On August 19th, Zhongli Technology Corporation planned to acquire 51% equity of Jiangsu Tenghui Electric Power Technology Co., Ltd. for 482 million yuan, making Tenghui Power a controlling subsidiary of the company, and the company entered the solar photovoltaic industry.
According to the announcement, some of Tenghui Power's current production capacity has already been put into production. At the end of this year, 1GW of crystalline silicon solar cells and module production capacity will be formed. According to estimates, Tenghui Power will achieve sales of 750MW crystalline silicon solar modules in 2012, with an estimated sales of 5.8 billion yuan, a profit margin of 4.55%, and a net profit of 263.81 million yuan.
The shareholders and actual controllers of this transaction Tenghui Power promised that the net profit in 2011 will be at least 31.3 million yuan, and the net profit in 2012 will be at least 263.81 million yuan, and the 2013 net profit will be at least 36625 million yuan.
According to the announcement, some of Tenghui Power's current production capacity has already been put into production. At the end of this year, 1GW of crystalline silicon solar cells and module production capacity will be formed. According to estimates, Tenghui Power will achieve sales of 750MW crystalline silicon solar modules in 2012, with an estimated sales of 5.8 billion yuan, a profit margin of 4.55%, and a net profit of 263.81 million yuan.
The shareholders and actual controllers of this transaction Tenghui Power promised that the net profit in 2011 will be at least 31.3 million yuan, and the net profit in 2012 will be at least 263.81 million yuan, and the 2013 net profit will be at least 36625 million yuan.
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