New entrants to the silicon wafer industry Shuangliang Eco-Energy Systems Co.Ltd(600481) once again increase the scale of silicon wafer production and plan to invest 6.2 billion yuan to start Baotou phase II project.
According to the latest announcement of Shuangliang Eco-Energy Systems Co.Ltd(600481) (600481. SH), the company plans to sign the cooperation agreement on Shuangliang Eco-Energy Systems Co.Ltd(600481) Baotou 40gw monocrystalline silicon phase II project (20GW) with Baotou rare earth high tech Zone to start the investment and construction planning of phase II project (20GW), with a total investment of 6.2 billion yuan and a construction period of two years, The investment and operation entity is still the local project company Shuangliang silicon materials (Baotou) Co., Ltd. (“Shuangliang Baotou company”).
Shuangliang Eco-Energy Systems Co.Ltd(600481) on the proposed launch of Baotou phase II project, it is said that the construction of 20GW monocrystalline silicon project in phase I of Baotou project is nearing completion. This investment aims to further expand and improve the scale of silicon wafer production of the company on the basis of the original phase I project by virtue of industry experience and technology accumulation.
However, Shuangliang Eco-Energy Systems Co.Ltd(600481) also suggested that the construction investment of the project is large. Under the background that the company’s non-public offering of shares in 2021 has not been launched and has not been invested in phase I project, the launch of phase II project will put further pressure on the company’s cash flow and solvency, “The company needs to make overall fund arrangement, take into account the production and sales progress of phase I project, and carefully control the investment rhythm of phase II project”.
In 2021, Shuangliang Eco-Energy Systems Co.Ltd(600481) entered the silicon wafer industry. Shuangliang Baotou company was established in February of that year as an investment by Shuangliang Eco-Energy Systems Co.Ltd(600481) to improve the layout of integrated photovoltaic industrial chain. The core capacity is the first phase of 20GW large-size photovoltaic monocrystalline silicon wafer project invested and constructed in Baotou. The total investment in the first phase is 7 billion yuan. It is planned to build an annual output of 20GW crystal drawing and 20GW chip production project, After completion, the annual output value is expected to be 10.8 billion yuan.
While speeding up the construction of silicon wafer production capacity, Shuangliang Eco-Energy Systems Co.Ltd(600481) signed a long list of silicon materials with GCL and Tbea Co.Ltd(600089) in 2021 to lock the supply of silicon materials. In addition, it also successively obtained multiple long list contracts for silicon wafer sales from Shanghai Aiko Solar Energy Co.Ltd(600732) , Tongwei and other enterprises.
Benefiting from the opportunities brought by the “double carbon” policy, Shuangliang Eco-Energy Systems Co.Ltd(600481) orders for energy-saving and water-saving products and new energy equipment have increased significantly. Shuangliang Eco-Energy Systems Co.Ltd(600481) according to the previously released performance forecast, the listed company is expected to realize the net profit attributable to the parent company in 2021, ranging from 285 million yuan to 325 million yuan, with a year-on-year increase of 107.40% to 136.50%.
