On December 31, 2021, Wuxi Dk Electronic Materials Co.Ltd(300842) announced that it planned to purchase 100% equity of Jiangsu SOTE by issuing shares at a transaction price of 1.247 billion yuan. Meanwhile, the company plans to issue shares to no more than 35 specific objects and raise no more than 350 million yuan of supporting funds to supplement the working capital of the listed company and its subsidiaries and pay the relevant expenses of this transaction.
It is reported that after the completion of this transaction, Wuxi Dk Electronic Materials Co.Ltd(300842) will hold 100% equity of Jiangsu SOTE and own the solamet photovoltaic silver slurry business of the original DuPont group through Jiangsu SOTE. As the actual controller of the listed company and one of the counterparties of the transaction, Shi Weili will participate in the actual operation of the listed company and solamet business after the completion of the transaction. Shi Weili promises that the net profits of solamet business in 2022, 2023 and 2024 will be 53.7486 million yuan, 90.5358 million yuan and 127.8723 million yuan respectively.
Wuxi Dk Electronic Materials Co.Ltd(300842) landed in the capital market last June, mainly engaged in the R & D, production and sales of high-performance electronic materials. It is a leading enterprise in the field of positive silver paste in China. The solamet photovoltaic silver paste business of the target company has been deeply rooted in the electronic paste industry for more than 30 years, and has a traditional dominant position in the field of photovoltaic conductive silver paste.
Qi Haizhen, President of Beijing Teyi sunshine new energy, said in an interview with Securities Daily: " Wuxi Dk Electronic Materials Co.Ltd(300842) Technology driven M & A is a good development strategy, which will play a positive role in the market in the future. Especially for the introduction of foreign advanced technology manufacturers, it can more comply with the development needs of the photovoltaic industry, so as to meet the higher customization needs of different manufacturers' future TOPCON and hjt cell technology routes for new silver paste products. "
According to the statistics released by the International Energy Agency (IEA), by the end of 2020, the global cumulative photovoltaic installed capacity had reached 707.49gw, a year-on-year increase of 21.82%, about 17 times that of 2010. With the deepening of global energy reform and the adjustment of energy structure, it is expected that the global photovoltaic installed capacity will be further expanded in the future. According to Irena's prediction, the cumulative global PV installed capacity is expected to reach 2840gw in 2030.
"The future development trend of the photovoltaic industry has become a 'set', and the prospect is bright. The installed power generation capacity will increase year by year. It can be predicted that the photovoltaic industry will maintain a compound growth rate of 15% or even higher per year until the carbon neutralization target is achieved in 2060." Qi said.
Wuxi Dk Electronic Materials Co.Ltd(300842) said that after the completion of this transaction, the listed company and the target company will implement effective coordination through R & D, patent, product, brand, market and management, carry out collaborative R & D and innovation, continuously improve the patent layout and expand the advantageous product portfolio, so as to realize complementary advantages, so as to further improve their comprehensive strength and market share.
(Securities Daily)
