Recently, Zhongli Technology Group Co., Ltd. plans to use its own funds to acquire a 51% stake in Jiangsu Tenghui Power Technology Co., Ltd. held by Jiangsu Zhongding Real Estate Development Co., Ltd. After the acquisition is completed, Tenghui Power will become the company’s holding company. Subsidiaries. The realization of this acquisition plan will greatly enhance the strength of Zhongli Technology.
Zhongli Technology Group Co., Ltd. is a leading company in the field of special cables in China. The main products are fire-retardant and fire-resistant flexible cables, marine cables and special cable materials. Its major customers are telecom operators such as China Mobile, China Unicom, and China Telecom, as well as telecom equipment manufacturers such as Huawei Technologies, ZTE, Nokia-Siemens, and Datang Mobile. They have been ranked among China's top 50 communications equipment suppliers for many years.
Tenghui Power is a crystal silicon solar photovoltaic industry enterprise with a relatively complete industrial chain. Its main business is the research and development, production and sales of crystalline silicon solar cells, battery modules, and investment, construction and operation of solar photovoltaic power plants. Tenghui Power currently has an annual production capacity of 240MW solar cells and 60MW modules. By the end of 2011, it will have a production capacity of 1000MW solar cells and 1000MW modules.
With the acquisition of Tenghui Power, Zhongli Technology aims to further expand the company's development space, realize the coordinated development of photovoltaic, photovoltaic cable and power station construction, increase the profitability of the company, and realize the long-term development of the company.
The equipment imported by Tenghui Power since its inception is all the most advanced automatic crystal silicon solar cell and module production equipment in the world. Compared with traditional photovoltaic companies, it can significantly reduce staffing and thus has greater human cost advantages. Signed a long-term supply agreement with the upstream supplier at an immediate discounted price. The agreement also establishes a stable material supply channel while ensuring the preferential cost price of the lock-in; the company also has a management team with extensive industry experience for the project. Successful operation provides protection. Tenghui Power currently has an annual production capacity of 240MW crystalline silicon solar cells and 60MW components. By the end of 2011, Tenghui Power will have an annual capacity of producing 1000MW crystalline silicon solar cells and 1000MW components, making it one of the top companies in the domestic photovoltaic industry. .
Through this acquisition, Zhongli Technology will smoothly enter the photovoltaic industry. Photovoltaic (PV), as an important new energy source, has good market development prospects. Through the acquisition of the company's photovoltaic components - photovoltaic cables - power plant construction industry chain, resulting in a synergistic development effect; Tenghui power can be fully shared after the acquisition is successful. The market channels of Lee & Tech are actively expanding the electricity market. At the same time, with the help of the platform of the listed company, Tenghui Power is more convenient in terms of financing, talent introduction and brand building. It can promote the rapid development of Tenghui Power and share the fruits of the rapid development of the solar photovoltaic industry. Further enhance the company's overall strength.
Tenghui Power's actual controllers Wang Baixing and Jiangsu Zhongding's commitment to Tenghui Power's 2011 net profit of at least 31.3 million yuan, 2012 net profit of at least 263.81 million yuan, 2013 net profit of at least 36625 million yuan, will significantly improve the company's Profitability.
Zhongli Technology has gradually established a relatively complete sales network. The company can effectively reduce production costs by adopting fully automated production equipment and establishing stable supply channels with upstream suppliers.
Zhongli Technology Group Co., Ltd. is a leading company in the field of special cables in China. The main products are fire-retardant and fire-resistant flexible cables, marine cables and special cable materials. Its major customers are telecom operators such as China Mobile, China Unicom, and China Telecom, as well as telecom equipment manufacturers such as Huawei Technologies, ZTE, Nokia-Siemens, and Datang Mobile. They have been ranked among China's top 50 communications equipment suppliers for many years.
Tenghui Power is a crystal silicon solar photovoltaic industry enterprise with a relatively complete industrial chain. Its main business is the research and development, production and sales of crystalline silicon solar cells, battery modules, and investment, construction and operation of solar photovoltaic power plants. Tenghui Power currently has an annual production capacity of 240MW solar cells and 60MW modules. By the end of 2011, it will have a production capacity of 1000MW solar cells and 1000MW modules.
With the acquisition of Tenghui Power, Zhongli Technology aims to further expand the company's development space, realize the coordinated development of photovoltaic, photovoltaic cable and power station construction, increase the profitability of the company, and realize the long-term development of the company.
The equipment imported by Tenghui Power since its inception is all the most advanced automatic crystal silicon solar cell and module production equipment in the world. Compared with traditional photovoltaic companies, it can significantly reduce staffing and thus has greater human cost advantages. Signed a long-term supply agreement with the upstream supplier at an immediate discounted price. The agreement also establishes a stable material supply channel while ensuring the preferential cost price of the lock-in; the company also has a management team with extensive industry experience for the project. Successful operation provides protection. Tenghui Power currently has an annual production capacity of 240MW crystalline silicon solar cells and 60MW components. By the end of 2011, Tenghui Power will have an annual capacity of producing 1000MW crystalline silicon solar cells and 1000MW components, making it one of the top companies in the domestic photovoltaic industry. .
Through this acquisition, Zhongli Technology will smoothly enter the photovoltaic industry. Photovoltaic (PV), as an important new energy source, has good market development prospects. Through the acquisition of the company's photovoltaic components - photovoltaic cables - power plant construction industry chain, resulting in a synergistic development effect; Tenghui power can be fully shared after the acquisition is successful. The market channels of Lee & Tech are actively expanding the electricity market. At the same time, with the help of the platform of the listed company, Tenghui Power is more convenient in terms of financing, talent introduction and brand building. It can promote the rapid development of Tenghui Power and share the fruits of the rapid development of the solar photovoltaic industry. Further enhance the company's overall strength.
Tenghui Power's actual controllers Wang Baixing and Jiangsu Zhongding's commitment to Tenghui Power's 2011 net profit of at least 31.3 million yuan, 2012 net profit of at least 263.81 million yuan, 2013 net profit of at least 36625 million yuan, will significantly improve the company's Profitability.
Zhongli Technology has gradually established a relatively complete sales network. The company can effectively reduce production costs by adopting fully automated production equipment and establishing stable supply channels with upstream suppliers.
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