Shulou(Shulou.com)11/24 Report--

CTOnews.com Sept. 4, Shanghai Electric official account announced that Shanghai Electric Group Hengxi Photovoltaic Technology (Nantong) Co., Ltd. and Ningbo Xingsheng Photovoltaic Technology Co., Ltd. signed a strategic cooperation agreement and signed the first supply order contract for photovoltaic modules to enter the new energy market on behalf of Shanghai Electric's first photovoltaic module products. According to the agreement, Xingsheng Photovoltaic will purchase at least 20MW high-efficiency photovoltaic modules from Shanghai Electric Hengxi Photovoltaic every year.

CTOnews.com learned from the official that Shanghai Electric established Shanghai Hengxi Photovoltaic Technology Co., Ltd. in late May this year, and cooperated with ideal Wanlihui Semiconductor equipment (Shanghai) Co., Ltd., jointly launched 600MW heterojunction photovoltaic equipment.

Shanghai Electric previously released a semi-annual report that total operating income in the first half of the year was 53.078 billion yuan, up 5.5% over the same period last year. During the reporting period, the company's gross profit margin was 17.9%, an increase of 0.9% over the same period last year. During the reporting period, the net profit belonging to the shareholders of the parent company was 590 million yuan, compared with-991 million yuan in the same period last year.

During the reporting period, Shanghai Electric added 82.01 billion yuan of orders, including 49.46 billion yuan for energy equipment (7.82 billion yuan for nuclear power equipment, 22.68 billion yuan for coal-fired power generation equipment, 6.21 billion yuan for energy storage equipment and 3.08 billion yuan for wind power equipment), 214.3 yuan for industrial equipment and 11.12 billion yuan for integrated services.

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