Shanghai Aiko Solar Energy Co.Ltd(600732) fixed increase and termination of ABC battery mass production process goal remains unchanged

On March 4, Shanghai Aiko Solar Energy Co.Ltd(600732) issued an announcement to terminate the non-public offering of A-Shares in 2021, and applied to the CSRC to withdraw the application documents for the non-public offering. The company has fully considered the changes in the planned and actual development environment of the company’s initial public offering since April 23, 2024, and has fully communicated with the company’s non-public offering environment and the actual development of the intermediary market. In the future, the company will continue to focus on the new generation ABC high-efficiency Cecep Solar Energy Co.Ltd(000591) battery technology, continue to promote the process of mass production, actively strive for the early commissioning and production of new projects, and strive to provide customers with Cecep Solar Energy Co.Ltd(000591) batteries with higher conversion efficiency and a package of overall solutions.

It is reported that ABC battery was officially launched and displayed by aixu at Shanghai SNEC exhibition in June 2021, representing the development direction of the next generation n-type battery in the industry. The new battery adopts a new back contact structure without any grid line shielding on the front. It is expected that the average mass production conversion efficiency will reach more than 25%, and the power generation can be increased by 10% compared with the current mainstream perc battery. At the same time, the new battery adopts non silver technology, which greatly reduces the material cost. After it is put into the market, it will further reduce the cost of photovoltaic kwh by about 15%. The battery technology has broken through the foreign technology blockade for many years and has completely independent intellectual property rights. It is the core product of crystalline silicon battery built by aixu company for the next generation n-type technology route, which is expected to bring new technological iterations in the industrial chain. The company is also exploring and developing various scenarios of new battery technology, constantly broadening the track of the photovoltaic industry and helping the transformation and upgrading of the photovoltaic industry.

On the morning of February 25, 2022, Shanghai Aiko Solar Energy Co.Ltd(600732) Zhuhai project participated in the centralized signing and commencement ceremony of 2022 key projects in Doumen District, Zhuhai, helping Zhuhai build a 100 billion level new energy industry cluster. On March 1, the company announced that it plans to participate in the capital increase of Guangdong Gaojing Cecep Solar Energy Co.Ltd(000591) Technology Co., Ltd. in cash, with an investment amount of 250 million yuan. After the capital increase is completed, the company will hold 2.12% equity of Guangdong Gaojing.

Founded on July 3, 2019, Guangdong Gaojing plans to build a 50gw large-size monocrystalline silicon wafer project in Zhuhai, Guangdong. The first phase of 15gw large-size monocrystalline silicon wafer project has been officially put into operation in June 2021, the second phase of 15gw large-size monocrystalline silicon wafer project has been put into operation in January 2022, and the third phase of 20GW large-size monocrystalline silicon wafer project is expected to be put into operation in 2023 Shanghai Aiko Solar Energy Co.Ltd(600732) this capital increase to Guangdong Gaojing will help strengthen the upstream and downstream cooperation of the industry and give full play to the synergy between the company and Guangdong Gaojing industrial chain. In terms of upstream and downstream capacity coordination, Guangdong Gaojing expects to build 30GW silicon wafer capacity in 2022, which has capacity coordination with the company’s existing 36gw battery capacity; In terms of location coordination, Guangdong Gaojing’s future 50gw silicon wafer planning capacity and the company’s 26gw new battery capacity planning are all located in Zhuhai; In terms of product collaboration, Guangdong Gaojing’s products are 182 / 210mm large-size silicon wafers. The R & D of n-type silicon wafers has been carried out and has mass production capacity, which is in line with the development direction of the company.

In the future, we will wait and see how aixu, the leader of photovoltaic cells, will promote its battery era and help China achieve its “double carbon” goal.

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