It only took half a year to enter the new energy industry halfway Zhongcheng Dayou Industrial Group ***hereinafter referred to as "Zhongcheng Dayou") successfully "famous" in the energy storage industry.
Zhongcheng Dayou is not a rookie, but a construction company founded in 2016. In the second half of 2023, Zhongcheng Dayou suddenly entered the energy storage industry, and with the strong resource integration ability of the mysterious shareholder, Zhongcheng Dayou quickly established a huge and luxurious "political and business circle of friends".
There are not only dozens of places in the circle of friends, but also a number of industry bigwigs such as CATL and BYD. A series of "swiping" signings are dazzling, and the cooperation of tens of billions of yuan has also attracted the attention of the industry.
According to Zhongcheng University's public information, it has signed 80 independent shared energy storage projects in 13 provinces in China. In the future, it is also planned to invest 60 billion yuan to build 80 grid-side energy storage projects.
The goal is set high, and the project is implemented quickly enough. On January 12, Foshan, the first energy storage project signed by Zhongcheng University, took the lead in starting construction. Immediately afterwards, on January 27, the Zhongcheng Dayou show project landed in Huai'an.
In the energy storage industry, what is the origin of Zhongcheng Dayou, which is surging and conquering the city? Huaxia Energy Network found that Zhongcheng Dayou is trying to find another way to "share" the energy storage industry, and there is a mysterious parent company with the dream of going public behind it.
Backed by a mysterious shareholder
The mysterious Midtown Dayou has announced a number of energy storage development projects in a high-profile manner within half a year.
On the morning of January 12, the groundbreaking ceremony of Zhongcheng Dayou's first project in the energy storage industry, Foshan Sanshui 100MW 200MWh independent energy storage power station project, was held. The project was signed in June 2023 and is located in Area A, Julong Bay, Bai Ni Town, Sanshui District, Foshan City, covering an area of about 3208 acres.
Wu Fafu, chairman of Zhongcheng Dayou, attaches great importance to the signing of this project, appeared at the groundbreaking ceremony, and announced the vision of the company he leads to become a "leader in energy storage ecology" in the future.
Zhongcheng University has WeChat***
More than ten days later, on January 27, another new project of Zhongcheng Dayou followed the heat. Huai'an Jinhu 150MW 300MWh independent energy storage power station project officially started, and announced that it is expected to be connected to the grid and put into operation in July 2024.
Through the intensive project release, Zhongcheng Dayou has attracted the attention of the industry.
Tianyancha shows that Zhongcheng Dayou was established in 2016 and is registered in Shenzhen. Before April 2021, it had successively used the name "Zhongcheng Chuangzhan Smart City Construction***Zhongcheng Chuangzhan Urban Development and Construction***Zhongcheng Chuangzhan Urban Development Group***".
The shareholders of Midtown Dayou also had a power swap from 2021 to 2022.
The original controlling shareholder of Zhongcheng Dayouyuan is Zhongcheng Development Group, which was initiated and established by the "China Urban Development Research Association" under the Chinese Academy of Social Sciences in 2015, set foot in the field of smart energy in 2017, and merged into China Poly Group in 2021.
In November 2021, Zhongcheng Development Group withdrew from Zhongcheng Dayou. Since June 2022, Zhongcheng Dayou has been 100% controlled by Zhongting Holding Group.
Zhongcheng has an equity structure (data**: Tianyancha).
Tianyancha shows that Zhongting Holding Group is 100% controlled by Dayou Digital Resources Co., Ltd. (hereinafter referred to as "Dayou Digital") through Dayou Guolian Holdings.
Da has a deep background in numbers. According to public information, Dayou Digital is responsible for the operation of the national party school information resource system and distance teaching network. Its three major controlling shareholders are the Communist Party of China ** Party School (National Academy of Administration), China CITIC Group, and Huadi Computer Group, each holding 3333%。
Among them, the parent company of Huadi Computer Group is China Aerospace Science and Industry Corporation.
The company's new and old shareholders are all under the State-owned Assets Supervision and Administration Commission, and the details of the right-hand power transfer between the shareholders of Zhongcheng Dayou central state-owned enterprises are unknown to outsiders. However, according to the progress of time and business adjustment, it is not difficult to find that after Zhongting Holdings and Dayou Digital became the owners, Zhongcheng Dayou quickly aimed at the energy storage track after internal adjustment, and began to emerge in the market in the second half of last year.
Zhongcheng Dayou's main business has also shifted from the construction and installation industry in the past to three categories: new energy, party and government cultural construction, and urban renewal.
According to public information, its goal in the new energy sector is to become a leader in the new energy ecology ......Comprehensively lay out the "user-side + grid-side" energy storage market nationwide, promote the "county-wide photovoltaic storage and supercharging integration" model, and build a national carbon neutrality demonstration county.
Integrate political and business resources
The national policy of "promoting the whole county" of photovoltaic development began in June 2021, and the development of distributed photovoltaic has benefited from the promotion of the whole county.
Since 2023, provinces and cities across the country have successively announced the grid-connected situation of wind and solar power generation, and the power grid capacity is in an emergency, which has made the proponents of new energy storage "smell" the opportunity of grid-side energy storage.
Zhongcheng Dayou, it can be said that it has just caught the "express" of energy storage, and it also has a strong ability to integrate resources.
According to incomplete statistics from public information, since the second half of 2023, Zhongcheng Dayou has been in close negotiations with dozens of local governments, among which several cooperation has been reached.
On June 9, 2023, Zhongcheng Dayou held a signing ceremony with Chegang Town, Xinxing County, Guangdong Province, and reached a cooperation agreement on a 100MW 400MWh energy storage power station project with a total investment of 1.2 billion yuan and an area of 55 acres.
In September, Zhongcheng University signed at least 5 energy storage power station projects in one go, with a total investment of 5 billion yuan, including four districts and counties in Jiangxi Province and one county in Shandong.
In the three months leading to the end of the year, Zhongcheng Dayou signed another 5 energy storage power station projects, involving many cities and counties in Anhui, Fujian, Jiangxi, Guangdong and other provinces.
According to the data released by Zhongcheng Dayou's WeChat, as of January 12, 2023, Zhongcheng Dayou has signed 80 independent shared energy storage projects in 13 provinces, including Guangdong, Jiangsu, Zhejiang, Shandong, and Gansu. Strive to connect 8 projects to the grid and put into operation by June 2024.
Zhongcheng University has WeChat***
Zhongcheng Dayou also plans to invest 60 billion yuan in five years to build 80 grid-side energy storage projects (with a total scale of 42GWh), 3GWh industrial and commercial energy storage projects, and build a "million-thousand" plan of 100 brand stations, 1,000 special stations and 10,000 property stations for optical storage supercharging.
This is no small goal.
According to the data of Zhongguancun Energy Storage Industry Technology Alliance, by the end of 2023, the cumulative installed capacity of new energy storage in China will be 345gw/74.5GWh, of which the increase in 2023 is 215gw/46.6gwh。
The amount of investment it plans to invest is also confusing. Huaxia Energy Network noted that in the tweet of the above plan, the five-year investment of Zhongcheng Dayou grid-side energy storage project is 60 billion yuan, but the total investment marked in the accompanying picture is "more than 80 billion".
Zhongcheng Dayou is also very good at "taking advantage of the situation" and has joined hands with a number of leading enterprises in the industry.
On September 4, 2023, Zhongcheng Dayou signed a contract with Shenzhen National Energy Reserve, and the two parties reached a strategic cooperation on investing 10 billion yuan in energy storage projects. On October 11, Zhongcheng Dayou signed a strategic cooperation agreement with Guoxing Energy (Guangdong), and the two sides plan to invest 6 billion yuan within five years to achieve investment and operation of more than 3GWh of industrial and commercial energy storage power stations.
On October 20, Zhongcheng Dayou signed a contract with battery giant CATL, and the two sides reached a cooperation to jointly build an energy storage ecological leader plan to jointly develop new energy and energy storage projects, with a cooperation target of 10 billion yuan and no less than 35gwh。
On November 6, Zhongcheng Dayou signed a strategic cooperation agreement with BYD Energy Storage; On December 27, Zhongcheng Dayou signed a contract with Sermatec Energy.
Time has entered 2024, and Zhongcheng has accelerated again. On January 7, it reached cooperation with CRRC Zhuzhou Institute; On January 9, it reached cooperation with Sungrow Optical Storage Group; On January 11, it signed a strategic cooperation agreement with China Innovation Airlines; On January 17, it reached a cooperation with Nanyue** and jointly initiated the establishment of a 10 billion yuan energy storage industry**.
After gathering the best and industry resources, Zhongcheng seems to be deliberately showing its "muscles" to the outside world. At the two groundbreaking ceremonies at the beginning of this year, Zhongcheng Dayou brought a number of its own partners, including local enterprises and new energy upstream and downstream enterprises and a large number of financial institutions.
In just half a year, Zhongcheng has relied on resource integration and has built a huge upstream and downstream cooperation network for energy storage.
For the future planning, Wu Fafu, chairman of Zhongcheng Dayou, revealed at an internal meeting that in the future, more than 30 billion yuan of assets will be formed, "to create an energy storage industry", "to cultivate a manufacturing enterprise" and "to achieve a company listing".
A parent company that is keen on "backdoor".
Not only Zhongcheng University has the idea of going public, according to public information, Dayou Digital also has a listing plan, hoping to incubate 2 to 3 listed companies in the next few years.
Huaxia Energy Network noticed that while incubating independently, Dayoudigital has tried to "backdoor" several times in recent years, but has failed repeatedly.
From 2021 to 2022, Dayou Digital hopes to land on the A** field through backdoor *ST Kaidi (SZ: 000939, delisted), and Dayou Digital intends to be the strategic investor of Kaidi Group and Kaidi Ecology "Double Integration", through the establishment of a special platform named "Dayou Kaidi", to obtain 100% equity of Kaidi Group at zero consideration.
Kaidi Ecology, which has been delisted, is a leading enterprise in the biomass power generation industry. Eventually, due to differences between the two parties on the reorganization plan, the backdoor plan was terminated.
After the failure of the backdoor, Dayou Digital began to contact *ST Yuancheng (SH: 600766), which is a coal and building materials company, and planned to acquire the shares held by the controlling shareholder of *ST Yuancheng, but in the end, due to the inability to obtain control of the company, Huawei (China), a wholly-owned subsidiary of Dayou Digital, cancelled the transaction.
Almost at the same time, there were many figures that were eyeing the AMC (asset management) and petroleum refining business*ST Jiai.
On December 18, 2022, *ST Jiai (SZ:300309, delisted) announced that the newly introduced new shareholder, Shandong High-speed Xiangyu Enterprise Management (Shanghai) Partnership (Limited Partnership) (hereinafter referred to as "Shandong High-speed Xiangyu"), intends to donate cash assets of no less than 700 million yuan to the company free of charge, and the gift is irrevocable.
However, on January 3 of the following year, *ST Jiai announced again that the 700 million yuan of "life-saving money" promised by Xiangyu of Shandong Expressway failed to perform within the agreed time limit due to its own capital scheduling problems.
This breach of performance caused an uproar in the market, and it was considered that *ST Jiai's fancy shell behavior was a complete failure, and finally *ST Jiai terminated its listing and delisted in May 2023.
Equity penetration shows that the largest shareholder behind Shanshu-Xiangyu is Dayou.
There are a lot of people who have failed three times in a row, and they still haven't given up on the listing plan. At the end of 2023, Dayou Digital will target the decoration and decoration company *ST Quanzhu (SH: 603030).
According to the relevant announcement of *ST Quanzhu, industrial investor Dayou Technology (Dayou Digital Holdings) will be introduced, with a reorganization investment of 68.25 million yuan, and the reorganization plan will be completed by the end of 2023. As of December 21 last year, Dayou Technology's shareholding in *ST Quanzhu rose to 791%, but the actual controller of the latter has not changed.
The parent company with a gorgeous background has sought to go public several times, and as a grandson company, Nakajo Dayou also has the same dream of going public.
So the question comes: in the past six months, Zhongcheng Dayou, which has held high the banner of energy storage and conquered the city, is it out of commercial rationality to bet on the high prosperity of the new energy industry? Or do you hope to rely on hot concepts and tell a new story to the capital markets?
The new energy industry represented by energy storage, the technology and investment threshold is not low, and the test is not only the gorgeous circle of friends!
*Please indicate the source, article**: Huaxia Energy Network, **hxny3060).