Hot! M & A + 1 again! Zhejiang listed companies cross the border into the photovoltaic track

On July 13, Fuda Alloy announced that it was planning to purchase no less than 51% of the shares of Zhejiang Guangda Electronics Technology Co., Ltd. (Hereinafter referred to as "Guangda Electronics") in cash .

Fuda Alloy," The company has signed the Letter of Intent for Acquisition with the shareholders of Guangda Electronics on July 13 . After the completion of the transaction, Fuda Alloy will add conductive silver paste business on the basis of the electrical contact industry. According to

the public information, Fuda Alloy Material Co., Ltd. was founded in Wenzhou , Zhejiang Province in 1994 . Listed on the Shanghai Stock Exchange in 2018, it is a professional electrical contact material manufacturer integrating scientific research, production and sales. Its main products include three series of contact materials, composite materials and contact components .

Since its listing in 2018, the life of Fuda Alloy has not been as "moist" as expected. The company's financial data show that although Fuda Alloy's operating income has been rising from 2018 to 2024, its net return to its mother has dropped from a maximum of 73.18 million yuan to 45.63 million yuan .

loss of 512.".

In this regard, Fuda Alloy explained in the investor activity relationship table on June 12 that it was mainly due to the increase in R & D, marketing and other war investments, and it would take some time to transform and release benefits. At the same time, due to the rise in silver prices, some products have not yet achieved sales and profit contribution in inventory, and are expected to improve in the second quarter.

It can be seen that the cross-border " Fuda Alloy said that after the completion of the transaction with Guangda Electronics, it will add conductive silver paste business on the basis of the original electrical contact industry. The two sides will play a synergistic role in the preparation process of silver powder, research and development of less silver and cost reduction of materials, so as to form a new profit growth point and enhance the company's profitability and sustainability.

"Photovoltaic Silver" has become a cross-border fragrant baboon

, Fuda Alloy announced that the acquisition of Guangda Electronics has realized the independent research and development of three core raw materials of photovoltaic silver paste, silver powder, glass powder and organic carriers. Become a pulp manufacturer with the ability of self-research and self-production in the whole industry chain. Its products are widely used in solar photovoltaic , electronic components and other fields.

It is worth mentioning that Guangda Electronics has also established long-term cooperative relations with core customers such as Tongwei Stock, Jingao Technology, Trina Solar Energy, Aixu Stock, Zhengtai Xinneng and other well-known manufacturers.

This undoubtedly provides a stable customer resource for Fuda alloy to cross the border into the photovoltaic silver paste track.

In fact, since 2025, silver paste has become the " in addition to Fuda alloy. Haitian, Ningbo Fidelity (note: terminated cross-border on May 9) and Dike have successively entered the field of photovoltaic silver paste through cross-border layout, merger and acquisition integration.

Riyu Photovoltaic submitted its IPO to the Hong Kong Stock Exchange on May 29; Suzhou Solid Technetium planned to raise 886.8 million yuan on June 16 for the project of Suzhou Jingyin New Material Technology Co., Ltd. with an annual output of 500 tons of solar electronic paste.. (For details, please click: Cross-border, M & A, IPO … In the cold winter, why is this photovoltaic track so "hot"? To this, relevant investor is forecasted: "Silver still has rise space." It also adds another fire to the increasingly popular photovoltaic silver paste industry .

However, it should be noted that the actual controller of Guangda Electronics acquired by Fuda Alloy is Wang Zhongnan , the son of Wang Dawu, the actual controller of Fuda Alloy, so this transaction constitutes a related party transaction.

According to local media reports in Wenzhou, Zhejiang, the early controller of Guangda Electronics was Wang Dawu. Since 2020 , Wang Zhongnan has officially taken over the management of Guangda Electronics and aimed at the TOPCon battery silver paste track.