Over the past two years, the majority of the PV enterprises are basically at a loss. In October, Risen energy which is the domestic GEM enterprise declared the acquisition of upstream suppliers Jiangsu SVECK new material Co., Ltd 100% stake. It is reported that SVEC is an important supplier to Risen Energy, as an enterprise that put EVA film into product development and production and marketing earlier, it has become the well-known EVA film enterprises with a strong technology leadership, product quality advantage and good customer resource.
Risen energy announced that through mergers and acquisitions, the industry chain of the company will be able to extend to upstream and enhance the level of corporate profitability.
Data shows that SVECK has owned self-developed EVA film technology eight years, the products have been sold 10 countries and regions besides China; Now it have an annual capacity of 37million square meters. The products are TUV, SGS, VDE certificated. At present, the company has built production bases and R&D centers in Shenzhen and Changzhou, it has completed economic circle of the industrial layout which pointed in the Pearl River Delta, Yangtze River Delta.
Financial data shows that in 2011, 2012, from January to August in 2013, Jiangsu SVECK achieved the approximately operating revenue of 126 million yuan, 199 million yuan & 159 million yuan; net profit was approximately 15,272,600 yuan, 37,008,600 yuan & 32.1397 million yuan, showed a strong profitability & rapid growth.