Xinyuan Science and Technology announced on October 16 that the company intends to sign a project investment framework agreement and a project investment agreement with the people's government of Jinxian County, investing about 460 million yuan in the area of the people's government of Jinxian County. Construction of 100,000 square meters of factory buildings and supporting buildings, 20GW highly reliable photovoltaic inverters and bidirectional converter production projects, mainly engaged in research and development and production of solar photovoltaic full-power inverters.
In addition, the company also announced a major sales contract on the same day. The company intends to sign a sales contract with Mubang Hi-Tech or its wholly-owned subsidiary to sell the digital and intelligent production line of 10000 tons/year silicon waste purification and recycling project, with a contract value of no more than 450 million yuan.
It is reported that Xinyuan Science and Technology is mainly engaged in intelligent transportation and batching system and environmental protection equipment, intelligent display and control equipment, intelligent special equipment and others. The company's products cover intelligent digital display and control and storage equipment, intelligent transportation and batching equipment, etc. In the first half of 2023, the company realized revenue of 122 million yuan, down 66.99% from the same period last year.
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