On the evening of March 9, Jiangsu Zhongli Group Co., Ltd (hereinafter referred to as “Zhongli Group”) released a notice that the board of supervisors had deliberated and approved the proposal on the company’s plan for non-public share issuance in 2020.
According to the announcement, the total amount of fund raised by this proposal is estimated to be no more than 1.575 billion yuan, which is mainly used for the company’s new battery and module projects. The details are as follows:
Heterojunction (HIT) batteries and modules production projects in Changshu, Jiangsu Province,China
The total investment of the project is expected to be 1.2 billion yuan, and 4 high-efficiency heterojunction solar cell production lines and 4 high-efficiency solar module production lines will be built. In total, 1GW of high-efficiency solar module production capacity will be added. After the project is put into operation, the annual revenue and net profit will reach 1.6 billion yuan and 160 million yuan respectively.
TOPCon battery and module technology renovation projectin Changshu, Jiangsu Province,China
The project, with a total investment of 375 million yuan, will rebuild the TOPCon solar cell production line and carry out matching technical transformation to the existing solar module production line, adding a total of 1GW of high-efficiency solar module production capacity. After the project is put into operation, the incremental revenue and net profit will reach 650 million yuan and 88.07 million yuan respectively.
Heterojunction (HIT) technology battery, with the advantages of high conversion efficiency, large efficiency improvement space, strong power generation capacity, short process, is the most likely to replace the traditional monocrystalline silicon solar cell and polycrystalline silicon solar cell.
The subject of this project is Talesun Solar, a wholly-owned subsidiary of the company. At present, Talesun Solar has more than 45 branches in the world, and more than 50 countries where solar modules are shipped. By the end of 2019, the cumulative global shipments of Talesun Solar have reached 15GW.