Gelonghui March 15 丨 Jiangsu Sunshine (600220.SH) announced that the company's main business is textile business, and also involves thermoelectric business. The company currently has three thermoelectronics companies, namely Xinqiao Thermal Power, Huangtang Thermal Power, and Dafeng Thermal Power. Dafeng Thermal Power mainly produces electricity and steam. Electricity is sold online to the Jiangsu Electric Power Company, and steam is used to meet the heat needs of the region under its jurisdiction. After production of Huangtang Thermal Power was discontinued in February 2021, it provided Huaneng Jiangyin Combustion Engine Thermal Power Co., Ltd. with the right to use assets and market management rights for the heating pipe network and necessary supporting facilities, and received compensation proceeds. After the subsidiary Xinqiao Thermal Power was discontinued, according to the cogeneration plan of the Jiangyin Municipal Government, Xinqiao Thermal Power's current power supply and heating market was taken over by Zhoubei Thermoelectric. The company plans to sign a framework agreement to invest in Zhoubei Thermal Power to jointly invest in the construction of an efficient “coal-fired subcritical backpressure unit replacement integration project”, which can increase the stability of the company's heating and obtain good economic benefits, and has a synergy effect with the company's existing business.

According to the “Feasibility Study Report on Jiangyin Zhoubei Thermal Power's New Coal-Fired Subcritical Back Press Unit Replacement Integration Project” issued by China Electric Power Engineering Consulting Group Northwest Electric Power Design Institute Co., Ltd., the internal rate of return of 15.2% of investors during the project operation period was estimated at 1470.75 yuan/t (tax included), electricity price 0.465 yuan/kWh (tax included), hot price 83.4 yuan/GJ (tax included). Compared with the industry benchmark yield, the investor's internal rate of return was 15.2% and the internal return on capital was 18.54%. Shimbashi Thermal Power's original The power generation and heating business has higher economic efficiency.