On October 9, Huamin announced that it had recently signed two more contracts with its holding subsidiary Hongxin New Energy. According to the announcement, this is a purchase and sale contract signed with several companies under Tongwei Stock Company , with a total contract value of 9.6 billion yuan .
Contract 1: The Polysilicon Purchase and Sale Framework Agreement
stipulates that from the effective date of the contract to December 31, 2026, the Company and Hongxin New Energy shall purchase a total of 56,800 tons of primary polysilicon materials from Yongxiang Polysilicon, Yongxiang New Energy, Inner Mongolia Tongwei, Yunnan Tongwei and Yongxiang Technology. The actual purchase price is determined by both parties through monthly negotiation. According to the current market price, the total contract amount is estimated to be 5.1 billion yuan . Due to the large price fluctuation of silicon materials and wafers in the photovoltaic industry , there may be differences between the actual transaction amount and the estimated contract amount.
Contract II: The Silicon Wafer Procurement Framework Contract
stipulates that from the effective date of the contract to December 31, 2026, Meishan Tongwei and its related parties plan to purchase a total of 1,520 million monocrystalline silicon wafers from Hongxin New Energy, and the actual sales price is determined by both parties through monthly negotiation. According to the current market price, the total contract amount is estimated to be 4.5 billion yuan . Due to the large price fluctuation of silicon materials and wafers in the photovoltaic industry, there may be differences between the actual transaction amount and the estimated contract amount.
Cross-border Year & nbsp; According to the tracking statistics of digital new energy DNE, as of the sales contract of Tongwei shares, it has frequently won the leading orders
in the industry. The amount of silicon wafer contracts signed by Huamin and its subsidiaries this year has exceeded 21 billion yuan . In addition, it is interesting that most of the successive sales targets of Huamin shares are the giants of photovoltaic industry such as Tongwei, Zhengtai, Yiyi and Huasheng.
But in fact, the cross-border photovoltaic industry of Huamin shares is only one year old. According to
the data, Hunan Huamin Holding Group Co., Ltd., formerly known as Hunan Hongyu Wear-resistant New Material Co., Ltd. (Hereinafter referred to as "Hongyu New Material"), was founded in 1995 and is an enterprise focusing on the research and development of new materials and the application of technology. The company was listed on the GEM of Shenzhen Stock Exchange in August 2012. After
years of continuous losses, Huamin shares chose to move towards photovoltaic. On August 16 , 2022, the company acquired 80% of Hongxin New Energy Technology (Yunnan) Co., Ltd. at a price of 56 million yuan , formally opening the road of "chasing light". In the photovoltaic field, it is mainly engaged in the research and development, production and sales of monocrystalline silicon rods and wafers.
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