The hottest overseas investment of State Grid Corp

2022-10-03
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State Grid Corporation of China: zero loss of overseas investment in U.S. dollars

State Grid Corporation of China: zero loss of overseas investment in U.S. dollars

China Construction machinery information

after twice encountering difficulties in acquiring electrical assets in Australia, what are the functional characteristics of aluminum rope tension machine of due Jinan new era Gold Testing Instrument Co., Ltd., an Australian pipeline operator and power distributor? T group shows interest. According to a recent report in the Australian newspaper, China National Power Corporation and Singapore electric power are starting to issue competitive offers for duet group. Previously, the acquisition proposal for duet group also includes Changjiang Infrastructure Group Co., Ltd. controlled by Li Ka Shing

for the national power company, which has always been keen to expand its overseas territory, Australia's political environment and power operation revenue are stable, and the risks are controllable, which can be described as an ideal choice for overseas investment. China's company is the world's largest public utility enterprise, ranking among the world's top 500 enterprises. What are the reasons for the error of the pressure testing machine? Come and have a look. It ranks second in the list. The business area of state-owned companies covers more than 88% of China's land area, and the power supply population exceeds 1.1 billion

under the mode of large-scale overseas expansion, Chinese companies have made great achievements in many countries and regions around the world. Official data show that Chinese companies have successfully invested in and operated backbone energy companies in six countries and regions, including the Philippines, Brazil, Portugal, Australia, Hong Kong, China and Italy. At present, the total amount of overseas investment has exceeded US $10billion, and the total amount of overseas assets has reached US $40billion. There is no loss in overseas investment projects, and all of them have achieved profits

as for why we are actively looking for overseas assets, Liu Zhenya, the former chairman of China National Corporation, once explained that since overseas assets are mainly regulatory assets, the return on net assets is more than double digits due to good earnings and benefits. Chinese companies plan to invest $30billion to $50billion abroad by 2020. He also said that capital will not become an obstacle for Chinese companies to make international acquisitions, and the company has the ability to buy assets that meet its own portfolio

compared with the double-digit yield of overseas projects, the profit margin of domestic companies is only a few percent. According to public data, as of the end of 2015, the total assets of Chinese companies were 3114.9 billion yuan, and the total profit of the company in that year was 86.5 billion yuan, with a profit margin of 2.77%

in December 2007, the bidding consortium formed by Chinese companies and local partners in the Philippines won the 25 year franchise of Philippine National transmission, thus becoming the largest shareholder holding 40% of the shares. The project was officially put into operation in January 2009. It is the profitability of the Philippine project that allows Chinese companies to taste the benefits of "going global"

Cheng Mengrong, head of the International Department of the state-owned company, said in an interview with the media in 2014 that the return rate of overseas projects invested by the state-owned company is usually that the electro-hydraulic servo valve has the advantages of fast dynamic response, high control accuracy, long service life and so on, which is close to 10% to more than 10%, far higher than the domestic level. "In terms of the countries we invest in, the return on investment is in the double digits, but it will not be as high as more than 20 or 30. Among them, developing countries, such as the Philippines and Brazil, are slightly higher, while Europe is relatively low, but the European investment environment is stable. In any case, it is higher than the domestic rate of return, which is 3 to 5 times that of China." Cheng Mengrong said frankly

up to now, in the Brazilian market alone, the national company has completed a total investment of $3billion, and the total investment will reach $12billion after the completion of all signed projects. The national company has invested about 10000 kilometers of transmission lines and 6000 kilometers of transmission lines under construction, making it the third largest transmission company in Brazil

Chinese companies are no strangers to the Australian market. From 2012 to 2013, the Chinese company obtained 46.56% equity of Australasian transmission company through acquisition and shareholding increase, and successfully invested in Australia for the first time; In January 2014, it also acquired the 60% equity of Singapore Energy International Australian assets company and the 19.9% equity of singapore energy Australia company owned by Singapore Singapore energy Singapore, a subsidiary of Temasek group, which accounted for 12% of the global market share in 2013. However, earlier this year, in the 99 year lease bidding for the 50.4% interest of the country's New South Wales power company (ausgrid), when the project has entered the final stage of public bidding, Australia refused Chinese enterprises to invest in the project on the grounds of national security

as for how to control overseas risks, Zhu Guangchao, general manager of China International Development Co., Ltd., once mentioned in an interview with national electric magazine, "For example, in the Philippine national power transmission project, the joint venture led by us successfully won the bid, which was only 1.1% higher than the second bidder's quotation; in the South Australia power transmission project, we won the bid at a price only 1.8% higher than the second bidder; while in the merger and acquisition of Finnish distribution assets project, some financial investors used high leverage to raise the bidding, and the company believed that high leverage would lead to high risks, so it resolutely gave up. Finally, all the overseas investments of the company were realized The project is profitable without any loss. "

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