At a time when the company encountered a series of bad news, Longi Green Energy Technology Co.Ltd(601012) chairman transferred 20% of the shares without trading.
On April 21, Longi Green Energy Technology Co.Ltd(601012) issued a clarification announcement that the reason for the shareholding change of Zhong Baoshen, chairman of the company, was non transaction transfer, not sale transaction. As of the closing on April 22, Longi Green Energy Technology Co.Ltd(601012) reported 62 yuan / share, down 0.93%, with a total market value of 335.6 billion yuan.
or divorce property division
What attracted Longi Green Energy Technology Co.Ltd(601012) to clarify was a media report. On April 21, some media released a report on the shareholding change of Longi Green Energy Technology Co.Ltd(601012) chairman, referring to “on April 6, Zhong Baoshen, chairman of Longi Green Energy Technology Co.Ltd(601012) chairman and non independent director, quietly reduced his shareholding of 19.6 million shares of the company, and reported afterwards on the website of Shanghai Stock Exchange on April 8, but did not disclose it”.
However, Longi Green Energy Technology Co.Ltd(601012) said that after verification, the above media reports are not true. Due to the division of family property, Zhong Baoshen handled the non trading transfer business of securities in zhongdeng clearing Shanghai Branch on April 6, passing 19.6 million shares of the company’s shares. After this change, Zhong Baoshen held 70.256 million shares of the company.
The company also said that the reason for this shareholding change is non trading transfer, not selling transaction. The relevant shareholding change has been reported on the website of Shanghai stock exchange according to relevant requirements. Its shareholding change behavior meets the requirements of relevant laws and regulations, and there is no illegal reduction and information disclosure in the window period.
Non trading transfer refers to the transfer of ownership of shares between the transferor and the transferee without on-site or off-site trading, including gift, inheritance and assistance in the execution of judicial judgment. The reporter noted that Zhong Baoshen transferred 19.6 million shares, accounting for 21.78% of his original shares and 0.36% of the company’s total share capital. The closing market value of the shares was RMB 6.016 billion yuan / month.
It is speculated that the “family property division” mentioned in the announcement or the property division after Zhong Baoshen’s divorce from his wife.
negative
In fact, Longi Green Energy Technology Co.Ltd(601012) chairman handled the transfer of ownership at a time when the company encountered many bad news.
On the evening of April 5, Longi Green Energy Technology Co.Ltd(601012) announced that on April 1, the company received the letter of Yunnan Provincial Development and Reform Commission on clarifying Longi Green Energy Technology Co.Ltd(601012) relevant electricity prices, informing that according to the requirements of relevant national departments to clean up the preferential electricity price policies, the preferential electricity price policies and measures enjoyed by the company in Yunnan Province will be cancelled. From September 1, 2021, all electricity prices of the company will be formed through electricity market transactions, Direct settlement with power grid enterprises.
By the end of 2021, Longi Green Energy Technology Co.Ltd(601012) the slicing capacity put into operation in Yunnan accounted for about 54% of the company’s total capacity Longi Green Energy Technology Co.Ltd(601012) said that since the company’s investment projects in Yunnan Province can no longer implement the electricity price agreed by both parties in the original cooperation agreement, the production cost of investment enterprises in Yunnan Province will be increased to a certain extent, and the electricity charge accounts for about 15% of the whole process processing cost of silicon wafer, which will have a certain adverse impact on the company’s profits Longi Green Energy Technology Co.Ltd(601012) also admitted that the unfinished part of the company’s investment project in Yunnan has the risk of change.
Longi Green Energy Technology Co.Ltd(601012) in other provinces, will the price concessions be affected? The relevant person in charge of the company told the reporter of the international finance news, “at present, the relevant businesses in other regions of the company are still implemented in accordance with local policies.”
Also on April 6, Longi Green Energy Technology Co.Ltd(601012) responded that on April 4, a small-scale fire occurred in the factory of Ningxia Longji technology Leye Co., Ltd. located in Yinchuan economic and Technological Development Zone, Ningxia, and the fire was extinguished at about 20:00 on the same day. At present, it is waiting for firefighters to investigate the cause of the accident. The company said that the fire caused damage to some battery plant equipment. At present, the company has transferred the production allocation to other workshops or bases, and the production will not be affected.
In addition, Longi Green Energy Technology Co.Ltd(601012) ‘s overseas business may suffer another setback. Foreign media reported at the end of March that the US Department of Commerce said it would investigate whether Chinese Cecep Solar Energy Co.Ltd(000591) manufacturers evaded Cecep Solar Energy Co.Ltd(000591) tariffs by conducting business in four Southeast Asian countries. The U.S. Department of Commerce said the investigation was at the request of Cecep Solar Energy Co.Ltd(000591) component manufacturer auxin solar (hereinafter referred to as “auchin”) headquartered in San Jose, California. On March 8 local time, auchin accused the US Department of commerce that the Chinese Cecep Solar Energy Co.Ltd(000591) component manufacturer completed the component packaging by transporting Cecep Solar Energy Co.Ltd(000591) battery chips to Southeast Asia in order to avoid anti-dumping and countervailing (AD / CV) tariffs.
Auchin mentioned several Chinese photovoltaic enterprises in the petition, including Longi Green Energy Technology Co.Ltd(601012) , Jingke energy, Atlas Cecep Solar Energy Co.Ltd(000591) , Trina Solar Co.Ltd(688599) , etc.
It is reported that after the investigation is launched, a preliminary ruling will be made within 150 days. A spokesman for the U.S. Department of Commerce pointed out that no decision has been made on the merits of the case. At present, no additional tariffs will be imposed and an “open and transparent investigation” will be conducted. However, if the US Department of Commerce confirms the above allegations, it may expand Cecep Solar Energy Co.Ltd(000591) tariff to Southeast Asia in the future and trace back to the time when the investigation is launched.
raised the silicon wafer quotation several times
On April 13, Longi Green Energy Technology Co.Ltd(601012) official website updated the silicon wafer quotation again, involving only 182 silicon wafer quotation changes. The latest price was 6.82 yuan / piece, an increase of 0.12 yuan / piece or 1.79% compared with the previous quotation. The current price of Longji 182 silicon wafer is close to the highest price of 6.87 yuan / piece in 2021.
Before this quotation change, Longi Green Energy Technology Co.Ltd(601012) the price of silicon wafer was raised five times in the year. On March 25, Longi Green Energy Technology Co.Ltd(601012) raised the price of monocrystalline silicon wafer of the whole line by 1.8% – 1.9%, including p-type M6 165 of monocrystalline silicon wafer μ M thickness (166 / 223mm) 5.55 yuan / piece, up 1.8%; Monocrystalline silicon p-type 158.75/223mm 165 μ M thickness 5.35 yuan / piece, up 1.9%; Monocrystalline silicon p-type M10 165 μ M thickness (182 / 247mm) 6.7 yuan / piece, unchanged. On March 7, the company’s monocrystalline silicon wafer p-type M10 165 μ The price of m thickness (182 / 247mm) rose to 6.7 yuan / piece, an increase of 3.08%. From January to February, Longji raised the price of silicon wafers three times, with a maximum increase of 5.1%.
Behind Longji’s repeated increase in silicon wafer quotation is the continuous rise of polysilicon price. On April 20, the silicon branch of China Nonferrous Metals Industry Association released data. This week, the price range of China’s single crystal re feeding was 2490 Zhejiang Vie Science & Technology Co.Ltd(002590) 00 yuan / ton, and the average transaction price rose to 253300 yuan / ton, with a weekly increase of 0.72%; The price range of single crystal compact is 2470 Beingmate Co.Ltd(002570) 00 yuan / ton, and the average transaction price rose to 250900 yuan / ton, with a weekly increase of 0.72%. This is the 14th week of continuous rise in polysilicon prices.
According to the analysis of the silicon industry branch, local silicon material enterprises are affected by the local epidemic, and there are restrictions and obstacles in raw materials, production, logistics, employment and other aspects to varying degrees. On the one hand, it leads to insufficient capacity release increment of silicon material expansion, and even the output of some existing enterprises in production is limited and reduced. On the other hand, it leads to the delay of silicon material delivery and arrival time, and some downstream enterprises cannot guarantee the original long-term order supply, The number of temporary orders increased. For the market that is in short supply, the supply of silicon material is more scarce, so the price continues to rise slightly in the near future.
As of this week, there are 13 polysilicon enterprises producing polysilicon in China, and two are under repair and maintenance. Taking into account the impact of the epidemic and maintenance, production reduction, incremental release of new capacity and other factors, China’s polysilicon supply and demand in April still maintained the expectation of 6 Shenzhen Huaqiang Industry Co.Ltd(000062) 000 tons (including output and import) and 67000 tons, and there was a gap in silicon supply. Therefore, from the perspective of supply and demand, the silicon price will continue to rise slightly in the short term. In May, according to the analysis of upstream and downstream production and operation plans, the supply and demand of silicon materials increased, reaching 65000 tons (including output and import) and 68 Jiangnan Mould & Plastic Technology Co.Ltd(000700) 00 tons respectively, but the overall supply is still less than the demand.
