Posted By admin on August 20, 2010
Zhejiang Sunflower Light Energy Technology Co., Ltd. about the GEM, and the trade, the sunflower market will help increase the company’s social reputation and influence, and establish good corporate brand image. The use of the funds raised to expand the scale of business of the company plays an important role, and help enhance the company’s research and innovation capacity, in order to achieve the set business goals and provide a solid financial support to enhance the company’s sustainable development.
Superior PV industry growth
Sunflower is a research and development, production and marketing of crystalline silicon solar cells and modules for the integration of the national high-tech enterprises, since its inception has engaged in the production and sale of large-size high-performance crystalline silicon photovoltaic solar cells and modules, within the past two years the main no significant changes in business operations dell XPS M1210 battery dell XPS M1330 battery .
Sunflower is a new solar energy industry. Solar and other renewable energy sources is more important compared to the status of being recognized as important in the 21st century new energy. Governments have formulated the corresponding policy and planning, continue to increase policy support for rapid development of PV market provides a solid foundation. Over the past 10 years, the industry developed rapidly with an average annual growth rate of 46% or more, is growing fast. Meanwhile, the industry is also key support for our industry, market capacity, the next few years the overall growth can be guaranteed, and broad development prospects.
It is understood that PV is a photochemical effect through the photoelectric effect or directly convert light into electrical energy, according to materials and function can be divided into two categories: crystalline silicon cells and thin film battery, including crystalline silicon cell is now the world the main PV market, accounting for more than 90% market share. Compared with crystalline silicon cells, thin film battery with use of materials less light weight, smooth appearance, easy installation etc., but the conversion rate is relatively low, service life is shorter, higher investment in equipment, raw materials resources, less, smaller market share . Thin film batteries include non-crystalline silicon cell, selenium cell, battery and other compounds.
Photovoltaic cell module is mainly multi-chip crystal silicon cells connected through to the glass packaging production process. Installation of photovoltaic cell components in the controller, inverter, batteries and other balance of photovoltaic system components, namely a complete PV system. DC inverter which can be converted to alternating current, to achieve grid. Currently, power generation accounted for more than 80% of the global PV market share.
Seize the opportunity to continue the development of sunflower
Since its inception in 2005, sunflowers have aimed at market opportunities, has focused on efficient crystalline silicon solar cell R & D and production, has grown to national minorities with their own technology and can scale production of solar cells and photovoltaic components business. The main products in recent years solar cell and module production compound annual growth rate of 174% compound annual growth rate of total assets, 86% compound annual revenue growth rate of 74%; 2008, the company received a “growth industry of Shaoxing City Top 20 Enterprises “and other honors; 2009 operating income more than 1 billion yuan, profit topped 100 million yuan. According to the China Renewable Energy Society of Professional Committee of Optoelectronics ranking, 2008, the company production of crystalline silicon cells have entered the domestic top 10, is the growing domestic PV industry, one of the most obvious dell Inspiron XPS Gen 2 battery .
Photovoltaic bright future
It is understood that the current PV industry is the world’s fastest-growing new energy industries. Since the 80s since the 20th century, the world’s major developed country governments for environmental protection, sustainable development strategies and other considerations, has developed its own facts and more for PV systems development plans and industrial policies, the PV industry and have been rapidly development. According to statistics, nearly 10 years, global PV production average annual growth rate of more than 46%, in 2008 the total output of photovoltaic cells 6400MW, the market share of about 16 billion euros, of which, Europe, the United States and Japan, the world’s light The main underlying market demand for body.
From a domestic perspective, as the global PV market in recent years the rapid development of the rapid growth of China PV industry, since 1999, domestic production of photovoltaic cells to achieve 135% annual growth, beyond Europe since 2007, Japan as the world’s solar cell production superpower. National production of photovoltaic cells in 2009 more than 4,000 MW, accounting for more than 40% of global output.
Meanwhile, the country also attached great importance to PV industry, governments of various countries to promote the importance of the photovoltaic industry, the current relatively high cost of photovoltaic power generation technology to promote the application still needs the support of relevant government policies. Therefore, the development of photovoltaic industry photovoltaic energy policy by the government are more obvious, the general presentation of government subsidies, corporate profits, expand scale, economies of scale, the development path of free market competition. Photovoltaic power generation in history, the earliest implementation of support policies in Japan, then Germany, Spain, the United States, Italy, Norway and other countries and regions. Governments introduced a range of support policies for the global PV industry to create a good environment for the development and huge market space, making the world photovoltaic industry in recent years significantly expanded the scale, economies of scale PV companies are gradually entering the times.
As of now, engaged in production of PV cells and modules nearly 300 enterprises, most of the major components in the package purchased battery company, and capable of independent production companies of about 50 cells, in which there is independent technical strength of enterprises can scale operation and produce better benefits for less than 20 dell Vostro A860 battery dell Vostro A860n battery .
In recent years, earlier and 10 Yu Jiaguang V companies have worked in overseas capital markets. As the industry is relatively shorter time business enterprises, companies rely on their own advantage, by speeding up technological innovation and market development, market competition and continuously enhanced, and the industry-leading companies to shorten the gap between the battery plates and components, production and sales volume annual growth, market share steadily. According to the China Renewable Energy Society of Professional Committee of optical position, the 2008 production of the company has entered the top 10 in the same industry.
Two-driven R & D and management
As the new energy solar cell industry leaders, independent research and development sunflower not only has advantages in technology, in management, also has significant advantages.
Information, sunflower established short time, but constantly increasing in recent years, scientific research, through independent research and development, technical strength gradually increased scale of operations continues to expand, 2008, the company has entered the country before the battery output 10. Has mastered the production of photovoltaic cells are all key technologies, including self-developed micro-structure of cell surface processing, battery diffusion gettering, passivation and anti-reflective body cells, solar battery back field, selective emitter solar cell proliferation core technology, crystalline silicon, the average conversion rate of battery products has reached about 17.5%, in the domestic counterparts in the leading level. In 2009, the company took the lead in the industry and foreign joint photovoltaic system installers to undertake the design and installation of photovoltaic power station, the business chain has been further extended. At the same time as the national high-tech enterprise, the company assumed the “thin monocrystalline silicon solar cell R & D efficiency,” State Torch Program projects and “high-efficiency solar cells and modules R & D”, “6inch large-size high-efficiency crystalline silicon solar cells and modules development “and a number of major scientific and technological projects in Zhejiang Province of technology development. In addition, the company with Zhejiang University State Key Laboratory of Silicon Materials, Japan’s leading PV solar cell research and other research institutions at home and abroad to maintain a technical cooperation, efforts towards the conversion rate to 18% of the target.
In management, sunflower increased scale of business soon, the total assets of the company nearly three years compound annual growth rate of 86%, operating income of 74% compound annual growth rate. Mainly due to rapid growth the company has an experienced, skilled management team. In production, R & D, sales and other aspects of key management personnel are more than ten years and photovoltaic cells industry related working experience, and in the preparation of photovoltaic cell materials, process control, production management, system applications has accumulated a rich theoretical and practical experience. Meanwhile, the company management team with the Japanese PVGSolutions Co., Ltd. of Japan Yinteruisi cooperation and exchange, both to improve the technical level, but also optimize the procurement, production, marketing system, thus producing a substantial increase in efficiency and management level, as to maintain good growth has provided a guarantee. Which, in the areas of market development, the company has won the European Union battery products have TUV certification, U.S. UL authentication and AAA grade China Quality Credit Enterprise qualifications, and through Germany, France, Spain, Italy, Australia, the United States and other countries, recognized the many audit clients ; in technology research and development, corporate participation and sponsorship of a number of major research projects, and won many provincial and municipal science and technology awards dell Vostro 2510 battery dell Vostro A840 battery .
Moreover, China in overseas capital markets, the dozen or photovoltaic companies use their capital scale advantages, mostly from imported equipment and production technology, equipment and technology into the higher cost but 本 company despite the relative strength Bu Zi Ben Strong, But the advantages of using its own technology research and development in recent years has been to speed up transformation of photovoltaic production equipment, has been able to produce ranging from 175W to 250W solar modules of multi-class products, automated production equipment has reached 70%. Therefore, compared with similar companies, the company is relatively smaller investment in fixed assets, equipment, efficiency is relatively higher.
Raise funds to enhance the competitive ability
From the current situation, photovoltaic cell power generation adequacy, cleanliness, safety, and maintenance of extensive advantages in wind power, ocean power, biomass power generation, renewable energy has many important status, is recognized as an important new source of energy in the 21st century, according to the development of China PV industry research report, the future of alternative renewable energy will steadily increase the ratio.
With the rapid growth of the global PV market, sunflower production grew rapidly, respectively in May 2006, May 2008, June 2009 25MW production line put into operation, 50MW production line, 100MW production line.
Sunflower said the raised funds in this investment project should be prioritized in the order of project funds, mainly in the annual output of 200MW solar cell production line replenishment of the second phase of the project (an annual output of 100MW of solar cells and modules).
Data show that the total investment 249.49 million yuan, including fixed assets investment of 209.49 million yuan, circulating fund is 40 million yuan. The 12-year period of the project, including construction period of 2 years and operation period of 10 years. Upon completion of this project, a normal year will be an annual production of 100MW Enterprise photovoltaic cells, the formation of projected annual sales of 1.53 billion yuan, total profit of 140.539 million yuan, after-tax investment recovery period is 4.32 years (including construction period), after-tax internal rate of return of 41.20%, profit and loss balance point of 29.39%.
Sunflower said, this construction investment projects to raise funds, will significantly increase the company’s fixed assets, completion of the project is expected to increase by about a normal year about 17.81 million yuan depreciation, so investment in this fund-raising project, the annual depreciation expense would have more significant increase. As the project to be implemented through the construction period and investment payback period, short-term increase in depreciation charges on company profits has some influence, but with the scale of production and sales of the company significantly expanded to include the proportion of fixed costs, including depreciation costs will gradually reduced, the company will continue to maintain a benign solar cell manufacturing business trends, maintain their profitability is not affected.
The raised funds are available, the project is completed to the full up production takes time, a short time, the company’s net profit may not be synchronized growth, return on equity will also have decreased greatly. Implementation of the project, the company will significantly reduce the debt ratio will be beneficial to companies to improve the existing financial structure, reduce financial risk dell Vostro 1710 battery dell Vostro 1720 battery .
In addition, the Sunflower products are exported to European countries, this fund-raising project, the company’s total capacity will reach 275MW. The company will continue to strengthen international market development. The company has established in Europe, the Austrian office, the company plans in the United States, South Korea, additional sales offices in Europe and America continue to promote product sales, while stepping up in Australia, South Korea and other emerging markets to promote and to expand the domestic market . Company will actively expand customer reach, improve customer structure. In addition, the company will actively with the international well-known power plant design, power plant installation companies to cooperate together to form teams to undertake Photovoltaic Systems Engineering.
Insiders pointed out that the sunflower market will help to enhance the company’s social reputation and influence, and establish good corporate brand image. Sunflower solar industries in which the characteristics of the company should determine the scale for efficiency, the use of this to raise funds to expand the scale of business of the company plays an important role, and help enhance the company’s research and innovation capacity, in order to achieve established business goals and provide a solid financial support to enhance the company’s sustainable development.
At the same time, raise funds through public sunflower, can increase the size of the company share capital, to improve the company’s balance sheet ratios, optimizing capital structure, lower cost of capital for the company’s long-term stable development of strong support. And further improve the corporate governance structure is also conducive to companies subject to public supervision, the promotion of the company in production and management, product quality and enterprise management, standardized operation of modern enterprise system, the company has laid a solid foundation for further development dell Vostro 1700 battery .
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