SMM: since October 14, Longji Green Energy Technology Co., Ltd. has issued a notice saying that it has invested about 2.462 billion yuan to build Xi'an Jingwei New Town annual production 5GW single crystal battery project, about 2.021 billion yuan to build Chuzhou Phase II annual production 5GW single crystal module project, about 1.839 billion yuan to build Xianyang annual production 5GW single crystal module project, totaling about 6.322 billion.
About 2.462 billion yuan construction of Xi'an Jingwei New Town annual 5GW single crystal battery project
Through its wholly owned subsidiary Shaanxi Longji Leye Photovoltaic Technology Co., Ltd., the company invests in the construction of an annual 5GW single crystal battery project in Jingwei New Town of Xi'an Economic and technological Development Zone, with a total investment of about 2.462 billion yuan. After the project is put into production, the company will seize the development opportunity of single crystal market by virtue of its own technical advantages and local policy advantages and location advantages. At the same time, under the premise of meeting the needs of its own components, it can also be sold directly to other component enterprises at home and abroad. It is estimated that after reaching production, the average annual operating income is about 3.739 billion yuan, the average annual net profit is about 398 million yuan, and the overall construction cycle is expected to be about 2 years.
About 2.021 billion yuan for the construction of Chuzhou Phase II 5GW single Crystal Module Project
The announcement said: in order to meet the market demand for efficient single crystal products, according to the needs of strategic development, the company through its wholly owned subsidiary Chuzhou Longji Leye Photovoltaic Technology Co., Ltd. invested in the construction of the second phase of the annual 5GW single crystal module project in Chuzhou Economic and technological Development Zone, its main business scope is photovoltaic power generation technology research and development, services; Solar cells, solar cell modules, solar photovoltaic power generation system equipment research and development, production, sales; solar photovoltaic power generation project development, design, construction, operation; contract energy management; self-management and agent of all kinds of goods and technology import and export business. It is estimated that the total investment of the project is about 2.021 billion yuan (including liquidity), the average annual operating income is about 8.479 billion yuan, the average annual net profit is about 538 million yuan, and the overall construction cycle is about 15 months.
About 1.839 billion yuan for the construction of Xianyang annual 5GW single crystal module project
Longji said that in order to meet the market demand for efficient single crystal products, according to the needs of strategic development, the company invested in the construction of annual 5GW single crystal module project in Xianyang High-tech Industrial Development Zone equipment Industrial Park through its wholly-owned subsidiary Xianyang Longji Leye Photovoltaic Technology Co., Ltd., after the project was put into production, the company will seize the development opportunity of single crystal market by virtue of its own technical advantages and local policy advantages and location advantages. Ensure the market demand of high efficiency single crystal products and further improve the market share of single crystal products. It is estimated that the overall construction cycle is about 15 months, after reaching production, the average annual operating income is about 8.479 billion yuan, and the average annual net profit is about 563 million yuan.
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