Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Chaori Solarís Initial Public Offering on Shenzhen Stock Exchange

Abstract:
Shanghai Chaori Solar Energy Science & Technology Co., Ltd was listed on Shenzhen Stock Exchange on November 18th, 2010 (stock code 002506).

Chaori Solarís Initial Public Offering on Shenzhen Stock Exchange

Shanghai | Posted on January 5th, 2011

66 million shares were sold on the open market with a price of 36 RMB* per share, amounting to a total of 2.376 billion RMB. After listing, the earning per share (EPS) is 0.62 RMB.

The capital raised from the IPO** will be used to fund the following initiatives:

Firstly, to set up a new production line for 100MW polycrystalline cells (ingot to cell) in Luoyang and 50MW monocrystalline cells (wafer to cell) in Shanghai.

Secondly, to expand the capacity of modules by 100MW. The new capacity in 2011 will increase to 500MW. Expanding the cells and modules will not only resolve difficulties with supply to the cells, but will also meet the increasing needs of clients - thereby overcoming two significant obstacles for the company's development.

Thirdly, to develop the R&D*** centre. With more financial support, Chaori Solar will improve the existing manufacturing equipment and promote the research of new products, which gives Chaori Solar competitive strength on the market.

Fourthly, increasing the essential circulating capital, thus improving solvency and financial conditions.

Lastly, this IPO will help Chaori Solar extend the business of building solar park structures (wider projects than traditional solar sales) and, therefore, become a fully vertically integrated solar company through the integration of the upstream value chain.


*RMB = the Renminbi, the official currency of the People's Republic of China
** IPO = Initial Public Offering
***R&D = Research & Development

####

About Chaori Solar
Founded in 2003, Shanghai Chaori Solar Energy Science & Technology Co, Ltd. is one of the first Chinese companies to concentrate on the photovoltaic industry. With an initial investment focused on the research and development of crystalline silicon cells, solar panels and photovoltaic systems, Chaori Solar has evolved as one of the most recognized names in producing quality solar cells and modules. With offices in China and Germany, the company is dedicated to the design, installation and operation of solar products in the photovoltaic value chain. With numerous certifications highlighting the companyís commitment to producing high quality solar products including the IEC, UL and TUV, the company supplies their products to both established and emerging markets worldwide. Chaori Solarís annual capacity of solar cells reaches 225MW and 300MW for solar modules.

For more information, please click here

Contacts:
Tanya Otis
Open2America
www.open2america.com
Phone: 403-452-6506


Dalyce Suanez
Open2America
www.open2america.com
Phone: 403-802-1167

Copyright © Chaori Solar

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Nanotech could rid cattle of ticks, with less collateral damage September 1st, 2015

Scientists 'squeeze' light one particle at a time: A team of scientists have measured a bizarre effect in quantum physics, in which individual particles of light are said to have been 'squeezed' -- an achievement which at least one textbook had written off as hopeless September 1st, 2015

Using ultrathin sheets to discover new class of wrapped shapes: UMass Amherst materials researchers describe a new regime of wrapped shapes August 31st, 2015

New material science research may advance tech tools August 31st, 2015

Announcements

Nanotech could rid cattle of ticks, with less collateral damage September 1st, 2015

Scientists 'squeeze' light one particle at a time: A team of scientists have measured a bizarre effect in quantum physics, in which individual particles of light are said to have been 'squeezed' -- an achievement which at least one textbook had written off as hopeless September 1st, 2015

An engineered surface unsticks sticky water droplets August 31st, 2015

New material science research may advance tech tools August 31st, 2015

Financial Reports

Small but heading for the big time: Nanobiotix half year results for the six months ended 30 June 2015, in line with expectations: Major clinical achievements and corporate developments August 28th, 2015

Nanostart AG: First-half figures 2015 published and new supervisory board elected : Publication of first-half figures 2015 - Shareholders' meeting elected new supervisory board August 22nd, 2015

Industrial Nanotech, Inc. CEO Announces PCAOB Audit, Next Generation Of Current Products, New Products, New Website, New Global Outreach Program August 11th, 2015

Harris & Harris Group Reports Financial Statements as of June 30, 2015, and Announces a Stock Repurchase Program August 10th, 2015

Energy

Artificial leaf harnesses sunlight for efficient fuel production August 30th, 2015

Nanocatalysts improve processes for the petrochemical industry August 28th, 2015

Nanotechnology that will impact the Security & Defense sectors to be discussed at NanoSD2015 conference August 25th, 2015

Industrial Nanotech, Inc. Provides Update On Hospital Project, PCAOB Audit, and New Heat Shieldô Line August 24th, 2015

Solar/Photovoltaic

Artificial leaf harnesses sunlight for efficient fuel production August 30th, 2015

CWRU researchers efficiently charge a lithium-ion battery with solar cell: Coupling with perovskite solar cell holds potential for cleaner cars and more August 27th, 2015

Novel nanostructures for efficient long-range energy transport August 21st, 2015

Charge transport in hybrid silicon solar cells August 17th, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic