Solar energy lamps and lanterns of the PERC battery technology leader love xu backdoor listings

Editor's note: recently, the Shanghai love xu new energy co. , LTD. , on December 27, 2019, successfully listed, securities referred to as 'by & other; ST a new & throughout; Change to & other; ST love xu & throughout; 。

on December 24, a new energy co. , LTD. Shanghai love jerry issued 'about changing the announcement of the securities referred to as' ', will the company securities referred by & other; ST a new & throughout; Change to & other; ST love xu & throughout; , formal change date for December 27, 2019, the securities code & other; 600732' Remain the same. It is reported, this changed its name, is the result of science and technology co. , LTD. Of guangdong love xu backdoor listing plan.

announcement, according to the material assets reorganization of ST new Maine, solar portal, equity structure, the main business, business scope are significant changes occur, respectively held on November 25, the 7th 14th temporary meetings of the board of directors, held on December 11, 2019, the second temporary general meeting of shareholders, held on December 23, the eighth session of the second meeting of the board of directors reviewed and adopted the 'about changing the name of the company's bill', 'about changing the bill of the company business scope', 'about changing the bill of securities referred to as' etc.

in September this year, solar net, ST new xu mei and love science and technology to complete the material assets reorganization. ST new plum, business with all of its assets and liabilities and love xu technology equivalent part of the underlying assets held by a shareholder for asset replacement, love xu technology value beyond the balance part of asset values, by ST new mei to the target company shareholders to issue shares to buy. Portal, at the same time, the solar energy science and technology, zhejiang love love xu xu, starting from the date of the assets reorganization of tianjin love xu included in consolidation scope.

love xu technology founded in 2009, is one of the world's largest solar battery enterprises. Love xu successful research and development of science and technology in 2017, and implement efficient PERC single-sided and double-sided battery production, become the world's first use tubular PERC technology production the PERC single-sided and double-sided battery of solar battery manufacturers. After the assets reorganization, the listed the main body will be taken from the real estate industry transformation for the photovoltaic industry, the main business into a solar battery research and development, production and sales.

for the backdoor listing, love xu said in an interview with the media, science and technology related enterprise head: it is to see the PERC solar cells to the long-term development of the trend, enterprises under the new technology revolution, comprehensive development of the technology. Love xu technology on the one hand, hope that by using capital market to enhance competitive advantage of scale, the rapid growth of the profit; Are planning on the other hand, gives relevant factories from the design capacity, research and development technology reserve more space, China solar energy network, elaborate for future growth.

according to ST three quarterly reports in 2019 released by the new may, in the first three quarters of ST a new profit margins for the 21st. 3 53%, year-on-year growth. 88%; In the first three quarters of revenue of 41. 8. 6 billion yuan, rose 50. 61%; To achieve net profit attributable to shareholders of listed companies of nearly 500 million yuan, an increase of 94. 83%. The performance of single-phase Yu Aixu science and technology in the previous case, have been great changes have taken place. According to the company to prepare for a recent issue of the audited financial statements data, solar cell business operating revenue of the last 12 months accounted for more than 99% of the business income of listed companies.

the original title: the PERC cell leader love xu backdoor listing accomplished their science and technology, solar power network