[hot stocks] large orders for new single crystal silicon wafers Central shares rose more than 5%

SMM11 March 20: central shares (002129) announced yesterday that the subsidiary Euro International and Trina Solar signed a single crystal silicon wafer sales framework contract. Share prices strengthened in the morning, as of press time, at 22.68 yuan, up 5.54%, with a total market capitalization of 68.79 billion.

It is understood that Tianjin Huanou International Silicon material Co., Ltd., a subsidiary of Central Co., Ltd., signed a single crystal silicon wafer sales framework contract with Trina Solar Energy. The company sold 210-size single crystal silicon wafers to Trina Solar in 2021, with a total quantity of not less than 1.2 billion. The total estimated contract amount is about 6.552 billion yuan (including tax, which does not constitute a price or performance commitment according to current market prices), accounting for 34.76% of the audited main business income of Central shares in 2019, and does not belong to a major sales contract. The term of performance of the contract is from January 1, 2021 to December 31, 2021.

Central shares said that the signing of this contract for downstream G12 photovoltaic module capacity planning to provide strong support, conducive to the G12 photovoltaic industry chain upstream and downstream enterprises coordinated development, win-win cooperation. At the same time, the signing of the contract is in line with the company's development strategy and business plan, which will accelerate the release of G12 silicon wafer market scale, contribute to the continuous reduction of LCOE (kilowatt-hour cost) and the optimization of BOS cost, and lay a solid product and cost foundation for realizing comprehensive and affordable access to the grid in the photovoltaic industry.

Trina Solar announced that the signing of the procurement cooperation framework agreement will help the company to respond to changes in the market environment timely and effectively, ensure the long-term stability of the company's supply chain, and provide a strong guarantee for the capacity planning and market expansion of the company's 210-size photovoltaic cells and modules, which is in line with the company's future development strategic plan.