On July 5, Shanghai Ailu Packaging Co., Ltd. (Hereinafter referred to as Shanghai Ailu) announced that Ailu New Energy, a holding subsidiary of the company, had signed the Letter of Intent for Strategic Cooperation with Wuxi Suntech Solar Power Co., Ltd. Supply PV module products to Suntech Power.
Shanghai Ailu said that the signing of the contract does not involve a specific amount, and the two sides will adopt a flexible bargaining mechanism to follow the market. According to the
data, Shanghai Ailu was founded in August 2006 and listed on the Shenzhen Stock Exchange in September 2021. It is an enterprise engaged in research and development, design, production, sales and service of industrial paper packaging, plastic packaging and intelligent packaging systems.
In 2022, Shanghai Ailu achieved a revenue of 1.122 billion yuan, an increase of 0.18% over the previous year, and a net profit of 106 million yuan, a decrease of 26.55% over the previous year. In the first quarter of 2023, the Company achieved an operating income of RMB223 million, representing a year-on-year decrease of 17.74%, and a net profit attributable to parent company of RMB7.0141 million, representing a year-on-year decrease of 77.92%.
Performance pressure or the main reason for the company to seek a new growth pole in the photovoltaic industry . In January
this year, Shanghai Ailu invested in the establishment of Nantong Ailu New Energy Technology Co., Ltd. with Shanghai Anjingxing Enterprise Management Co., Ltd. (Hereinafter referred to as Shanghai Anjing), formally entering the photovoltaic track.
Among them, Shanghai Ailu contributed 36.5 million, accounting for 73%; Shanghai Anjing contributed 13.5 million, accounting for 27%.
In view of the reasons for entering the photovoltaic industry, Shanghai Ailu said that after years of deep cultivation in the field of industrial paper packaging and (composite) plastic packaging, the company has mastered the corresponding core technology, production technology and R & D capabilities of membrane products, and on this basis, the company intends to enter the new energy photovoltaic industry by investing abroad to set up holding subsidiaries. It will have a synergistic effect with the company's existing business, promote the layout of the company's membrane products in various industries, and realize the diversified development of the company.
On July 7, Shanghai Ailu said on the interactive platform for investors that while deepening the three major businesses of industrial paper packaging, plastic packaging and intelligent packaging system, the company is committed to tapping potential new opportunities for synergy with the company's business and technology, and has made in-depth market research and demonstration in the early stage. Finally, we will anchor the subdivision track of photovoltaic modules (backplanes) in the new energy field.
At the same time, the company also made a statement on this cooperation: Suntech Power is a world-renowned manufacturer of high-performance photovoltaic products focusing on the R & D and production of solar cells and modules, and the company has won the recognition of Suntech Power in technical exchanges and product testing. Suntech Power and the company reached a consensus on the development trend of photovoltaic modules, cooperative research and development of new materials, and technical support, and signed a three-year strategic cooperation agreement.
Up to now, the first batch of equipment procurement of Ailu New Energy Backplane Project, a holding subsidiary, has been completed, and has entered the installation and commissioning stage. Plant decoration, qualification certification and product sample customer verification have been carried out smoothly, and will be put into operation in the fourth quarter of 2023 as planned.
Source: Digital New Energy DNE