PVTIME – On June 13, Hainan Drinda Automotive Trim Co., Ltd. (hereinafter referred to as Drinda) (002865.SZ), a China-based company develops, produces, and sells plastic interior and exterior auto parts, announced that it intends to participate in the bidding for the 33.97% equity of Shangrao Jietai New Energy Technology Co., Ltd (hereinafter referred to as Jietai Technology), which was publicly listed and transferred by Shangro PV Industry Center on the Jiangxi Provincial Equity Exchange Institution.
This is the second time for Drinda to bid for the equity of Jietai Technology since it acquired 51% stake in Jietai Technology for 1.434 billion yuan in July 2021. Drinda will hold 84.97% of Jietai Technology’s equity if it wins the bid this time, and then the company will further develop its PV business, enhancing its operation capacity, and reducing relevant risks. The net profit attributable to shareholders of the parent company of the listed company is expected to be further increased, and the business scale and profitability of the listed company will be improved.
Jietai New Energy is one of the most advanced solar photovoltaic cell manufacturers in China, with a current annual production capacity of about 8.2GW, ranking among the top five independent solar cell manufacturers listed on A-shares in terms of production capacity.