2018年第二季度中国清洁能源与技术领域的投融资活动持续活跃
Driven by China's national policy, China's investment activities in the field of energy conservation and environmental protection continue to be active, in stark contrast to the overall economic activity of the society. On October 11, 2018, PricewaterhouseCoopers issued the "MoneyTreeTM China Clean Energy and Technology Industry Second Quarter Investment Research Report for 2018".
According to the report, in the second quarter of 2018, in the field of clean energy and technology, China completed a total of 49 investments. From the perspective of the amount of investment, the total amount of transactions disclosed was $642 million. In the 40 transactions disclosed, the average investment amount per transaction was $16 million. Among all the investments, the New Third Board has the largest proportion of fixed growth, accounting for 36.73% of all projects; the second is A round of financing, accounting for 18.37%; the second is round B financing, accounting for 16.33%; angel investments account for 10.2%. The start-up company Xiaohuanggou Environmental Protection Technology Co., Ltd. received 1.05 billion yuan from Zhongzhi Group. After the completion of the A round of financing, Xiaohuanggou's valuation reached 6 billion yuan, becoming a new unicorn. From the perspective of investment volume, in the second quarter of 2018, in the investment in clean energy and clean technology, the target companies for investment are mainly within the categories of maturity and growth stages, accounting for more than 75% of all projects. The number of projects in the early stage accounted for 22.45% of the total investment cases, and the projects in the seed stage only accounted for more than 2%. According to the industry classification, environmental protection projects account for more than 45% of total investment cases, new materials account for 18%, clean energy technologies account for 14%, and energy-saving projects account for 10%.
According to PwC's report, in the second quarter of 2018, there were 38 M&A projects in China's clean energy and clean technology sectors, up more than 45% from the first quarter. The total amount of 29 projects disclosed was $1,373 million, an increase of 13% from the first quarter, and the average amount of each M&A project was $47.34 million. Similar to investment projects, according to the number of M&A cases, environmental companies accounted for the largest proportion of M&A, accounting for more than 47% of all M&A projects, followed by clean energy technologies, accounting for nearly 37%, and proportion of new energy vehicles is slightly above 10%.
EcoCities.ca understand that in the second quarter of this year, there were two energy-saving and environmental protection companies completed IPO on the Chinese stock market, Dynagreen Environmental Protection Group Co., Ltd. a waste incineration company based in Beijing and Contemporary Amperex Technology Co., Ltd., a manufacturer of lithiumion batteries for electric vehicles and energy storage systems based in Ningde, Fujian Province. Especially worth mentioning is that the power battery "Unicorn" company Contemporary Amperex Technology Co., Ltd. has already had a valuation of more than 50 billion yuan prior to the IPO. The market value soon after the listing exceeded 100 billion yuan.
These active market financings indicate that the environmental protection and clean technology markets in China has great potential.
在中国国家政策的驱动下，中国节能环保领域的投资活动持续活跃，与社会整体经济活跃情况形成鲜明对比。普华永道会计师事务所于2018年10月11日发布《MoneyTree™中国清洁能源及技术行业2018年第二季度投资研究报告》。
根据该报告，2018年第二季度在清洁能源及技术领域，中国共完成49项投资。从投资金额的角度分析，披露的交易总金额为6.42亿美元。在披露金额的40起交易里，平均每个交易的投资金额为1600万美元。在全部投资中，新三板的定增所占比例最大，占所有项目的36.73%；其次是A轮融资，占18.37%；再次是B轮融资，占16.33%；天使轮占10.2%。初创企业小黄狗环保科技有限公司获中植集团10.5亿元人民币，此次A轮融资完成后，小黄狗的估值达到60亿元人民币，成为一家新的独角兽。从投资数量角度看，2018年第二季度在清洁能源及技术领域的投资中，投资标的公司主要出于成熟期和扩张期，占所有项目的75%以上。初创期的项目个数占总投资案例个数的22.45%，种子期的项目仅占2%多一点。按照细分行业分类，环保类项目占总投资案例的45%以上，新材料占18%，清洁能源技术占14%，节能类项目占10%。
根据普华的报告，在2018年第二季度，中国清洁能源及技术领域发生的并购项目共计38起，比第一季度环比上升45%以上。其中披露金额的29起项目的总金额为13.73亿美元，比第一季度环比上升13%，平均每个并购项目金额为4734万美元。与投资类项目相似，按并购案例个数计算，环保类公司的并购占比最大，在所有并购项目中占比超过47%，其次是清洁能源技术，占比接近37%，新能源汽车占比超过10%。
据我们（EcoCities.ca）了解，第二季度包括绿色动力环保集团股份有限公司（一家总部位于北京以生活垃圾焚烧发电为主营业务的企业）和宁德时代（一家位于福建省宁德市专业生产电动汽车和储能系统用锂离子电池的生产企业）有两家节能环保领域的企业在A股上市。尤其值得一提的是动力电池“独角兽”公司宁德时代新能源科技股份有限公司在创业板上市前估值已超过500亿元人民币，上市后不久市值即超过千亿元人民币。
这些融资和投资活动预示着中国节能环保与清洁技术市场的未来发展有着巨大的潜力。
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