Trina Solar and Shuangliang Sign For 1.892 Billion Monocrystalline Silicon Wafer

PVTIME – On February 14, Shuangliang Eco-Energy Co., Ltd.(600481.SH) announced that its wholly-owned subsidiary Shuangliang Silicon Materials (Baotou) Co., Ltd. (hereinafter referred to as Shuangliang Silicon Materials) has signed a Monocrystalline Silicon Wafer Procurement Framework Contract with Trina Solar (688599.SH).

Trina Solar expects to purchase 1.892 billion monocrystalline silicon wafers from Shuangliang Silicon Materials in the duration of 2022 to 2024, with an estimated total sales amount of 15.95 billion yuan. This is a long-term sales contract, and the specific sales price and sales quantity are subject to the actual monthly purchase supplementary agreement signed.

The same day, Shuangliang Eco-Energy released another announcement on Reduction Furnace Equipment Sales Contract signed by its holding subsidiary Jiangsu Shuangliang New Energy Equipment Co., Ltd. and Gansu Guazhou Baofeng Silicon Material Development Co., Ltd. with a total amount of 262.4 million yuan.

Shuangliang Eco-Energy stated that these contracts is conducive to increasing the company’s cash flow, stabilizing the relationship between supply and demand, and improving the company’s sales revenue. It will have a positive impact on the its current and future operating performance, but the amount of impact on the operating profit of each period is still uncertain. What is more, Shuangliang Eco-Energy’s performance forecast shows that the listed company is expected to achieve a net profit of 285 million to 325 million yuan in 2021, a year-on-year increase of 107.40% to 136.50%.