PVTIME – On July 29, Crown Advanced Material Co., Ltd.(688560.SH), a Chinese high-tech enterprise, mainly engaged on R&D, production and sale of solar materials, lithium materials and special protective materials, disclosed that it plans to issue shares to specific objects for raising a total amount of no more than 1,675,382,500.00 yuan (included) funds, which will be used for its aluminum plastic film and BO fluorine-free backsheets projects after deducting the issuance fee.
The sales volume of photovoltaic backsheets of the company reached 80.6374 million square meters in 2021, Crown Advanced Material stated, ranking third in the industry. The sales revenue of its BO fluorine-free backsheets accounted for 57.97% of the total sales revenue of backsheets from January to March 2022. the production capacity and sales proportion of BO backsheets are expected to increase as these new projects to be fulfilled. The BO fluorine-free backsheet is more environmentally friendly than traditional solar backsheets because it is advanced from the company’s self-developed M films without fluorine film. The product is favored by overseas customers from Singapore, South Korea, India and other countries after its passed the tests of TUV and other agencies. And Crown Advanced Material would like to continuous provide high-quality and reliable BO fluorine-free backsheets for overseas customers.