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Longji shares plan to invest more than 900 million yuan in single crystal battery project in Malaysia
Jun 5,2019 10:27CST
translation
Source:SMM
The company plans to invest in the construction of an annual 1.25GW single crystal battery project in Gujin City, Sarawak State, Malaysia, with a total investment of about 957 million yuan.
The content below was translated by Tencent automatically for reference.

[Longji shares plan to exceed 900 million yuan for Malaysia to invest in single crystal battery projects] Longji shares (601012) announced on the evening of June 4 that in accordance with the needs of strategic development, in order to further enhance the production capacity of overseas high efficiency batteries, The company plans to invest in the construction of an annual 1.25GW single crystal battery project in Gujin City, Sarawak State, Malaysia, with a total investment of about 957 million yuan. The company is based on LONGI TECHNOLOGY (KUCHING) SDN., a wholly owned subsidiary established in Gujin City, Malaysia. BHD. (hereinafter referred to as "Longji Technology Kujin Company") as the main body of investment, operation and management of this project, Longji Technology Kujin Company is mainly engaged in the production and sales of solar cells and module products, as well as according to the needs of the company. To carry out other business related to solar energy products. The project is to be located in Shama Free Industrial Park, Gujin City, Sarawak State, Malaysia, through the construction of a new standard plant and construction facilities, purchase and install the production equipment and supporting facilities to meet the annual production capacity of 1.25GW single crystal batteries. After the project reaches production, it is expected to achieve an average annual operating income of about 1.2 billion yuan, and an average annual net profit of about 127 million yuan. After the project is put into production, the company will continue to expand the capacity of overseas single crystal batteries by making use of its resource advantages in Malaysia and the advantages of the whole industrial chain, which is conducive to the output of production capacity to overseas markets. To provide an effective guarantee for the further growth of the company's business performance.

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