Cultivating profit growth points: Jiangsu Yueda Investment (600805.SH)'s holding subsidiary plans to invest approximately 260 million yuan to build a shared energy storage power station.

Jiangsu Yueda Investment (600805.SH) announcement, the company's controlling subsidiary Dongtai Dongyue New Energy Technology Co., Ltd. (referred to as "Dongyue New Energy Company"), plans to invest in the construction of a shared energy storage power station project in Dongtai City, Yancheng. The total installed capacity is approximately 100MW/200MWh, with a total investment amount of approximately 260 million yuan. The project will be funded with a self-raised capital ratio of 30% and a bank financing ratio of 70%. The project plans to construct a 100MW/200MWh shared energy storage power station, using lithium iron phosphate batteries, including 46 battery cabins, 23 PCS boosters, one 110kV booster station, and one residential building. The energy storage unit will be collected through the 110kV booster station, and connected to the 220kV substation and grid through a single 110kV line. The construction period of the project is 0.5 years, and the operation period is 25 years. It is reported that this project is beneficial for the company to cultivate new profit growth points, improve profitability, and at the same time, it can form a good industrial synergy effect with the company's investment in new energy generation projects.