On the evening of March 16, Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) ( Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) ) issued a notice on planning major events. According to the company’s layout planning and orders in the photovoltaic field, the company plans to publicly issue convertible corporate bonds to unspecified objects, and the company plans to invest in the construction of 2gw high power generation Cecep Solar Energy Co.Ltd(000591) photovoltaic module project by means of its own funds and bank financing. The issuance scale of convertible corporate bonds shall not exceed 40% of the company’s net assets at the end of the latest period.
If Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) this planned major event is successfully implemented, the company’s photovoltaic module business will be overweight again on the original 1.5gw capacity, and the total capacity will reach 3.5gW For example, according to the ranking of shipments of national photovoltaic module enterprises in 2020, this data will rank among the top 10 in China.
This Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) firm overweight photovoltaic module project has something to do with the sharp increase in export orders and the demand of other customers. According to newsmakers today, with the soaring energy prices, more and more American families are lining up to make an appointment for the installation of photovoltaic roofs. Tesla‘s photovoltaic roofs are undoubtedly the most popular and concerned.
In addition, the Management Committee of Anhui Huangshan Economic Development Zone has agreed at the end of January that the newly-built photovoltaic power generation project will give priority to recommending fule new energy to implement photovoltaic power generation construction under the same conditions; For other photovoltaic power generation projects invested and constructed in Huangshan City, the development zone will actively seek support from relevant departments directly under the municipal government, and fule new energy will implement photovoltaic power generation construction. This, together with the 3-year 5GW photovoltaic module order signed by the company and Chint new energy, ensures sufficient demand for Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) photovoltaic module business.
Southwest Securities Co.Ltd(600369) research report points out that fule new energy’s main products are 166 half pieces and 450W components, 182 half pieces and 540W components have been developed and produced, and have a production capacity of 210 half pieces. The half piece design reduces the risk of hot spots, multiple main grids effectively reduce power loss, better weak light performance and higher power generation. In addition, all black components and double-sided power generation components have also passed Intertek certification. The double-sided power generation module has passed the double IEC reliability test and has lower working temperature characteristics. The back gain is up to 25%, which is 25% less than that of the conventional double-sided module. The use of easy-to-clean PVF film can effectively reduce the operating cost by 5%. Compared with the ordinary whole chip module, the half chip module reduces the internal circuit and internal friction and reduces the working temperature, which can effectively reduce the temperature loss and hot spot probability and improve the packaging efficiency. With the formation of the large-scale trend of upstream silicon wafers, the size of mainstream photovoltaic modules is also increasing. The company’s technical reserves on 182 and 210 half wafers can well meet the needs of downstream customers at different levels and enjoy the dividend of rapid growth of photovoltaic industry.
In addition, one month ago, Hangzhou Star Shuaier Electric Appliance Co.Ltd(002860) announced that the company planned to use its own funds to buy back part of the company’s shares in the form of centralized bidding transaction for the later implementation of equity incentive plan or employee stock ownership plan. The number of shares repurchased this time ranges from 6 million shares to 8 million shares, and the repurchase price shall not exceed 25 yuan / share. It is estimated that the total amount of shares repurchased will not exceed 200 million yuan according to the maximum number of shares repurchased this time and the maximum repurchase price of 25 yuan / share. On March 10, the company announced that it had repurchased 3.07 million shares, accounting for 1.4% of the company’s share capital, reflecting the full confidence of the company’s management in the long-term development of the company in the extreme market environment.
