[Video] 1.3 billion! Haiyou New Material Intends to Build Photovoltaic Film Product Project

of February 14, Haiyou New Material announced that it planned to invest in the construction of 20g W photovoltaic film production project in Shangrao Economic and Technological Development Zone, Jiangxi Province, to produce POE, EVA, white film and other products for photovoltaic matching, with a total planned investment of about 1.3 billion yuan.

The project is divided into two phases, the first phase investment is 465 million yuan, the second phase investment is 835 million yuan, and the second phase investment is liquidity investment.

The announcement shows that the project will form an annual production capacity of 200 million square meters of film, which can provide supporting services to the surrounding component factories in the region. Enhancing the company's overall production capacity will have a positive impact on the company's future business performance, market expansion, brand influence and so on.

Previously, Haiyou New Material planned to raise no more than 1.136 billion yuan for the production and construction project of photovoltaic packaging materials with an annual output of 200 million square meters (Phase I), the production project of photovoltaic film with an annual output of 200 million square meters (Phase I) of Shangrao Haiyouwei Applied Film Co., Ltd. and supplementary liquidity.

In June last year, Haiyou New Material also invested in the construction of 200 million square meters of annual production capacity in Jiaxing, Zhejiang Province and 150 million square meters of annual production capacity in Shangrao, Jiangxi Province by issuing convertible bonds. The products of the two projects are mainly EVA film and POE film.

As the products and planned capacity of fixed-increase fund-raising projects are similar to those of convertible bond investment projects, the Shanghai Stock Exchange has asked whether there is duplication of construction. Haiyou New Material responded that there was no significant difference in the products of each project, and there was no duplication of construction.

According to the newly disclosed performance forecast of Haiyou New Material, the company expects to achieve operating income of 5.2 billion yuan to 5.5 billion yuan in 2022, an increase of 67.46% to 77.12% over the same period last year; net profit attributable to parent company of 70 million yuan to 90 million yuan, a decrease of 64.31% to 72.24% over the same period last year.