On August 21st, CZYM Glass Technology Group, a leading manufacturer of AR glass coated with anti-reflective coatings and high-transmittance photovoltaic glass in China, released a feasibility analysis report on the use of proceeds from the non-public offering of A shares, and plans to increase the offering With capital of no more than 1 billion yuan, it will be used for large-size, high-power ultra-thin photovoltaic glass intelligent deep processing construction projects, large-size, high-power ultra-thin photovoltaic glass intelligent deep processing technological transformation projects, BIPV anti-glare coated glass intelligent deep processing construction projects , Technology R & D center upgrade construction projects and supplementary working capital.
The total investment of the large-size, high-power ultra-thin photovoltaic glass intelligent deep processing construction project is 513,343,900 yuan, which is mainly used to build 12 large-size, high-power ultra-thin photovoltaic glass intelligent deep processing production lines with a thickness of ≤2.0mm. Expand the scale of production and improve the intelligent level of production equipment to comprehensively strengthen the company's production and processing capabilities in photovoltaic glass products.
With the maturity of the photovoltaic product manufacturing process, the advantages of longer life cycle and higher power generation efficiency of photovoltaic double-glass modules have become increasingly apparent. The penetration rate of photovoltaic double-glass modules has increased year by year, and the company's photovoltaic glass business has also achieved rapid growth. In 2019, CZYM photovoltaic glass sales revenue was 757,382,600 yuan, a year-on-year increase of 28.70%. From January to June 2020, the company's photovoltaic glass products have maintained rapid growth under the influence of the new crown pneumonia epidemic, achieving sales revenue of 590,515,900 yuan. As the domestic situation eases and the penetration rate of double-glass module products further increases, the demand for photovoltaic glass from photovoltaic module companies will continue to expand. Therefore, it is necessary for the company to expand the production scale of photovoltaic glass, meet the needs of rapid business growth, and further enhance the company's market share and profitability.