It is proposed to raise 3.5 billion yuan to increase the capital of Baotou single crystal wafer project Shuangliang energy saving: the first phase will achieve mass production as soon as the end of the year.

Published: Aug 9, 2021 08:21

Source: Jia Xiaoning, a reporter from the Financial Associated Press.

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"this fixed increase is an increase in the amount of investment in the Baotou single crystal silicon wafer project, mainly because the company is optimistic about the photovoltaic market." People related to Shuangliang Energy Saving (600481.SH) told the Financial Associated Press.

On the evening of August 8th, Shuangliang Energy Saving issued a fixed increase announcement, showing that the total amount of funds raised did not exceed 3.5 billion yuan, which was invested in the first phase of 40GW monocrystalline silicon project and supplementary liquidity of Shuangliang Silicon material (Baotou) Co., Ltd. The original planned investment of the project is 6.999 billion yuan, and the construction period of the project is 24 months. After this capital increase, it can improve the utilization efficiency of the company's production, R & D, management and other resources.

The above-mentioned person told the Financial Associated Press that the company's layout of large-size silicon wafers through the Baotou project has certain technological advantages over other enterprises. The company's current wafer products can be switched between 182mm and 210mm, while the first phase of the Baotou project can be mass produced by the end of this year at the earliest.

In view of the price rise caused by the mismatch of upstream silicon demand, the above-mentioned people said that there is little pressure on the company's new silicon wafer project. Because the company is the main supplier of polysilicon reduction furnace in China and has good adhesion with a number of silicon enterprises, these companies are potential suppliers of energy-saving silicon wafer raw materials in Shuangliang in the future.

It is worth mentioning that the performance of Shuangliang Energy Saving rose in the first half of this year, benefiting from the expansion of polysilicon industry. According to the semi-annual report, Shuangliang Energy Saving achieved revenue of 1.249 billion yuan in the first half of this year, an increase of 69.21% over the same period last year, and net profit of 102 million yuan, an increase of 470.35%.

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