Moving Forward with Dreams, Supported by Risk Control – Qingtian Technology's 100th Investment Decision Meeting
At 10:30 a.m. on May 13, 2020, the 100th Investment Decision Meeting of Zhejiang Qingtian Solar Energy Technology Co., Ltd. was held on time at Qingtian Garden. Attendees included leaders from the President's Office of Zhejiang Qingtian, managers from the Business Department, Engineering Department, Operation and Maintenance Department, Investment and Financing Department, and employee representatives.
Qingtian Technology's investment decision-making meeting began in January 2018 and is held regularly. In the past 100 meetings:
The exploration projects have a capacity of over 1.3GW, with 308 projects approved, totaling over 230MW. Among the approved projects, 57% are corrugated steel roofs and 35% are cement roofs. Projects from Zhejiang account for 60%, while those from Guangdong, Jiangsu, and Shanghai account for 40%. Among the approved projects, the average grid connection rate is 78%, 50% of the companies have been established for over 15 years, and 42% of the companies have registered capital of over 30 million yuan. The main problems with projects that did not pass the review were concentrated on the company's qualifications, property rights, pollution, and upfront costs.
Mr. Ding Yibo, President of Zhejiang Qingtian, reviewed and summarized the risk control decision-making work of the past 100 sessions: The investment decision meeting is a testament to the company's development over the past two years and an important tool for the company to review projects. The investment decision meeting helps all departments to formally and comprehensively understand and evaluate projects, and the risk control process promotes the improvement of the capabilities of each department.
The Business Development Department has conducted numerous risk control training sessions, ensuring that key risk control points and concepts are deeply ingrained in everyone's minds, and continuously enriching the content of business reports. These reports provide the decision-making committee with more detailed information about the owner, facilitating accurate assessments of the project's situation. Currently, the reports provided by the business manager cover various aspects of the rooftop owner, including their history, production status, social reputation, and credit history.
The engineering reports have also been continuously optimized in practice. From the initial drone aerial photographs, component layout diagrams, power distribution room photos, and some textual descriptions, they now cover roof conditions, pollution levels, power distribution room space, cable routing, and equipment installation locations. While the content is constantly being improved, the report format is also becoming more practical and aesthetically pleasing, highlighting key points. Furthermore, separate pollution and load reporting systems have been established for key projects.
Following the basic information from the business and engineering reports, the investment review report, in addition to company introduction and project details, also includes wastewater treatment calculations, document review conclusions, contract clause review opinions, and project revenue projections. The content of the investment review report has been continuously improved through successive meetings. For example, last year we added sensitivity analysis of national subsidies, and this year we added dimensions such as the owner's industry and the difficulty of project operation and maintenance, providing a comprehensive basis for decision-making.
Each investment decision meeting has witnessed Sunny's progress and contributed to the company's development. The 100th investment decision meeting is a new beginning. Let's work together and move towards our common goal. A new journey begins!
