give priority to calling new energy storage pilot demonstration projects, and give full play to the value of various energy storage. When calling new energy storage, for new energy storage participating in the electricity market, the operation of the new energy storage is arranged according to the results of the market clearing. For the new energy storage that does not yet meet the conditions for participating in the electricity market, it is called through the dispatching instruction. In case of an accident (incident) that endangers the safety of the power system and other necessary situations, all new energy storages within the scope of regulation shall accept the unified direct call of the power dispatching agency, and the independent energy storage charge and discharge price mechanism shall be implemented during the period of direct call.

_ 4 _International Focus

#Ukraine's energy ministry says electricity consumption limits will remain in place in the Kharkiv region

On April 14, according to a report from the Ministry of Energy of Ukraine, the Kharkiv region of Ukraine was attacked by Russian troops that day, causing serious damage to the energy infrastructure. Ukraine's Ministry of Energy issued a statement through the "Telegraph" social platform, pointing out that power generation facilities, transmission and distribution systems across Ukraine suffered "extensive" damage. According to the statement, Ukraine Energy Minister German Galushchenko has confirmed that power outages have occurred in parts of Ukraine. Minister Galushchenko said:"The power sector is working hard to restore power supply." According to relevant reports, Kiev City, Kharkiv Oblast, Sumyayya, Dnepropetrovsk Oblast, Zaporizhny Oblast, Ivano-Frankivsk Oblast and Khmelnitsky Oblast exploded due to the attack. In addition, power outages also occurred in parts of Kropivnitsky city in Kirovograd Oblast.

#France Unveils 'Solar Combat Plan'

French Minister of Economy and Finance Le Maire recently solemnly announced that the government will take a series of measures, including providing subsidies and revising carbon content standards, to support and promote the development of the "Made in France" solar panel industry. This strategic move was vividly called the "Solar Energy Operation Plan" by Secretary Le Maire. According to Bloomberg, Minister Le Maire clearly pointed out in his speech that by 2030, French-made solar panels will account for 40% of the market share. To achieve this goal, the government has decided to fund two solar panel production plants led by French start-ups Carbon SAS and HoloSolis SAS, with a total investment of 2.2 billion euros. In addition, the two companies may also enjoy tax breaks of up to 200 million euros this year and may receive additional financial support.

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