PVTIME - Anhui Shiny Electronic Technology Company Limited (300956.SZ), a China-based company principally engaged in the research and development, design, production and sale of structural modules and related precision moulds for electronic products, announced on 4 April that one of its wholly-owned subsidiaries intends to sign an investment agreement for the production of n-type solar cells and modules with the People's Government of Shucheng County, Anhui Province, China.
According to the announcement, the company will jointly invest with the local government in new facilities and equipment for the construction of production lines to manufacture high-efficiency n-type solar cells, with an estimated investment of 1.04 billion yuan.
Moreover, the company reportedits results for the full year ended 31 December 2022, with sales of 1,372.36 million yuan compared to 1,689.63 million yuan a year ago. Its net loss was 27.94 million yuan compared to that of 63.52 million yuan a year ago. Its basic loss per share from continuing operations was 0.21 yuan compared to 0.51 yuan in the year of 2021, and its diluted loss per share from continuing operations was 0.15 yuan compared to 0.51 yuan of that in the previous year.