Sunflower Solar energy technology: only to be introduced to the GEM rules

May 15, Zhejiang shaoxing Robe Jiang Industrial zone. Zhejiang Sunflower Solar Energy Technology Co., Ltd. (referred to the Sun) in front of the open space, two incandescent bulbs in a solar panel on the Sun.

"The company has been preparing to find a suitable capital market as a platform to achieve better and faster development." "In the office, to the Secretary of the Sun Hu Fang, said to reporters. However, Hu Fang has only repeatedly expounded the "appropriate platform", rather than to confine their foothold to the growing business board.

"If the gem is attractive, the company will certainly go for it." Hu Fang to press again to say.

Only wait for the gem rules to be issued

March 21, 2008, "initial public offering of shares and on the GEM listing management measures (draft)" issued. March 24, Shenzhen held in Shenzhen, "Gem first management method start-ups and venture capital Institutions Symposium", the participants, including from the industry are different from the 13 entrepreneurial enterprises in charge, to the Solar branch chairman Wu Jianlong also ranked among them. From this, to the solar family "fame", become eager to chase the gem clues to the capital market research focus.

"In fact, we don't have any internal information. Hu Fang said, "Now it is the same as the market, waiting for further details to be introduced." ”

Although the wording of Hu Fang is quite deliberate, the action to the solar branch is still in intensive motion. The company is still a wholly-owned enterprises, but the joint-stock reform program has been completed, only to be introduced to the GEM rules, you can proceed according to the process, "speed will soon."

According to Hu Ming revealed that the Hong Kong businessmen wholly-owned enterprises, has introduced investment institutions to complete the joint-stock reform plan.

At present, to the solar branch has been Yen Yi CPA firm and state-ho law firm to deal with the relevant work, "Securities companies are in contact." According to the tone of Hu Fang, to the solar branch should have a relatively clear object, but he did not disclose the specific securities agencies.

Hu Fang said that the company to achieve technology, management, capital of high-speed upgrade, must get through the financing channels. Especially in the scale of production capacity, only the scale will be bigger, can reflect the scale of efficiency.

"The funds raised by the company will also be used primarily to expand capacity." Hu Fang said.

On March 24, the "Gem of the first management method start-up enterprises and venture capital" forum, Wu Jianlong, chairman of the Sun, said that if the current distribution pricing model does not improve, they will consider abandoning the gem listing.

People familiar with the situation to reporters, although to Nigonko in whether or not to enter the gem is still noncommittal, but the company has been in accordance with the relevant procedures in the carding of various aspects of the structure, as long as the accident does not appear too large, to the solar branch landing gem should be no doubt.

Capacity target 575 MW

The materials provided to the solar section show that, on the basis of the average photoelectric conversion rate reached the international advanced level, Hong Kong excellent international Investment Group in 2004 to locate the historical and cultural city of Zhejiang Shaoxing, investment in the formation of Zhejiang Sunflower Solar Energy Technology Co. "The company is an international advanced level of photovoltaic energy product development and manufacturing enterprises." ”

According to the reporter understands, Hong Kong excellent Creation's chairman is also Wu Jianlong. Wu Jianlong is Shaoxing Zhuji person, under the under also has the real estate, the chemical industry, the pharmacy and so on many enterprises, mostly concentrates in Shaoxing local. One of his Zhejiang Shellfish Pharmaceutical Co., Ltd. and to the Solar division adjacent.

Local people familiar with the situation said, Wu Jianlong in a visit to the use of new energy, that energy-saving environmental protection products in the future world will certainly be the way, and decided to invest in the solar project.

was founded in March 2005, the total investment of 26.7 million U.S. dollars, registered capital of 11.57 million U.S. dollars, the current registered capital has expanded to 44 million U.S. dollars. The nature of the company is Hong Kong-owned enterprises.

In April 2006, it was put into operation, which mainly produced 5-inch (125mmx125mm), 6-inch (156mmx156mm) crystalline silicon solar cells and 160 watts, 170 watts, and 180 watts solar modules.

"Initially, the company was 25 MW in size. Hu Fang said the company decided to increase its capacity by 50 MW by December 2007, because of the shortage of products, which has reached 75 MW.

According to the plan for the development of the Solar department, the company plans to add another 100 MW of capacity, the new plant on the company side, is currently under cover, is expected to be completed by the end of 2008, when the capacity will reach 175 MW. If successfully listed by the end of 2008, the production capacity will reach 375 MW by the end of 2009 and 575 MW at the end of 2010.

Hu Fang said, 575 MW capacity is the company's current planning to the target, as to whether the future will continue to expand, it depends on the company and the overall market development trend.

Yusianming, general manager of Nigonko, said, "the company is a very steady step." In the beginning, the company launched a small number of capacity, and found that all aspects of the situation can be expanded gradually.

"In fact, the company's order this year is already full. Yusianming told reporters that if they wanted to, the orders to the Solar division can be ranked to 3 years later, but limited by the scale, the company should not be next.

To the solar branch is expected, the company 2008 main business income of 1.5 billion yuan, profit of about 150 million yuan. In 3 April this year, the company achieved a monthly profit of more than 10 million yuan.

In contrast to this, in December 2005, Wuxi Suntech landed in the NYSE. 2007, Suntech completed production of 360 MW, forming 540 MW production capacity, to achieve sales revenue of over 10 billion yuan.

Combination of management and technology

At present, the products to the solar branch are mainly exported to Europe, as well as Southeast Asia and other fields. The company has obtained the European TUV certification, and is applying for the United States UL certification. "In short, the qualifications required by this industry have been basically made to the solar family," he said. Yusianming said that after the application of UL certification, the company's products will also enter the United States.

According to the introduction, to Nigonko in both inside and outside the procurement, due to the increase in raw material prices, the company has the original market procurement, now to advance the form of procurement, of which the largest expenditure is wafer procurement, accounting for about 80% of the cost.

Compared to the industry, including Wuxi Suntech, including a number of similar enterprises, Yusianming Tan Chen, for downstream manufacturers, the difference between their products is not big, "just in the production process and key points on the difference, but does not affect the use of downstream."

Since for buyers, the product is not very different, then the production enterprises must rely on low-cost and reliable technology, in order to win in the competition.

In Yusianming's view, the solar industry is different from the traditional industry, "very particular about the combination of management and technology." He stressed that environmental management, production process management is very important, team experience, understanding of the industry is the key tool to win.

"To the solar products price, quality, service commitment are very competitive." "Yusianming said.

According to him, the team to the solar family mainly from Ningbo, where in the late 80, the establishment of a solar power plant, with more than 20 years of experience.

"There may be gaps in other industries, but China is not weaker than any other country in terms of solar energy," he said. Yusianming cautioned that because of the industry's involvement in aerospace and other fields, China began research and development at an early time.

For this industry to face the competition, Yusianming that the current solar energy market has just started, the development of space is huge, at least within 5 years will be high-speed development, so there is not too much competition. But to the solar family, if not one of the top, is certainly the highest.

Even so, the Nigonko is determined to strengthen research and development efforts. Dong Hu Fang Ming said that the company intends to invest 20 million yuan in the team, in the research and development of equipment to invest 60 million yuan.

To Nigonko also said that 2008 will invest 25 million yuan, to improve product conversion rate, and further promote the application of photovoltaic energy products.