Observations on IPO | "Zhèng Tài" Series Strikes Again: Zhèng Tài Ān Néng Aims to Seize "First Stock in Household Solar Power"
Recently, Zhèng Tài Ān Néng Digital Energy (Zhejiang) Co., Ltd. (“Zhèng Tài Ān Néng”) published its prospectus, aiming to seize “first stock in household solar power”. According to the report, Zhèng Tài Ān Néng plans to issue approximately 2.71 billion shares and raise RMB 60 billion for investment in household solar power stations, etc.
Zhèng Tài Ān Néng was established in 2015 as a digitalized, service-oriented comprehensive energy services company. The main business focuses on household solar power fields, forming four major business categories: system equipment sales, cooperation development, sales, and after-sales maintenance for household solar power stations.
High Asset Liability Ratio
Household solar power is a type of distributed solar power that places solar panels on residential rooftops or courtyards. With small-scale or micro-inverters, the system converts DC power into AC power and feeds it directly to households. The excess energy can also be fed back into the grid.
Zhèng Tài Ān Néng mainly provides rural users with rooftop solar power systems' development, sales, measurement, design, installation, and after-sales maintenance services.
...