重点项目情况 （中英文）

1. 项目名称：新泰中日韩智慧能源产业基地一期项目

2. 产业类别：战略新兴产业，新能源，氢能中日韩装备中国制造

3. 合作方式：股权/债权

4. 拟融资规模：融资3.82亿，银行贷款15.28亿

5. 项目发起单位及简介：

项目发起单位中科润谷智慧能源科技（佛山）有限公司是在佛山市南海区人民政府合作协议框架下在“佛山南海中日韩智慧能源产业基地项目”背景下，由国家发改委中国产业发展促进会推荐常务理事单位成立的专注于国际合作燃料电池分布式能源工程技术推广应用的科技型公司，同时也是“佛山南海全国首座氢能进万家智慧能源示范项目”的主导建设单位和中日韩智慧能源产业集群的领导牵头单位。公司实现了从燃料电池分布式能源系统-关键核心零部件-绿氢供应-终端应用-标准与检测-智慧能源管理与服务的全链条产业生态。

6. 项目内容简介：

新泰中日韩智慧能源产业基地一期项目拟建设中日韩智慧能源国际合作中心（总部办公、研发中心、国际交流等）约1.6万㎡，厂房约4万㎡，一次性买断韩国斗山燃料电池有限公司105兆瓦原装进口斗山Purecell M400燃料电池设备114台及购买燃料电池原材料、关键零部件等，建设M400 440kW 燃料电池热电联产系统组装线、大功率燃料电池热电联产系统检测中心等，实现年产105兆瓦Purecell M400燃料电池设备生产线。

项目总投资19.1亿元，其中资本金3.82亿元，银行贷款15.28亿元。总投资19.1亿元中，生产线、设备固定资产投资3.4亿元，中日韩智慧能源国际合作中心（总部办公、研发中心、国际交流等）约1.6万㎡投资1亿元，厂房约4万㎡投资1.2亿元，管网电网等设施投资0.3亿元，其它投资0.1亿元，105兆瓦设备零部件配套引进13.1亿元。

7. 项目建设条件及进展情况：

项目已立项，目前在做包括但不限于“环境影响评价（简称环评）”和“节能评估（简称能评）”等前期工作。

8. 项目优势及经济效益分析预测 (包括预计盈利或投资回报率等财务指标 ) :

（1）项目优势

项目主要产品斗山Purecell M400 型燃料电池热电联产系统，性能指标国际领先、国内尚无竞品。斗山Purecell M400是目前全球单机装机规模最大（超过700MW）、系统自动化集成度最高、性能与稳定性最可靠、安全性耐久性等级水平最高的燃料电池分布式能源装备，综合指标领先全球同类产品，系统总效率92%以上、20年使用寿命，年度维护成本仅占设备采购金额3-5%，且国内尚无与之竞争的同类型产品，领先国内同类产品10年以上。

项目通过一次性买断韩国斗山燃料电池有限公司105兆瓦原装进口斗山Purecell M400燃料电池设备114台及购买燃料电池原材料、关键零部件等，建设M400 440kW 燃料电池热电联产系统组装线、大功率燃料电池热电联产系统检测中心等，实现年产105兆瓦Purecell M400燃料电池设备生产线。建设方案技术上可行。

项目通过进口韩国原装M400 440kW 燃料电池、组装及国产化燃料电池，从而向目标市场提供燃料电池设备，通过设备销售获得投资回报。项目运作模式可行。

（2）经济效益分析预测 (包括预计盈利或投资回报率等财务指标 )

项目评价期为2024-2028共四年。评价期内分6批次出售燃料电池，其中第1批次拟销售建设期原装进口燃料电池整机50台，销售新建厂房及其生产线组装燃料电池74台，第2-6批次拟分别销售新建厂房及其生产线组装燃料电池156、201、268、371、539台，第1-6批次合计销售1659台。自2批次起，供应链国产替代每批次增加15个百分点。

评价期内燃料电池销售收入为143.6700亿元，不含税营业收入（指不含销项税收入）为127.1416亿元；燃料电池经营成本为118.7850亿元，不含税营业成本（指不含进项税成本）为105.6420亿元。

本项目毛利润为21.4996亿元。

应纳税所得额（利税）为16.8544亿元，所得税税率25%，应缴纳所得税税额为4.2136亿元，净利润总额为12.6407亿元。

本项目毛利润率为16.91%，净利润率为9.94%，资产收益率16.55%，资本金收益率82.73%。

财务分析表

9. 前期招商推荐洽谈情况:

本项目系新泰市政府重点招商引资项目，在经过大量的前期工作后，2023年3月1日中科润谷与新泰经济开发区管理委员会签订了《中科润谷智慧能源产业基地项目合作协议》。目前根据协议安排，有序推进各项工作。

10.联系人：（1）徐瑞  （2）崔立东

11.联系方式：18562376861 18611291588

附：《新泰中日韩智慧能源产业基地一期项目可行性研究报告》

Recommend  Key projects

1. Project name: Xintai Sino-Japan-Korea Smart Energy Industry Base Phase I Project.

2. Industry category: Strategic emerging industries, new energy, hydrogen energy, China, Japan and South Korea equipment made in China.

3. Mode of cooperation: equity/creditor's rights

4. Proposed financing scale: 382 million yuan in financing and 1.528 billion yuan in bank loans.

5. Project sponsor and introduction:

The sponsor of the project, ZhongkeRungu Smart Energy Technology (Foshan) Co., Ltd., is a technology-based company established by the National Development and Reform Commission's China Industry Development Promotion Association under the framework of Foshan Nanhai District People's Government Cooperation Agreement and under the background of "Foshan Nanhai Sino-Japan-Korea Smart Energy Industry Base Project", focusing on the promotion and application of international cooperative fuel cell distributed energy engineering technology. At the same time, it is also the leading construction unit of "Foshan Nanhai National First Smart Energy Demonstration Project with Hydrogen Energy Entering Thousands of Homes" and the leading unit of Sino-Japan-Korea Smart Energy Industry Cluster. The company has realized the whole chain industrial ecology from fuel cell distributed energy system-key core components-green hydrogen supply-terminal application-standards and testing-smart energy management and service.

6. Brief introduction of project content:

The first phase project of Sino-Japan-Korea Smart Energy Industry Base plans to build the Sino-Japan-Korea Smart Energy International Cooperation Center (headquarters office, R&D center, international exchange, etc.) with a workshop area of about 16,000 ㎡, buy out 114 Doosan Purecell M400 fuel cell equipment imported from Korea Doosan Fuel Cell Co., Ltd. at one time and purchase fuel cell raw materials, key components, etc. Construction of M400 440kW fuel cell cogeneration system assembly line, high-power fuel cell cogeneration system testing center, etc., to achieve an annual output of 105 MW Purecell M400 fuel cell equipment production line. The total investment of the project is 1.91 billion yuan, including 382 million yuan of capital and 1.528 billion yuan of bank loans. Of the total investment of 1.91 billion yuan, 340 million yuan was invested in fixed assets of production lines and equipment, 100 million yuan was invested in Sino-Japan-Korea Smart Energy International Cooperation Center (headquarters office, R&D center, international exchange, etc.), 120 million yuan was invested in workshop, 300 million yuan was invested in facilities such as pipe network and power grid, 100 million yuan was invested in others, and 1.31 billion yuan was imported from 105 MW of equipment parts.

7. Project construction conditions and progress:

The project has been approved, and the preliminary work including but not limited to "environmental impact assessment (EIA)" and "energy saving assessment (EIA)" is currently being done.

8. Analysis and forecast of project advantages and economic benefits (including financial indicators such as estimated profit or return on investment):

(1) Project advantages

The main product of the project, Doosan Purecell M400 fuel cell cogeneration system, is internationally leading in performance indicators, and there are no competing products in China. Doosan Purecell M400 is a fuel cell distributed energy equipment with the largest installed capacity (over 700MW), the highest system automation integration, the most reliable performance and stability, and the highest level of safety and durability in the world. Its comprehensive indicators are ahead of similar products in the world, the total system efficiency is over 92%, the service life is 20 years, and the annual maintenance cost only accounts for 3-5% of the equipment purchase amount. There is no similar product competing with it in China, which is ahead of similar products in China for more than 10 years. In this project, 114 sets of Doosan Purecell M400 fuel cell equipment imported from Doosan Fuel Cell Co., Ltd. of Korea with a capacity of 105 MW were bought out at one time, and raw materials and key components of fuel cells were purchased, and an assembly line of M400 440kW fuel cell cogeneration system and a testing center of high-power fuel cell cogeneration system were built, so as to realize an annual production line of 105 MW Purecell M400 fuel cell equipment. The construction scheme is technically feasible. The project provides fuel cell equipment to the target market by importing the original M400 440kW fuel cell from South Korea, assembling and localizing the fuel cell, and obtains the return on investment through equipment sales. The project operation mode is feasible.

(2) economic benefit analysis and forecast (including financial indicators such as estimated profit or return on investment)

The project evaluation period is four years from 2024 to 2028. During the evaluation period, fuel cells will be sold in six batches, of which the first batch plans to sell 50 complete fuel cells imported during the construction period, 74 fuel cells assembled in new factories and their production lines, and the second to sixth batches plan to sell 156, 201, 268, 371 and 539 fuel cells assembled in new factories and their production lines respectively, with a total of 1,659 units sold in the first to sixth batches. Since the second batch, the domestic substitution of supply chain has increased by 15 percentage points per batch. During the evaluation period, the fuel cell sales revenue was 14.3670 billion yuan, and the operating income excluding tax (excluding output tax revenue) was 12.71416 billion yuan; The operating cost of fuel cell is 11.87850 billion yuan, and the operating cost excluding tax (referring to the cost excluding input tax) is 10.56420 billion yuan. The gross profit of this project is 2,149.96 million yuan. The taxable income (profit and tax) is 1,685.44 million yuan, the income tax rate is 25%, the payable income tax is 421.36 million yuan, and the total net profit is 1,264.07 million yuan. The gross profit rate of this project is 16.91%, the net profit rate is 9.94%, the return on assets is 16.55%, and the return on capital is 82.73%.

Financial analysis tabl

9. Pre-investment recommendation negotiation:

This project is a key investment attraction project of xintai city Municipal Government. After a lot of preliminary work, on March 1, 2023, ZhongkeRungu and Xintai Economic Development Zone Management Committee signed the Project Cooperation Agreement of ZhongkeRungu Smart Energy Industry Base. At present, according to the agreement, all the work is promoted in an orderly manner.

10. Contacts: (1) Xu Rui (2) Cui Lidong

11. Contact number : 18562376861 18611291588

Attachment: Feasibility Study Report of Xintai Sino-Japan-Korea Smart Energy Industry Base Phase I Project