Taihau technology exerting "solar energy"? EMC business returns remain zero

Facing 400 billion of China's energy-saving market feast, Taihau technology (600590.　　SH) The soup seems to face a series of challenges.　　Taihau technology is China's first architectural intelligence into the main business of listed companies, now a-share market has four of similar listed companies, Taihau technology no longer "a single show." Therefore, Taihau Technology intends to find new profit growth points in new business, such as PV building integration.　　Huang Daifang, chairman of the Thai-Hao group, believes that photovoltaic construction has a bright future and will play an important role in Low-carbon energy-efficient buildings. In fact, Taihau technology has been exerting its power in the field of solar energy.　　Since 2009, the company set up solar power technology company, Taihau in the rapid growth of PV construction business, of which, Beijing Thai Hao Intelligent Engineering Co., Ltd. in solar energy and related energy-saving products revenue, has accounted for the company's business income of 10% to 20%. And according to the Taihau 2010.5 Annual report, Taihau Technology's main business has three, respectively, for Intelligent Energy-saving business, electrical power business and equipment information business.　　Perhaps, in the future Taihau technology in the financial report will be divided into two main business categories, that is, intelligent engineering and building energy-saving business and PV building integration.　　However, in the case of PV architecture, China has not yet formed an internet acquisition mechanism, which is the uncertainty of the integration of Taihau technology to develop PV architecture.　　In addition to photovoltaic construction business, Taihau technology is also actively promoting the contract energy management model, but this business is still in the investment phase, there is no output.　　New business return is still "powerless" "overweight" photovoltaic building, is Taihau technology to seek new growth point of strategic initiatives. The business model adopted by Taihau technology in the photovoltaic construction market is to sign a cooperation agreement with new Austria group, a new silicon thin film solar cell manufacturer.　　Taihau technology procurement of new Austrian group of solar panels, their own production of some inverter, distribution equipment and so on.　　Obviously, Taihau technology is trying to control the risk of rapid replacement of solar cell technology, and to play its advantage in the integration of electrical equipment and systems. That is, compared to other photovoltaic manufacturers, Tai Hao can develop the PV system with the existing BEMs Intelligent Building Management platform interface, to achieve integrated control management.　　Taihau's vision is to integrate PV systems into the Smart building holistic solution of the Thai-Hao technology to create a competitive advantage in this area. In the face of the budding Chinese PV construction market, Taihau technology is the only one in a-share building intelligent listed company.　　Taihau technology is very bullish on the solar market, and plans for solar energy and related energy-saving products will grow at an annual rate of 100%. It is the integration of photovoltaic construction market, Taihau technology in 2009 to invest in the establishment of Beijing Thai-Hao Solar Power Technology Co., Ltd. ("Tai Hao Solar"), officially entered the new Energy application market.　　Although it is a young company, but the development momentum is very rapid, solar energy and related energy-saving products have accounted for a certain percentage of the company's technology. In fact, Taihau technologyThe field of photovoltaic construction has already been reaped. If the award has won several Golden Sun demonstration projects, a deputy general manager of the Thai-hao solar Energy said, "The Golden Sun project to achieve profitability should not be a problem, but also has a clear profit model." "However, the Golden Sun Model project, after all, has financial subsidies, to be added through the application, there is a certain number of restrictions, is not a mechanism to open up."　　More importantly, it is also facing the problem of Internet electricity price. "Photovoltaic building is a distributed power supply, China has not yet formed an Internet acquisition mechanism, the grid companies do not know how to buy photovoltaic building electricity, let alone how much electricity price."　　"China Renewable Energy Society Photovoltaic Professional Committee secretary General Wu Dacheng said."　　This also means that as a system integrator, Taihau technology into the photovoltaic construction industry, although not directly bear the investment risk of photovoltaic construction, but also by the industry's overall development of the factors constraints, there is uncertainty.　　Under the favorable stimulation of many policies of the contract energy management, Taihau technology hopes that the contract energy management model can bring more profits to the company. "Since 2010, we have used contract energy management as one of the company's key projects."　　Li Chunsheng, chairman of Beijing Thai Hao, told our correspondent.　　In fact, Taihau technology is China's early intervention in the Contract Energy management project of the building energy-saving enterprises, but at present this model has no output, is still waiting for investment recovery stage. The main business is facing challenges although the building energy-saving market cake tempting, but whether it is possible to share the soup is not only a technical means can be.　　In a government-driven and government-oriented market, "local resources and relationships" has become a challenge for energy-efficient service enterprises. "I have a good relationship with the local government, can get the project, we work together." But the condition is that the contract is signed by my company, and there is no need to send anyone to Sichuan.　　"When Sichuan Province, a local energy-saving service company deputy General Manager Huang MoU, find Taihau technology Shanghai Operations Headquarters Marketing department deputy general manager Shen Hongjie, said. This kind of story in the energy-saving construction industry is not uncommon, because the current energy-saving construction projects mostly from the government's public programs, local enterprises have natural advantages. such as Shanghai's listed companies to delay China Intelligence (002178.　　SZ), the company's business in Shanghai accounted for more than 70%.　　In this respect, the strategy of Taihau technology is to set up a holding subsidiary in important cities such as Beijing, Shanghai and Shenzhen. "Low concentration of building intelligence industry is a more realistic problem." Because of the domestic building energy-saving market is very large, engaged in this industry many enterprises, Taihau's goal is to continue to do this business stronger and bigger, occupy a greater market share.　　Li Chunsheng, chairman of Beijing Thai Hao, told our correspondent. In fact, the construction intelligence industry has been fiercely competitive, the top ten Chinese enterprises market share is only 15%. Taihau-tech competitors include the Dashi intelligent, intelligent (002421).　　SZ) and Race for Intelligence (300044.SZ). According to the 2010.5 Annual report, Taihau Science and Technology Intelligence SectionAble to business income of 570 million yuan, far higher than its three competitors-China intelligent 150 million yuan, Dashi intelligent 128 million yuan, race for intelligent 34 million yuan. However, it can be seen from the financial results that China's intelligent and tatsu-real intelligence in their respective local market occupies an absolute advantage, that is, respectively, in Shanghai and South China's business accounted for more than 70%. Although the scale is small, but the gross profit margin in the construction intelligence industry is extremely high, achieves 35.19%.　　The operating profit rate of Taihau technology is only 20.14%. In addition, Taihau technology shareholders, Big Brother shares of the same party (600100). SH), the first half of 2010 building intelligent income reached 1.084 billion yuan, almost Taihau technology twice times.