Raise 1.7 billion! Another enterprise expands production capacity of 1GW

2023-07-14 17:51:01

The net profit of Bowei Alloy in the first half of 2023 is expected to increase by 55.10% -69.53% compared with the same period last year; it is planned to raise funds to expand the production of 1GW cells.

On July 13, Bowei Alloy announced its performance pre-increase announcement for the first half of 2023. It is estimated that the net profit attributable to shareholders of listed companies in the first half of 2023 will be 430 million yuan to 470 million yuan , an increase over the same period last year. The net profit after deduction of non-recurring profit and loss was RMB44,500 to RMB485 million , representing a year-on-year increase of 71.59% to 87.01%.

On the same day, Bowei Alloy issued a prospectus for issuing convertible corporate bonds to non-specific targets, intending to raise no more than 1.7 billion yuan to further expand the market share of the company's main business and enhance the production capacity of solar cells and components.

The fund raised is mainly used for 30000 tons of special alloy electronic material strip expansion project and 20000 tons of special alloy electronic material wire expansion project, as well as 1G W battery expansion project. The 1GW cell expansion project

raised this time, with a total planned investment of 231 million yuan, will be implemented in Vietnam, and monocrystalline & nbsp; Product line for PERC + SE. It is reported that the project has been put into operation in April this year.

Bowei Alloy said that in 2022, the company's solar photovoltaic module production capacity has reached saturation. In view of the good development prospects of the photovoltaic industry , the company will further expand the production capacity of solar cells and modules through this project, and enhance the core competitiveness of the company in the field of new energy.

In recent years, Bowei Alloy has focused on implementing the development strategy of "new materials as the main and new energy as the supplement".

At present, the new energy sector is in the charge of its wholly-owned subsidiary Connet, which is engaged in the research and development, production and sales of solar cells and modules, as well as the construction and operation of photovoltaic power plants; related products are mainly sold to the United States, Europe and other regions.

In 2022, PV module shipments were 1.176 GW, up 378.05% year on year. The revenue share of new energy products also increased from 19.26% to 24.82%.

In recent years, by increasing R & D investment and accelerating technological upgrading, the company's photovoltaic cell conversion efficiency has remained in the first echelon of the industry, and the cell conversion efficiency has increased to 23.40% . In terms of

battery technology, the company has developed black silicon process, PERC + SE process, multi-main grid, double-sided, large-size 182 & nbsp; battery upgrade, PERC battery process conversion efficiency improvement and other projects. In terms of

module technology, the company has module products including double-sided, double-glass, multi-main grid and large-size 182, and has increased the power of 72 monolithic modules to 550 W.

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Correlation

The net profit of Bowei Alloy in the first half of 2023 is expected to increase by 55.10% -69.53% compared with the same period last year; it is planned to raise funds to expand the production of 1GW cells.

2023-07-14 17:51:01

China Tianrui Cement (01252. HK) announced that the company was informed by Yu Kuo, the controlling shareholder of the company, that according to the civil ruling issued by the People's Court of Shenzhen Qianhai Cooperation Zone, Guangdong Province, the share capital of Tianrui Group (70% and 30% held by Mr. Li and Ms. Li, respectively). The corresponding share capital of RMB1.4 billion and RMB0.6 billion, respectively) were released with immediate effect.