On May 29, Huitongda Network signed a cooperation agreement with Zhejiang Ming'an and the launch ceremony for the joint construction of a national operation center for the green energy industry was held in Hangzhou.
As a model enterprise promoting the domestic economic cycle and cultivating new productivity, Huitongda Network (09878) has continued to deepen cooperation with upstream industrial enterprises in recent years, and has optimized and upgraded the industrial model. Recently, Huitongda Network's cooperative landscape was further expanded. This time, the company is focusing on the green energy industry.
The Zhitong Finance App learned that on May 29, Huitongda Network and Zhejiang Ming'an Chaoju Intelligent Technology Co., Ltd. (hereinafter referred to as “Zhejiang Ming'an”) signed a cooperation agreement and the launch ceremony for the joint construction of a national operation center for the green energy industry was held in Hangzhou. Leaders from the Linping District Committee, District Government, Linping New Town Management Committee and relevant Nanyuan Street leaders, Ni Juan, vice president of Huitongda and secretary of the board of directors, and Chu Ming, chairman of Zhejiang Ming'an, attended the event.
The signing will rely on Huitongda Network's brand endorsement and channel resources, Zhejiang Ming'an's professional team, industry resources, and the advantages of an independent SaaS platform to jointly build a national operation center for the green energy industry in the listed company sector and join hands to enter the distributed photovoltaic and derivative solar storage and charging markets. The cooperation plan will achieve a performance target of 6 billion yuan over 6 years.
Deeply investigating the reason behind the cooperation between Huitongda Network and Zhejiang Ming'an, on the one hand, it is inseparable from the bright prospects of the distributed photovoltaic industry; on the other hand, it is also inseparable from the two companies' leading position in the industry and their strong strength.
Since the introduction of the “double carbon” target in 2020, China has made many efforts in energy saving and emission reduction. “Carbon peak, carbon neutrality” has moved from deployment to full implementation in various fields. As an important part of green energy, distributed photovoltaics has also experienced explosive growth in the past few years. According to the data, the new installed scale of distributed photovoltaics increased from 15.52 GW in 2020 to 96.29 GW in 2023. The annual increase reached 70 to 80 percent, and the growth rate in 2023 was close to 90 percent. By the end of 2023, distributed photovoltaics had a cumulative installed capacity of 253GW, accounting for 42% of the total installed capacity of photovoltaics.
The 2024 Central Committee Document No. 1 emphasizes promoting the development of distributed new energy sources in rural areas, which has once again brought new impetus to distributed photovoltaics.
According to the Zhitong Finance App, rooftop resources can build household photovoltaic rooftop power plants. Farmers can not only use clean and green energy, but power generation income can also subsidize household use, creating a new path for green energy to help common prosperity. At the same time, through alliances with factories and enterprises, it is also possible to make full use of enterprise plant roofs to build photovoltaic power plants, reduce enterprise electricity costs, and achieve a win-win situation of economic and social benefits while using green energy.
Dongwu Securities pointed out that, benefiting from policy promotion, advances in photovoltaic technology and growing demand, distributed photovoltaic installations are developing strongly, and their share is constantly increasing. As the main form of distributed photovoltaic power generation, household photovoltaics are expected to benefit from the rapid development of distributed photovoltaics and achieve further volume. The National Energy Administration also said that according to forecasts, the area of photovoltaic roofs that can be installed in rural areas of China is about 27.3 billion **** meters, more than 80 million households, and there is huge potential for development.
In this context, the future of distributed photovoltaics can be described as clear, which is an important reason why Huitongda Network is actively strengthening this track.
As the leading domestic industrial connectivity platform for the sinking market, Huitongda Network has been deeply involved in the rural market for many years, successfully built an industrial service platform integrating online and offline, explored and implemented an efficient and efficient commercial circulation path with “platform+member store” as the core, and won market recognition. By the end of 2023, the company had formed a retail ecosystem covering 21 provinces and municipalities directly under the Central Government and 24,000+ townships in China. The business covered 237,000+ member retail stores, with revenue exceeding 82.4 billion yuan.
According to the Zhitong Finance App, Zhejiang Ming'an is an industrial service provider focusing on urban and rural green buildings and green energy businesses. It is also a national high-tech enterprise, and was rated as one of the top 100 industrial enterprises in 2023. Zhejiang Ming'an actively participated in the distributed photovoltaic and prefabricated construction markets through a self-developed SaaS intelligent platform around the country's “dual carbon target” and “rural revitalization” strategy. Among them, the distributed PV sector includes household retail, county-wide (town) project business, and innovative industrial and commercial products launched in 2024 to provide multi-scenario green solutions for end users. At the same time as the business expanded rapidly, Zhejiang Ming'an also achieved a sharp leap in turnover from “one million to ten million to 100 million yuan” in just three years, with a compound annual growth rate of 403% during this period.
Therefore, this cooperation is expected to achieve resource sharing, complementary advantages, mutual benefit and win-win situation between the two sides, and work together to seize new opportunities for distributed photovoltaic market growth, thus generating “1+1>2” or even more value growth. According to the Zhitong Finance App, this cooperation is also another implementation of Huitongda Network's annual strategy to vigorously promote supply chain model innovation and connect more upstream manufacturing enterprises on the industrial side. Huitongda Network is expected to help rural residents achieve revenue growth while helping Zhejiang Ming'an's photovoltaic and derivatives services more efficiently reach the sinking market. In the process, Huitongda Network will also improve its own profitability, thus successfully achieving a win-win situation for all parties.
Taken together, the rapidly developing distributed photovoltaic circuit has extremely broad development space. In a promising market, Huitongda Network is expected to unleash a healthy development momentum of 1+1>2 by sharing resources and complementing each other's advantages with Zhejiang Ming'an. With favorable policy promotion and the support of its own advantages, the “leading effect” of Huitongda Network and Zhejiang Ming'an will also be further unleashed. While helping the country achieve its “dual carbon” goal, new profit growth space is also expected to open up for the two sides.