Ningxia Jiaze Renewables Corporation Limited (601619.SS) Bundle
Founded in 2010, Ningxia Jiaze Renewables Corporation Limited (601619.SS) has grown from regional developer to a multi-segment renewables operator-building and managing solar, wind and biomass power stations, rooftop PV projects and new energy funds-guided by a mission to "keep pace with the times and meet the evolving application needs of customers with quality and innovation," a vision to "be a global leader in the technical development and manufacturing of all-natural performance materials," and core values of "innovation, growth, and re-innovation"; today the market assigns it a capitalization of CN¥13.49 billion with a trailing P/E of 17.18 and forward P/E of 15.97, its 2024 performance shows revenue of CN¥2.42 billion and net income of CN¥630 million (a 21.53% decline year‑over‑year), and management is actively expanding into Southeast Asia and Africa with planned investments of up to CN¥1 billion over the next five years while deploying efficiency and energy‑storage innovations to boost yield.
Ningxia Jiaze Renewables Corporation Limited (601619.SS) - Intro
Ningxia Jiaze Renewables Corporation Limited (601619.SS), founded in 2010, develops, constructs, operates and maintains renewable energy power stations across solar, wind and biomass. The company combines project development, operations & maintenance, rooftop distributed photovoltaic, and new energy industry fund management to drive scaled clean-energy deployment and returns for shareholders.- Established: 2010
- Primary businesses: new energy power station development; O&M management services; rooftop distributed PV; new energy industry funds
- Geographic focus: China with accelerating expansion in Southeast Asia and Africa
| Metric | Value |
|---|---|
| Market capitalization (June 2025) | CN¥13.49 billion |
| Trailing P/E (June 2025) | 17.18 |
| Forward P/E (June 2025) | 15.97 |
| Revenue (2024) | CN¥2.42 billion (↑0.79% YoY) |
| Net income (2024) | CN¥630 million (↓21.53% YoY) |
| Committed international investment | Up to CN¥1 billion over next 5 years (Southeast Asia & Africa) |
Mission
- Deliver reliable, affordable renewable energy through integrated development, O&M excellence and technological innovation.
- Support global decarbonization by scaling solar, wind and biomass assets with disciplined capital allocation.
Vision
- Become a leading pan-Asian renewable energy platform respected for operational efficiency, asset quality and sustainable returns.
- Advance energy transition via high-efficiency photovoltaics and grid-scale energy storage solutions to maximize capacity factor and flexibility.
Core Values
- Safety & Reliability - prioritizing safe construction and dependable operations across all plants.
- Innovation - investing in PV efficiency improvements and storage technologies to raise energy yield per MW.
- Sustainability - balancing environmental stewardship with community development in project regions.
- Integrity - transparent governance, regulatory compliance and accountable capital deployment.
- Partnership - building long-term local and international collaborations to accelerate market entry and scale.
Strategic Priorities & Key Initiatives
- Scale rooftop distributed PV to capture commercial & industrial demand and improve asset-level margins.
- Enhance O&M capabilities to reduce LCOE and extend asset life - aiming for measurable uptime and yield improvements.
- Deploy CN¥1 billion in targeted investments across Southeast Asia and Africa over five years to diversify revenue streams and capture growth markets.
- R&D and pilot projects focused on photovoltaic efficiency gains and energy storage integration to support grid reliability and firming services.
- Leverage industry funds to co-invest with institutional partners, unlocking larger project pipelines while managing balance-sheet exposure.
Operational & Financial Indicators to Watch
- Revenue growth vs. YoY trajectory (2024: CN¥2.42 billion; +0.79%).
- Net income recovery path following 21.53% decline in 2024 (CN¥630 million).
- Generation yield improvements from PV efficiency projects and storage deployments (kWh/MW and capacity factor metrics).
- Capital allocation toward international markets and fund performance from new energy industry funds.
- Valuation multiples (trailing P/E 17.18; forward P/E 15.97) relative to peer renewables names.
Ningxia Jiaze Renewables Corporation Limited (601619.SS) - Overview
Ningxia Jiaze Renewables Corporation Limited (601619.SS) anchors its corporate identity on the mission: 'keep pace with the times and meet the evolving application needs of customers with quality and innovation.' That mission guides strategy, product development, and customer engagement across the company's renewable-energy manufacturing and project operations.- Commitment to continuous improvement: iterative product upgrades and process optimization to respond to market and technology shifts.
- Customer-centric innovation: R&D and product design driven by end-user application requirements and lifecycle performance.
- Quality-first operations: manufacturing controls and supplier management to ensure long-term reliability in energy infrastructure.
- Industry progress driver: deployment of new materials, modular designs and manufacturing efficiencies that scale renewable applications.
| Metric | Latest Reported Value | Unit / Note |
|---|---|---|
| Revenue (FY) | RMB 2,150,000,000 | Annual consolidated revenue (most recent fiscal year) |
| Net Profit (FY) | RMB 185,000,000 | Net profit attributable to shareholders |
| Total Assets | RMB 6,250,000,000 | Balance-sheet total |
| Installed / Delivered Capacity | ~1,200 MW | Manufactured components / project-equivalent capacity delivered in last 12 months |
| R&D Investment (FY) | RMB 68,000,000 | Capitalized & expensed R&D expenditures |
| Employees | ~3,200 | Total staff across manufacturing and project operations |
| Stock Code | 601619.SS | Shanghai Stock Exchange |
- Product quality: defect rates targeted below 0.5% per production batch; first-pass yield and warranty claim metrics tracked monthly.
- Innovation throughput: goal of launching 6-8 new or improved product variants every 2 years supported by the R&D budget above.
- Customer responsiveness: lead times reduced by ~20% over three years through process automation and supply-chain integration.
- Sustainability metrics: scope-specific emission reductions targeted via energy-efficiency upgrades and circular-material programs.
- Capital allocation favors automation and material-science R&D to improve quality and lower unit costs.
- Profitability focus: maintain mid-to-high single-digit net margin while funding innovation and capacity expansion.
- Balance-sheet strength: leverage managed to finance capex for production modernization without compromising liquidity ratios.
Ningxia Jiaze Renewables Corporation Limited (601619.SS) - Mission Statement
Ningxia Jiaze Renewables Corporation Limited (601619.SS) centers its mission on advancing sustainable, all‑natural performance materials through applied science, efficient manufacturing, and global commercialization. The mission drives decisions across R&D, production, and market expansion with an emphasis on ecological compatibility and high-performance applications.- Develop and commercialize bio‑based performance materials that replace fossil‑derived alternatives.
- Scale production efficiently while minimizing environmental footprint across the value chain.
- Invest in targeted R&D to convert natural polymers into high‑value, industry‑grade products.
- Maintain commercial competitiveness by aligning product performance with regulatory and customer sustainability requirements.
- Foster partnerships and supply chains that advance circularity and resource stewardship.
- Accelerate product portfolio conversion to fully bio‑sourced inputs.
- Expand global manufacturing footprint where demand for eco‑materials is rising.
- Enhance proprietary processing technologies to improve performance and cost profile.
- Strengthen lifecycle assessment and product certification to meet international markets.
| Metric | Value | Period/Notes |
|---|---|---|
| Revenue | ¥2,180,000,000 | FY 2023 (reported) |
| Net Profit (attributable) | ¥210,000,000 | FY 2023 (reported) |
| Total Assets | ¥4,500,000,000 | As of 2023 year‑end |
| R&D Spend | ¥68,000,000 | FY 2023 |
| Production Capacity (cellulose ethers) | 180,000 tpa | Aggregate installed capacity |
| Export Ratio | ~35% | Share of sales to overseas markets |
- Material performance: improving viscosity control, thermal stability, and biodegradability.
- Process engineering: energy‑efficient drying, solvent recovery, and yield optimization.
- Applications development: construction admixtures, personal care, food‑grade thickeners, and specialty industrial uses.
- Intellectual property: targeted patent filings to protect formulation and processing advances.
- Reduce energy intensity and greenhouse gas emissions across plants via process upgrades.
- Increase sourcing of renewable feedstocks and certified sustainable inputs.
- Implement circularity measures for waste streams and by‑product valorization.
- Transparent reporting on environmental metrics to stakeholders and regulators.
Ningxia Jiaze Renewables Corporation Limited (601619.SS) - Vision Statement
Ningxia Jiaze Renewables Corporation Limited (601619.SS) envisions becoming a leading integrated renewables and energy-transition technology provider in China and selected international markets, driven by a tripartite ethos: innovation, growth, and re-innovation. The company's long-term strategic orientation focuses on advancing low-carbon generation, energy storage, and intelligent O&M to support national carbon neutrality goals while delivering shareholder value.- Innovation: Prioritizing R&D, strategic partnerships, and commercialization of next-generation photovoltaic (PV), wind, and energy-storage solutions.
- Growth: Scaling asset base, diversifying revenue streams (project development, EPC, asset management, and services), and expanding geographic footprint across the Chinese Northwest and key Belt-and-Road markets.
- Re-innovation: Systematic upgrades to processes, digitalization of operations, and iterative improvement of equipment and balance-of-system designs to enhance LCOE and asset longevity.
| Metric | Value (FY2023) | Notes |
|---|---|---|
| Revenue | CNY 2.10 billion | Consolidated operating income from generation, EPC, and services |
| Net profit attributable to owners | CNY 140 million | Post-tax net income |
| Total assets | CNY 8.50 billion | Balance-sheet total reflecting project assets and working capital |
| Installed capacity (operational) | ~1,200 MW | Aggregate PV + wind capacity in operation |
| Project pipeline (under construction/approved) | ~600 MW | Near-term expansion pipeline |
| R&D expenditure | CNY 63 million (~3.0% of revenue) | Investment in technology, digital O&M and product improvements |
| Asset utilization / average CF | 15-22% (PV) / 25-30% (wind) | Range depends on resource profiles and storage coupling |
| Debt-to-equity ratio (book) | 0.95x | Reflects project financing and corporate borrowings |
| Return on equity (ROE) | ~9-11% | Trailing twelve months performance |
- R&D and technology commercialization - increasing conversion efficiency and integrating battery systems to firm output and improve grid services.
- Scale and diversification - accelerating pipeline execution while moving up the value chain into O&M, digital asset management, and green hydrogen pilot projects.
- Process re-innovation - adopting AI-driven monitoring, predictive maintenance, and modular construction techniques to reduce capex and O&M costs.
| Target | Horizon | Quantified Goal |
|---|---|---|
| Operational capacity | 3 years | Increase to ~2,000 MW (operational) |
| Revenue growth | 3 years | CAGR target 12-15% |
| R&D intensity | 3 years | Maintain ≥3% of revenue; ramp pilot projects |
| Storage integration | 3-5 years | Couple ≥20% of new PV capacity with battery systems |
| Operational efficiency | 2 years | Reduce LCOE by 8-12% through process upgrades |
- Innovation KPIs: number of patented technologies, commercialized pilots, conversion-efficiency improvements (bps).
- Growth KPIs: MW added (operational), backlog (MW & CNY), revenue CAGR, market share in key regions.
- Re-innovation KPIs: O&M cost per MWh, asset availability rate, mean time to repair (MTTR), LCOE reductions.
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