PVTIME – J.S. Corrugating Machinery Co., Ltd. (000821.SZ), a Chinese solar equipment manufacturer, announced that its wholly-owned subsidiary Suzhou Shengcheng Solar Equipment Co. (Shengcheng Solar), Ltd. will supply solar product manufacturing equipment to subsidiaries of Jinko Solar.
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The equipment order, which includes automatic assembly lines and related machinery, is valued at 444 million yuan (including tax), accounting for 9.11% of J.S. Corrugating Machinery’s audited operating revenue for FY2022 and 13.57% of Shengcheng Solar’s audited operating revenue for FY2022.
As a supplier of photovoltaic module equipment, J.S. Corrugating Machinery has grown rapidly. And its subsidiary Shengcheng Solar has grown its revenue at a high rate for six consecutive years with a CAGR of 42%, working with leading PV companies such as Tongwei Solar, GCL, Chint, LG, Sunpower, Mission and others.
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