November 15, Zhongli Group (002309) announced that the company's wholly-owned subsidiary Suzhou Tenghui Photovoltaic Technology Co., LTD. (hereinafter referred to as tenghui Photovoltaic) and Shanghai Huaneng E-commerce Co., LTD. (hereinafter referred to as: Huaneng Electronics co., LTD. (HEREINAFTER referred to as Huaneng Electronics co., LTD.) signed five pv Module Purchase Contracts, agreeing that Tenghui sold PV modules to Huaneng Electronics at a total price of over 1.7 billion YUAN, accounting for 18.9% of the company's latest audited operating revenue.
Huaneng Electronics is a subsidiary of China Huaneng Group Co., LTD., which has more than 500 units and is a world-class energy company, Zhongli said. The signing of the photovoltaic module procurement contract, first, is conducive to digestion of the company is in the climbing period of photovoltaic module and cell capacity, further enhance the company's photovoltaic module market share and brand awareness; Second, this is a good start for the company to carry out pv module sales business with Huaneng Electronics, which has a certain demonstration effect on the company's future development of pv module sales business market within China Huaneng System. Third, the total amount of the supply contract is over 1.7 billion yuan, which is conducive to improving the growth expectations of Tenghui and the company's performance, and has a positive impact on the company's operation.
Data show that The main business of Zhongli Group covers two major sectors: photovoltaic new energy business and special cable business. Among them, the photovoltaic new energy business mainly relies on its subsidiary, Tenghui Photovoltaic. The company focuses on the research and development, production and sales of high-efficiency single crystal cells and large size (182, 210) photovoltaic modules, the construction of rooftop distributed photovoltaic power stations, centralized photovoltaic power stations, and provides customers with overall photovoltaic system solutions. At present, the company has four photovoltaic production bases, respectively, tenghui Photovoltaic (changshu headquarters), Tenghui Thailand, Shandong Tenghui, Siyang Tenghui, the other two new photovoltaic bases, Suqian Tenghui, Peixian Tenghui has been built, and is planned to put into operation within the year.
In addition, the battery net understands, on November 10, in the group said, a wholly owned subsidiary of teng across photovoltaic and Tian Jiaan area of huainan city people's government signed the investment framework agreement, teng CDH 5 gw pv quasi Tian Jiaan area of huainan city in anhui investment efficient photovoltaic component project, the project will become the company intends to another new photovoltaic production base, The company will further expand the production capacity of large-size and high-efficiency photovoltaic modules to better meet the strong demand for high-efficiency and high-quality photovoltaic modules from global customers.
It is worth noting that Zhongli Group issued a notice of abnormal stock fluctuations regarding the deviation of the closing price increase of the stock trading price over 20% in three consecutive trading days (November 10, November 11 and November 12). The company said that after self-inspection, the company did not violate the situation of fair disclosure of information. In 2018, the company invested 850 million yuan to hold 8.29% equity of BIC Power, and accumulated asset impairment of 462 million yuan from 2018 to 2020. Currently, the book balance of BIC Power equity is 388 million yuan. Sne Finance (600318) is currently planning to purchase no less than 51% of THE equity of BIC Power in the form of asset replacement and issuance of shares to purchase assets, and raise matching funds.
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