Huitian Xincai plans to invest 70 million yuan in solar cell back film and photovoltaic silicone gel expansion project.

SMM News: October 15, Huitian new materials announced that the company agreed to the holding subsidiary Changzhou Huitian New Materials Co., Ltd. with self-raised funds of 58 million yuan to invest in the construction of 30 million square meters of solar cell back film project; the company's wholly-owned subsidiary Shanghai Huitian New Materials Co., Ltd. with self-raised funds of 12 million yuan, invested in the construction of 18700 tons of photovoltaic organic silica gel project. After the production line is completed and put into production, the solar cell back film production capacity of Changzhou Huitian will increase by more than 60%, and the photovoltaic one-component silicone gel production capacity of Shanghai Huitian will increase by more than 58%.

Basic information of investment projects

1. Changzhou Huitian expansion project

(1) Project name: solar cell functional membrane material project of Changzhou Huitian New material Co., Ltd.

(2) Project address: No. 32 Fengxiang Road, Wujin High-tech Industrial Development Zone, Changzhou City.

(3) the construction content of the project is proposed as follows: two solar cell back film production lines with a total annual production capacity of 30 million square meters, and a comprehensive building.

(4) Total investment, investment estimation and capital sources: the total investment of the project is about 58 million yuan, of which the investment in fixed assets is 58 million yuan. The investment recovery period is 4-5 years. The source of funds is Changzhou Huitian self-financing.

(5) Construction progress: the solar cell back film production line in this project is expected to be completed and put into production by the end of June 2021, and the comprehensive building is expected to be completed by the end of December 2021.

2. Shanghai Huitian expansion Project

(1) Project name: Shanghai Huitian New material Co., Ltd. expanded production capacity project (one-component silicone sealant production project).

(2) Project address: 251 Wenji Road, Songjiang District, Shanghai.

(3) the construction content of the project is proposed as follows: a photovoltaic one-component silicone sealant production line with an annual production capacity of 18700 tons.

(4) Total investment, investment estimation and capital sources: the total investment of the project is about 12 million yuan, of which the investment in fixed assets is 12 million yuan. The investment recovery period is 2-3 years. The source of funding is Shanghai Huitian self-financing.

(5) Construction progress: the project is expected to be completed and put into production by the end of December 2020.