Hebang Bio to Start the IPO of Its Subsidiary Wujun Solar

PVTIME – December 29, Sichuan Hebang Biotechnology Co.,Ltd. (603077.SH) (hereinafter referred to as Hebang Bio) announced that its subsidiary Sichuan Wujun Solar Energy Co., Ltd.(hereinafter referred to as Wujun Solar) has completed the share reform.

In order to make Wujun Solar specialize in the field of green energy, and achieve better and stronger development in this field, Hebang Bio plans to start the relevant planning work of Wujun Solar’s initial public offering and listing.

According to the announcement, Wujun Solar was established on July 20, 2010, with a registered capital of 452.61 million yuan. After the capital increase, Hebang Bio holds 88.38% of its shares. Its main business of Wujun Solar includes photovoltaic power generation, photovoltaic module, packaging material manufacturing, and photovoltaic glass manufacturing etc. From January to September of 2021,  Wujun Solar had operating income of 1.077 billion yuan (unaudited), and gained operating net profit of 429 million yuan.