The company is transforming from a pure solar power plants investor and operator to a multi-new-energy eco-solution provider integrated with hydro, solar and wind power. Given the Group’s initiatives to achieve and promote technology innovation and provision of clean energy, promoting the goal of sustainable development across nations through the construction of panda-shaped solar power plants, the Company changes to “Panda Green Energy Group Limited”.
China Merchants New Energy Group Limited and parties acting in concert with it
ACP Under Asia Development Bank
（As of date of May 2017）
The annual results of 2016?
In 2016, the Group achieved revenue of RMB988 million, recorded EBITDA of RMB841 million, net profit increased to RMB382 million.
The use of the proceeds of US bond of USD350 million.
The proceeds are used mainly to repay certain outstanding amounts under our convertible bonds, so as to improve the Group’s debt structure.
The distribution of projects under the Group.
As of date of May 2017, the Company's new energy projects are located throughout the country and some overseas regions, including Inner Mongolia, Qinghai, Ningxia, Shanxi, Hubei, Xinjiang, Gansu, Yunnan, Shandong, Jiangsu, Hebei, Guangdong and other six regions in the UK.
How can I know the Company’s power generation data?
We announce the power generation data on quarterly bases; please refer to “Investor Relations-Announcements and Circulars” for further information.