Xin Platinum raises funds for photovoltaic aluminum components project to aim at new energy photovoltaic accurate power generation

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On December 1, Xinplatinum shares disclosed the pre-plan for the non-public offering of A-shares in 2021, the number of non-public shares to be issued shall not exceed 20 million shares (including capital), and the total amount of funds raised shall not exceed 780 million yuan. After deducting the issuance fee, 548 million yuan will be used for the project with an annual output of 100000 tons of photovoltaic aluminum components.

On November 16, Xin Platinum disclosed that its wholly-owned subsidiary Xin Platinum Photovoltaic had won 16.01 million yuan for the state-owned construction land use right of lot No. 202108 in Tianchang Economic Development Zone, which was listed by Tianchang City Natural Resources and Planning Bureau. and obtained the "contract for the transfer of the right to the use of state-owned construction land" signed with the Tianchang City Natural Resources and Planning Bureau, with a land transfer area of 163400 square meters. Xinplatinum said the land use rights obtained from the auction would be used for R & D and production projects for solar photovoltaic aluminum components and auto parts.

In an institutional survey, Xin Platinum said that this year the company's photovoltaic aluminum profile shipments are about 170GW-180GW, and the market demand for aluminum frames is about 100-1.3 million tons. With the introduction of the "double carbon" target this year, which will bring great benefits to the new energy photovoltaic industry, Xinplatinum shares believe that the demand for aluminum components and aluminum profiles will also increase year by year. And in the research, Xin Platinum said that all the investment projects are expected to reach production by the end of the year, and the production capacity is expected to reach nearly 200000 tons next year. The company will further plan and expand production capacity according to the needs of downstream customers.

This fund-raising may provide more financial support for the new plots of the project and the projects that are put into production.

Xin Platinum Aluminum is mainly engaged in the research and development, manufacturing, processing and sales of aluminum bars and profiles, aluminum products, rail transit vehicle aluminum parts, automotive aluminum parts, new energy photovoltaic components, moulds. At present, the main customers are Jingke Energy, Longji shares, Jing O Technology, Zhengxin Optoelectronics, Daheng Energy and other new energy photovoltaic customers. In addition, mainly for rail transit and car lightweight, the main customers are Connie Mechatronics, Jinchuang Group, Wuxi Hongyu and so on.

In the production of photovoltaic aluminum components, Xin Platinum Co., Ltd. has obvious industry advantages, the company has achieved the whole process of production, integrated supply, and strict cost control. A complete industrial production system is established from raw material research and development, mold design and manufacturing, production and processing, surface treatment to finishing technology, and the finished product rate of each link is controlled through the fine management of data in the production process. effectively achieve the management and control of production cost. This also allows Xin Platinum shares to occupy a place in the industry.