New progress has been made in the patent infringement dispute between Han Hua and Longi Green Energy Technology Co.Ltd(601012) ( Longi Green Energy Technology Co.Ltd(601012) ). On March 6, Longi Green Energy Technology Co.Ltd(601012) announced that on March 3, 2022 Dutch time, the appeal court of the Hague formally served the appeal judgment on the summary cross-border temporary injunction to longI, the Netherlands.
The result of this judgment shows that since the date of formal delivery of the judgment, Longji, the Netherlands, shall not directly and / or indirectly infringe Hanhua ep2220689 European Patent involving hi-m03, hi-m03m, hi-m04, hi-m04m, hi-m05 and hi-m05m component products in 11 countries such as Belgium, Germany, France, Hungary, Portugal, Spain, the United Kingdom and Switzerland.
In addition, Longji of the Netherlands sent a rectification letter to its customers in the above-mentioned countries, informed that the above-mentioned products provided by Longji of the Netherlands may infringe in the above-mentioned 11 countries, and asked to stop providing the above-mentioned products (the above-mentioned products are mentioned in the customer's website and product manual), and the relevant products can be returned to Longji of the Netherlands at the expense of Longji of the Netherlands.
Referring to the impact of the above judgment results, Longi Green Energy Technology Co.Ltd(601012) believes that the content of this judgment lacks legal basis and factual basis, and the company will immediately appeal in accordance with relevant laws. The subject of this judgment is only Longji, the Netherlands. The behavior and customers of other companies except Longji, the Netherlands are not subject to any restrictions of this judgment, and a small amount of returned products can still be legally sold outside the above 11 countries in Europe.
Longi Green Energy Technology Co.Ltd(601012) said that the company has completed the upgrading and transformation of 14 production lines in factories in Yinchuan and other places (with an annual production capacity of more than 6Gw). The relevant products produced are products that Han Hua has clearly confirmed that there is no risk dispute with the patents involved, and have been provided to customers in Europe and Australia in large quantities. The transformation of the other 16 production lines will depend on the market demand. This judgment will not have a material impact on the current operation and future development of the company.
The reporter noted that this judgment is a continuation of a judgment in October last year. At that time, Longji, the Netherlands, received a summary judgment and cross-border temporary injunction from the Rotterdam District Court of the Netherlands, which ordered Longji, the Netherlands, not to infringe on Hanhua's ep2220689b1 patents in nine European countries. If it violates the injunction, it shall pay a fine of no more than 5 million euros; In response to this result, Longi Green Energy Technology Co.Ltd(601012) also said that it would appeal immediately.
The patent litigation between Hanhua and Longi Green Energy Technology Co.Ltd(601012) has lasted for many years. In March and April 2019, Hanhua filed patent infringement litigation in many places, claiming that some products sold by Longi Green Energy Technology Co.Ltd(601012) and its subsidiaries in relevant regions infringed Hanhua's patent right, and required to judge that the photovoltaic module products sold by Longi Green Energy Technology Co.Ltd(601012) and its subsidiaries in the three places infringed its patent right, Request injunctive relief and tort damages, and bear litigation costs and other reasonable expenses.
Another announcement disclosed on the 6th showed that Longi Green Energy Technology Co.Ltd(601012) will expand its capacity in the field of silicon wafers. In September 2020, Longi Green Energy Technology Co.Ltd(601012) signed a project investment agreement with Qujing municipal government and the Management Committee of Qujing Economic and Technological Development Zone, and reached a cooperation intention on the company's new investment and construction project with an annual output of 20GW monocrystalline silicon rod and silicon wafer in Qujing (phase II project).
Longi Green Energy Technology Co.Ltd(601012) said that according to the company's future capacity layout and planning, the investment scale of Qujing (phase II) monocrystalline silicon rod project remained unchanged with an annual output of 20GW, and the investment scale of monocrystalline silicon wafer project was changed from 20GW to 30GW Longi Green Energy Technology Co.Ltd(601012) believes that after the project is put into operation, it will help the company further improve the production capacity of high-efficiency monocrystalline silicon rod and silicon wafer and seize the development opportunity of photovoltaic market.
At present, Longi Green Energy Technology Co.Ltd(601012) does not disclose the performance forecast or performance express of 2021. Since this year, Longi Green Energy Technology Co.Ltd(601012) the most important work is to complete the issuance of convertible bonds. The company has raised a total of 7 billion yuan to invest in the construction of 15gw high-efficiency single crystal battery project and 3gw single crystal battery manufacturing project, and supplement working capital.
