August 7, Xiexin Integration issued an announcement on the signing of silicon material procurement contracts and related transactions .
The announcement shows that Xiexin Integration Technology (Suzhou) Co., Ltd., a wholly-owned subsidiary of Xiexin Integration, signed the Product Purchase and Sale Framework Contract with Jiangsu Zhongneng Silicon Industry Technology Development Co., Ltd. (Hereinafter referred to as "Zhongneng Silicon Industry") on August 7, 2025.
GCL Integration said that it intends to purchase silicon materials (YAS re-feeding after purification of silicon powder ) from Zhongneng Silicon Industry, with an estimated quantity of 11,250 tons . The total purchase amount is estimated to be no more than 450 million yuan (including tax). Both parties negotiate the transaction price of silicon materials every month according to the market situation, and the specific price is subject to the purchase order signed by both parties. The execution period of the
agreement is from the effective date of the contract to December 31 , 2025. According to
the data, Zhongneng Silicon Industry was established in March 2006, with 100% equity indirectly controlled by Xiexin Science and Technology. In 2024, Zhongneng Silicon Industry realized operating income of 503 million yuan and net profit loss of 297 million yuan .