SJEF Wins Supporting System Bid for Mubang High-Tech’s 10GW Solar Cell Project

PVTIME – Suzhou Shijing Environmental Technology Co., Ltd. (SJEF) (SZ.301030), a company mainly engaged in the research, development, production and sale of process pollution prevention and control equipment and terminal pollution control equipment, announced on 30 January that it had won the tender for the provision of support systems for a 10GW high-efficiency solar cell production base initiated by Mubang High-Tech Co., Ltd. (SH.603398) in Wuzhou City, Guangxi Province of China.

The winning bid was estimated at 435 million yuan, representing 54.75% of SJEF’s audited operating revenue in 2021.

In addition, SJEF estimated net profit attributable to shareholders in the range of RMB 89 million to RMB 101 million in 2022, representing a year-on-year growth of 53% to 74%.