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Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82
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2025年4月15日,“沪市能源环保REITs2024年度集体业绩说明会”在上海证券交易所成功举办。中信建投国家电投新能源REIT、嘉实中国电建清洁能源REIT、华夏特变电工新能源REIT、中信建投明阳智能新能源REIT、富国首创水务REIT5单产品集体亮相。

会上,各产品代表就2024年年度业绩表现、基础设施资产运营情况等方面向投资者进行了全面介绍,并就投资者普遍关心的问题进行了交流。在国家“双碳”战略深化推进及绿色金融政策持续发力背景下,能源环保REITs作为基础设施公募REITs的重要组成部分,已成为资本市场服务实体经济绿色转型的关键力量。

核心运营指标平稳可持续发展根基稳固

根据各能源环保REITs产品代表的介绍,从基础资产运营指标来看,2024年各项目核心运营指标平稳,部分项目表现出较强的增长潜力和盈利能力。

具体而言,中信建投国家电投新能源REIT基金管理人与运营管理机构通过“科技赋能+精益管理”双轮驱动,助力基础设施项目提质增效。2024年基础设施项目运营稳定,经营状况良好,未发生安全生产事故。全场风电机组可利用率为99.47%,设备处于良好运行状态。全年实现发电量128,164.35万千瓦时,同比增加1.60%。含税结算电价保持0.85元/千瓦时不变。所有发电量均实现全额上网,未发生限电情况。

嘉实中国电建清洁能源REIT成立以来,基金管理人、原始权益人、运营管理机构积极制定并推进一系列运营管理方案,在预算划付、资金投放、合同审批、经营讨论、安全生产和信息披露等方面建立了高效顺畅的工作机制,促进五一桥水电站平稳安全运营。2024年,五一桥水电站发电量50,312.1216万千瓦时(对应有效发电小时数3,672小时),较去年同期增长14.92%,平均上网电价0.2115元/千瓦时(含税),较去年同期上涨0.46%。

华夏特变电工新能源REIT基金管理人与运营管理机构紧密配合、高效协作,确保基础设施项目运营平稳。通过专项激励机制有效促进了项目零安全/环境事故事件目标的实现。底层资产哈密光伏项目2024年全年实现结算电量25,155.71万千瓦时,平均电价0.8693元/千瓦时(含税,含国补),均优于初始发行评估预测水平。

中信建投明阳智能新能源REIT基金管理人与运营管理机构密切关注底层资产风电场的运营情况,建立了严格的运营监督机制,并成功推行了创新的“1+2”运营管理模式(一个统筹机构,两个实施机构),同时配套严格的激励约束机制,确保风电设施能够在复杂多变的自然环境中高效、安全运行,保障稳定发电能力。2024年,基础设施项目实现发电量38,788.13万千瓦时,整体设备可利用率达99.61%,较全国风机平均可利用率高出1.16%,全年未发生任何安全生产事故,充分体现了资产的卓越运维能力和稳定性。

富国首创水务REIT基金管理人与原始权益人始终秉承“工匠”精神稳妥开展运营,助力绿色发展。2024年,富国首创水务REIT下辖资产累计处理污水22,695.28万吨,同比增长5.74%;产能利用率由2023年的87.11%提升至91.87%,同比增长4.75%。为进一步夯实基础设施资产的盈利能力,基金管理人与原始权益人结合资产特点分别为合肥首创以及深圳首创定制了有效的运营策略,助力基础设施资产可持续发展。2025年,合肥首创将紧密围绕“开源节流、降本增效”核心方针推进生产,例如通过调整生产工艺、错时调整大型设备的开启台数及频率等措施优化能耗。深圳首创则将围绕“稳健经营、优化提升”为核心开展生产运营,例如通过完善运营管理体系提高运营效率和服务水平;探索利用物联网、大数据、人工智能等技术,实现污水处理过程的自动化监控和管理等。

回馈机制践行有效持续吸引投资者参与

从收益分配情况来看,各产品均按照相关法规要求结合自身基础设施资产运作属性进行了收益分配,部分产品更是实现了多次分配。

中信建投国家电投新能源REIT于报告期内实现可供分配金额77,917.43万元,较招募说明书披露的同期目标值70,131.19万元超额完成7,786.24万元,目标完成率达111.10%。中信建投国家电投新能源REIT分别于2024年4月、9月和12月实施了三次收益分配,分配金额合计67,656.00万元。同时,本基金于2025年3月发布分红公告,以2024年12月31日为收益分配基准日,分配金额41,608.00万元。

嘉实中国电建清洁能源REIT于报告期内实现可供分配收益7,621.42万元,截至2024年底年化现金流分派率为5.99%。同时,嘉实中国电建清洁能源REIT于2025年3月发布分红公告,以2024年9月30日为收益分配基准日分配现金3,788.00万元。未来基金管理人将以基金可供分配金额为依据,并在此基础上综合考虑项目公司持续发展、项目公司偿债能力、经营现金流等因素后确定可供分配金额计算调整项,在符合有关基金分红条件的前提下,基金管理人将研究合理设定分红频率,充分保障投资人的分红收益。

华夏特变电工新能源REIT于报告期内实现可供分配金额9,391万元,超出招募说明书披露的同期预测值8,975万元约4.64%。该基金自2024年6月19日成立以来,仅半年时间即完成首次现金分派,以2024年9月30日为基准日,实际分派金额为6,982万元(约合每10份份额派发2.3273元),体现了稳定高效的现金回报能力。

中信建投明阳智能新能源REIT于报告期内实现可供分配金额19,891.43万元,超出招募说明书披露的同期预测值19,255.84万元的3.30%,年化现金流分配率达12.69%,展现资产强劲的现金流创造能力。在收益分配方面,该REIT于2024年12月完成首次分红,金额为7,500.00万元,自2024年7月5日基金合同生效以来,仅用半年时间即实现高比例分红,体现资产盈利能力。2025年3月发布第二次分红公告,以2024年12月31日为基准日,分配金额达12,276.00万元,两期累计分配金额达19,776.00万元,分配率高达99.42%。

富国首创水务REIT2024年实现可供分配金额12,910.85万元,全年共向投资人分配14,555.01万元(其中含2023年可供分配金额7,570.00万元)。自产品上市以来已累计向投资人分配约5.12亿元。此外,富国基金已于2025年4月7日发布公告,拟向投资人分配2024年的第二次红利,金额为5,880.00万元,分配比例超99%。

从二级市场表现来看,能源环保REITs表现可圈可点,截至2024年末,各产品收盘价较年初价格或发行价格均实现了较大涨幅,流动性指标持续改善,在整个REITs市场排名前列,展现了投资者对能源环保REITs的独特青睐。

做好绿色金融大文章铺就行业高成长赛道

党的二十届三中全会通过的《中共中央关于进一步全面深化改革、推进中国式现代化的决定》对进一步深化金融体制改革作出重大部署,强调积极发展绿色金融,擦亮高质量发展鲜明底色。

与此同时,上交所创新提出的公募REITs六大核心机制,通过信息披露、基金治理、激励约束、二级市场建设、投资者关系管理及持续扩募等市场化机制设计,强化基础设施资产运营效能,为绿色低碳项目提供长效资金支持机制,推动了金融工具与实体经济的深度融合。

展望2025年,能源环保REITs将持续聚焦在资产提质扩容、运营模式升级、投资者生态优化等方面。通过挖掘不同类型资产,推动跨组合资产联动;通过技术升级,探索智慧运维;通过完善常态化收益分配机制,吸引长期资金对接。

沪市能源环保REITs凭借清晰的战略定位、扎实的资产质量与透明的回报机制,已成为资本市场服务绿色发展的“示范样本”。随着我国绿色转型步伐加速,能源环保REITs将持续发挥“产融结合”纽带作用,为投资者创造长期价值,以绿色金融推动清洁能源项目的建设与运营,打造“金融+产业+生态”的新型业态模式,为美丽中国建设注入金融活水。

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