[hot stocks] the rising limit of energy-saving solar energy has reached a new high in the past three years, and the 6.5GW solar cell project has started investment and construction.

On December 24, solar energy (000591) soared to the limit at the start of trading. Although there were occasional shocks in the session, it held steady at the limit in the afternoon. Closed during the day, solar energy was at 5.89, up 10.09%. Recently, Solar Energy announced that the company's board of directors agreed to invest in the first phase of intelligent manufacturing project by China Energy Saving Solar Technology (Zhenjiang) Co., Ltd., a wholly-owned subsidiary. Zhenjiang Company has established a subsidiary company, China Energy Saving Solar Technology Gaoyou Co., Ltd., in Gaoyou Economic Development Zone. With this subsidiary as the main body, Zhenjiang Company has invested in the first phase of intelligent manufacturing 6.5GW high-efficiency solar cell project.

It is reported that on December 17, 2020, Solar Technology Company and Zhenjiang Company signed an investment agreement with the Management Committee of Jiangsu Gaoyou Economic Development Zone and its related parties, and Zhenjiang Company formally launched the investment construction of the first phase of intelligent manufacturing 6.5GW high-efficiency solar cell project. After the successful implementation of the current project, according to the market and policy environment, the company will also seize the opportunity period of technological upgrading in the industry, strive to create a total scale of 50GW efficient battery capacity in the future, and become the mainstream high-efficiency battery supplier in the industry.

According to the company's previous three-quarter report, the operating income in the first three quarters was 3.769 billion yuan, an increase of 2.72 percent over the same period last year; the net profit belonging to shareholders of listed companies was 979 million yuan, up 19.70 percent over the same period last year; the net profit belonging to shareholders of listed companies after deducting non-recurring profits and losses was 952 million yuan, up 7.50 percent from the same period last year; and basic earnings per share was 0.3256 yuan. Data for the first half of the year show that the company sold 2.603 billion kilowatt hours of electricity in the first half of 2020, an increase of 453 million kilowatt hours or 21.05% over the same period last year.

By the end of June 2020, the operation and construction scale of the company's 6 power stations in Guanling Technology Co., Ltd. are as follows: 761.8 MW of operating power station in West and Central District (including 60 MW of operating power station belonging to China Energy-saving Solar Technology (Zhenjiang) Co., Ltd.), 565.4 MW of operating power station in Northwest region, 74 MW of power station under construction, and 480 MW of operating power station in Xinjiang. The operating power stations in North China are about 547.39 MW, and the power stations under construction are 100MW (connected to the grid); the operating power stations in East China are 1284.44 MW; the operating power stations in Central China are 267.2 MW, and the power stations under construction are 100MW (of which 99 MW are already connected to the grid). China Energy Saving Solar Guanling Technology Co., Ltd. operates the power station.