741.4 Million Yuan! Shuangliang and Its Subsidiaries Bag 4 Orders From Xinte and Qiya

PVTIME – On June 1, Shuangliang Eco-Energy Systems Co., Ltd. (600481.SH), a leading PV production equipment manufacture in China, disclosed several announcements on its and subsidiaries’ new orders.

Jiangsu Shuangliang Air Conditioning Equipment Co. Ltd., a wholly-owned subsidiary of Shuangliang Eco-Energy Systems, has signed with Inner Mongolia Xinte Silicon Materials Co., Ltd. (Inner Mongolia Xinte), a wholly-owned subsidiary of Xinte Energy Co., Ltd. (HKEX: 1799), for air cooler equipment, with a contact value of 126 million yuan. It is expected to positively influence the company’s operating income and net profit this year if this contract is successfully implemented. The company is very pleased to see its air cooling system to be used in polysilicon industry, as well as improving the company’s sustainable profitability.

On the same day, Shuangliang Eco-Energy Systems and its holding subsidiary Jiangsu Shuangliang New Energy Equipment Co.,Ltd. have signed with Inner Mongolia Xinte respectively, with a total contract value of 205.4 million yuan, accounting for 5.36% of the company’s audited operating income in 2021.

What is more, the company has win the 72 pairs of rod reduction furnace equipment order of Xinjiang Qiya Aluminium and Power Co., a subsidiary of Sichuan Qiya Group, and the winning amount is about 410 million yuan.