Cecep Solar Energy Co.Ltd(000591) Zhenjiang phase I 1.5gw high efficiency Cecep Solar Energy Co.Ltd(000591) battery module intelligent manufacturing project started

Cecep Solar Energy Co.Ltd(000591) on January 12, it was announced that on the same day, the 1.5gw high-efficiency Cecep Solar Energy Co.Ltd(000591) battery module intelligent manufacturing project in the intelligent manufacturing phase I project invested and constructed by cecep Cecep Solar Energy Co.Ltd(000591) Technology (Zhenjiang) Co., Ltd., a wholly-owned subsidiary of cecep Cecep Solar Energy Co.Ltd(000591) Technology Co., Ltd., was started in the new energy industrial park of Zhenjiang new area. It is reported that the main products of the project are large-size high-efficiency Cecep Solar Energy Co.Ltd(000591) battery modules. After being put into operation, it can achieve an annual production capacity of more than 1.5gw of high-efficiency photovoltaic modules, which will further promote the large-scale and brand development of Zhenjiang Company.

It is understood that on December 17, 2020, Cecep Solar Energy Co.Ltd(000591) technology company and its affiliated Zhenjiang Company signed an investment agreement with the Management Committee of Jiangsu Gaoyou economic development zone and its related parties, and Zhenjiang Company officially launched the investment and construction of "intelligent manufacturing phase I annual output of 6.5gw high-efficiency Cecep Solar Energy Co.Ltd(000591) battery project". Previously, Zhenjiang Company has registered and established a subsidiary in Gaoyou Economic Development Zone - cecep Cecep Solar Energy Co.Ltd(000591) technology Gaoyou Co., Ltd. as the construction subject of the project.

According to the person in charge of the company, with the rapid development of the global photovoltaic industry, the market demand for high-efficiency Cecep Solar Energy Co.Ltd(000591) batteries and modules is increasing. After the implementation of this investment expansion, Zhenjiang Company will add 6.5gw of high-efficiency Cecep Solar Energy Co.Ltd(000591) batteries and 1.5gw of high-efficiency components every year, which will improve the product and market competitiveness, further improve the company's industrial layout and increase the market share, which is expected to have a positive impact on the company's future earnings.

The company suggests that at present, the 1.5gw high-efficiency Cecep Solar Energy Co.Ltd(000591) battery module intelligent manufacturing project is in the engineering construction stage, and it will take some time to put into operation. The company will actively promote the construction process of the project and timely fulfill the obligation of information disclosure according to the progress of the project.

According to the latest financial report, driven by the double increase of Cecep Solar Energy Co.Ltd(000591) product sales and photovoltaic power plants put into operation, the operating revenue of Cecep Solar Energy Co.Ltd(000591) from January to September 20201 was 5.205 billion yuan, a year-on-year increase of 38.10%; The net profit attributable to the parent company was 1.188 billion yuan, a year-on-year increase of 21.32%; The net profit after deducting non-profit was RMB 1.062 billion, an increase of 11.59%.

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