Zhitong Finance and Economics learned that recently, Solactive, a well-known innovative index compilation company located in Germany, announced that the Solactive Electric Vehicle Charging Infrastructure Index (Solactive Electric Vehicle Charging Infrastructure Index) compiled by it will put China's first charging service stock Energy Chain Zhidian (Naas.) from December 1, 2023US) as a constituent stock. This is the second time that Nenglian Zhidian has been included in the index launched by the international mainstream index compilation agency after being selected into the WilderHill Clean Energy Index and the NASDAQ Golden Dragon Index.
The SolActive EV Charging Infrastructure Index was launched by Solactive in January 2022. The company provides standardized and customized climate index solutions for ** and fixed income, and has accumulated rich experience and innovative strength in more than 1,000 ESG indices, and has won the ESG Investment Award "Most Innovative ESG Index Provider".
It is understood that the constituent stocks of the SolActive EV Charging Infrastructure Index include 20 listed companies in the field of EV charging infrastructure, covering battery charging equipment manufacturing, charging services and other business areas. Among the constituents are traditional industry giants General Motors (GMUS), BP (BPus), but also Tesla (TeslaUS), NIO (NIOUS) and other leading enterprises in the field of new energy vehicles.
According to the rules for compiling the SolActive EV Charging Infrastructure Index, the constituents selected are companies listed on an exchange in one of the world's developed or emerging market countries, with a market capitalization of at least US$100 million on the base date, and a minimum average daily trading volume of at least US$500,000 in the 1 month and 6 months prior to the base date. At the same time, according to the Factset Revore Business Industry Classification System ("RBICS"), it belongs to two industries, battery charging equipment manufacturing and electric vehicle charging stations, and is selected based on the principles of the United Nations Global Compact and other ESG standards.
Solactive's partner, Hanetf, also won the "Most Innovative ESG ETF" award for its EV charging infrastructure ETF that tracks the index.
Listed on NASDAQ on June 13, 2022, Nenglian Zhidian is the first charging service stock in China, providing one-stop services for the entire industry chain, including charging station site selection consulting, software and hardware procurement, EPC engineering, operation and maintenance, energy storage, photovoltaics, automatic charging robots, etc.
As of September 30, 2023, Nenglian Zhidian connected 7670,000 units, covering 7 charging stations30,000 seats. In the third quarter of 2023, the charging volume of Nenglian Zhidian will reach 138.3 billion kWh, accounting for 21 percent of the country's public charging8%。
According to the company's financial report for the third quarter of 2023, thanks to the strength of the energy solutions business, its Q3 achieved a net income of 17.1 billion yuan, a year-on-year increase of 536%, a record high. The biggest highlight was Energy Solutions' revenue of 13.9 billion yuan, accounting for 812%, becoming the main driving force for performance growth. On a non-GAAP basis, the loss was US$24.1 million, a year-on-year decrease of 256%. Nenglian Zhidian estimates that the net income in fiscal 2023 will be between 500 million and 600 million yuan, increasing by 5-6 times, and the revenue in 2024 is expected to reach 2 billion to 3 billion yuan, an increase of 4-5 times.
With the rapid development of the business, Nenglian Zhidian has attracted extensive attention from global index compilers, and a number of important indices have been selected first. After being selected into the WilderHill Clean Energy Index (ECO), it was heavily held by the Invesco Wilderhill Clean Energy ETF (PBW), a subsidiary of global asset management giant Invesco. On September 18 this year, Nenglian Zhidian was selected into the NASDAQ China Golden Dragon Index and won the Golden Dragon China ETF-Invesco (PGJ)** under Invesco** In addition, Nenglian Zhidian continued to receive support from institutional investors, and the cumulative financing amount through additional issuance, convertible bonds and other means has reached 10.8 billion US dollars, investors include well-known investors such as Dr. Adrian Cheng of Hong Kong.
In addition, Nenglian Zhidian has also signed contracts with Fortune 500 companies such as Hyundai Motor, PICC Real Estate, and China Resources Capital, and signed strategic cooperation agreements with Tengzhou, Shandong, Wuhu Jiangbei New Area and other places, and has carried out extensive cooperation in charging infrastructure construction, new energy digital intelligence, green transportation infrastructure, etc., and deeply linked the energy ecology. Nenglian Zhidian continues to improve the breadth and depth of services, and is committed to becoming a global new energy ecological enterprise.
Under the general trend of oil and power transformation, carbon neutrality has become a global consensus, and the policy is blowing frequently. In 2023, the state will issue top-level design policy documents such as the "Guiding Opinions on Further Building a High-quality Charging Infrastructure System" to guide the high-quality development of new energy vehicles and charging infrastructure industries, and provide policy guarantees for the construction of China's new energy charging infrastructure.
According to data from the China Association of Automobile Manufacturers, from January to November 2023, the production and sales of new energy vehicles will be 84260,000 and 83040,000 units, up 345% and 367%, with a market share of 308%, of which the production and sales of new energy vehicles in November both exceeded the million mark. Energy Chain Research Institute**, the number of new energy vehicles in China will be close to 1 in 20304.5 billion vehicles. According to CIC Consulting, in 2030, the number of public charging piles in China will reach 26.3 million, and the number of charging stations in China will reach 1.32 million to 2.6 million, with a cumulative investment scale of nearly 3 trillion yuan, and the new energy service market has huge room for development.
Under the guidance of the policy level, China's new energy charging facilities have entered a period of rapid construction. As a benchmark enterprise of China's new energy charging services, Nenglian Zhidian is promoting the efficient development of the industry by virtue of its industry-leading digital capabilities and demand service capabilities, and is committed to improving the stability and efficiency of the global transportation energy network by accelerating globalization, and making continuous efforts to realize the vision of making green energy available to everyone.