¥4.342 Billion! Shangji Signs for 648 Million Silicon Wafers

PVTIME – On March 17, Wuxi Shangji Automation Co., Ltd. (hereinafter referred to as Shangji Automation) (603185.SH) announced that its wholly-owned subsidiary Hongyuan New Materials, signed a long-term sales order for monocrystalline silicon wafers with Shangrao Jietai New Energy Technology Co., Ltd. and Shangrao Hongye New Energy Co., Ltd., subsidiaries of Hainan Drinda Automotive Trim Co., Ltd.(002865.SZ), which the two subsidiaries are mainly engaged in the R&D, production and sales of solar cells, and the main products are large-sized monocrystalline PERC cells.

According to the announcement, Hongyuan New Materials will purchase a total of 648 million pieces of monocrystalline silicon wafers from the subsidiaries of Drinda (fluctuation within 20%), in the duration of March 2022 to March 2025.

What is more, this sales amount is estimated to be 4.342 billion yuan (tax included), and 38.42 billion yuan (tax excluded), with reference to PVInfoLink’s latest average price and production schedule of monocrystalline silicon wafers.