The Hunan Yujing Machinery Co.Ltd(002943) that transformed the photovoltaic industry from 5g track two years ago is continuously overweight.
On April 6, the company announced that it plans to jointly invest and establish a holding subsidiary, Jiangsu Shuangjing New Energy Technology Co., Ltd. (the final name approved by the registration authority) with Jiangsu Shuangliang Eco-Energy Systems Co.Ltd(600481) Investment Co., Ltd. (a wholly-owned subsidiary of Shuangliang Eco-Energy Systems Co.Ltd(600481) and Jiangsu Yongxin new materials Co., Ltd., to be the main operator of the company’s investment and construction of 25gw photovoltaic large-size silicon wafer project, It is mainly engaged in slicing, production and sales of photovoltaic large-size silicon wafer products. The total investment of the project is 2.5 billion yuan.
It is disclosed that the registered capital of the above project company is 360 million yuan, of which Hunan Yujing Machinery Co.Ltd(002943) accounts for 70% of the shares. The total investment of the project is 2.5 billion yuan, and the total investment in fixed assets is 1.68 billion yuan, of which the investment in equipment is about 1.2 billion yuan, the supporting facilities is about 180 million yuan, and the construction of plant and other infrastructure is about 300 million yuan. It is expected that the equipment installation, commissioning and trial production will be completed within 8 months.
In Hunan Yujing Machinery Co.Ltd(002943) view, driven by the policies of “carbon peaking” and “carbon neutralization”, China’s photovoltaic industry has ushered in new opportunities for rapid development. The installed capacity of photovoltaic continues to increase and the cost of photovoltaic power generation continues to decline. The increase of installed capacity of photovoltaic will drive the rapid development of upstream key processing equipment and key materials, which also brings historical development opportunities to the company. Based on the needs of strategic planning and business development, the company plans to establish a holding subsidiary, and the newly established subsidiary will be the main operator of Cecep Solar Energy Co.Ltd(000591) photovoltaic silicon wafer processing and sales project in Yancheng City, Jiangsu Province, which will help the company better grasp the market opportunities brought by the development of photovoltaic industry and give full play to the high-speed cutting equipment, diamond wire cutting consumables The technical advantages and supporting synergy advantages in cutting technology are conducive to expanding and improving the overall layout of the company in the photovoltaic industry chain and further improving the company’s business performance.
It is understood that Shuangliang Eco-Energy Systems Co.Ltd(600481) has invested and set up a single crystal crystal pulling project in Baotou. This time, it cooperates with the company to establish a slicing company for upstream and downstream cooperation. More importantly, Hunan Yujing Machinery Co.Ltd(002943) enter the slicing industry and can take advantage of its technical advantages in multi wire cutting machine. The company said that the company’s foreign investment in the establishment of a holding subsidiary will realize the expansion of products and business types, help bring new driving forces for the company’s future performance growth, improve the company’s income structure and enhance profitability, help improve the company’s comprehensive competitiveness, promote the sustainable and healthy development of the company, comply with the company’s development strategy, and there is no damage to the interests of listed companies and shareholders. After the establishment of a holding subsidiary, its operation will be included in the scope of the company’s consolidated financial statements.
