3.069 Billion Yuan! Shenzhen S.C Bags PV Equipment Orders from Top PV Company

PVTIME – Shenzhen S.C New Energy Technology Corporation (Shenzhen S.C, 300724.SZ), a fast-developing new energy equipment manufacturer with R&D capabilities in equipment and processes, recently announced a serious PV equipment supply orders signed between a leading solar company and Shenzhen S.C as well as its subsidiaries.

The orders were signed for solar cell production equipment and modification, accessories, etc. in the past twelve months, with a cumulative value of 3,068,519,700 yuan (approximately US$42 million) including tax, accounting for 55.35% of Shenzhen S.C’s audited main business income for 2022. The undisclosed customer was described in the announcement as a leading solar product manufacturer with a good reputation and strong financial strength.

In addition, in November 2023, both Shenzhen S.C and its subsidiaries entered into a twelve-month solar cell production supply agreement with Tongwei’s subsidiaries. The agreement has a cumulative value of 2.846 billion yuan (including tax) and accounts for 51.34% of Shenzhen S.C’s audited main business income for 2022.

Moreover, in January 2024, Shenzhen S.C released a performance forecast, which is expected to achieve a net attributable profit of 1.575 billion yuan to 1.85 billion yuan in 2023, an increase of 50.45% to 76.72% year on year. From 2020 to 2022, Shenzhen S.C achieved revenue of 4.044 billion yuan, 5.047 billion yuan and 6.005 billion yuan, respectively, and net attributable profit of 523 million yuan, 717 million yuan and 1.047 billion yuan, respectively.

Scan the QR code to follow PVTIME official account on Wechat for latest news on PV+ES