Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Chaori Solar’s 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 Solar’s 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 company’s 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 Solar’s 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

JPK reports on the exciting research in the School of Medicine at Sungkyunkwan University (SKKU), Suwon, South Korea using the NanoWizard® ULTRA Speed AFM to understand the binding of transcription factor Sox2 with super enhancers November 23rd, 2017

Precision NanoSystems to host nanomedicines roundtable November 23rd, 2017

Fine felted nanotubes : Research team of Kiel University develops new composite material made of carbon nanotubes November 22nd, 2017

Report highlights opportunities and risks associated with synthetic biology and bioengineering November 22nd, 2017

Announcements

JPK reports on the exciting research in the School of Medicine at Sungkyunkwan University (SKKU), Suwon, South Korea using the NanoWizard® ULTRA Speed AFM to understand the binding of transcription factor Sox2 with super enhancers November 23rd, 2017

Precision NanoSystems to host nanomedicines roundtable November 23rd, 2017

Fine felted nanotubes : Research team of Kiel University develops new composite material made of carbon nanotubes November 22nd, 2017

Report highlights opportunities and risks associated with synthetic biology and bioengineering November 22nd, 2017

Financial Reports

Nanometrics Announces Preliminary Results for the Third Quarter of 2017: Quarterly Results Impacted by Delays in Revenue Recognition on Multiple Systems into Japan October 12th, 2017

Arrowhead Pharmaceuticals to Webcast Fiscal 2017 Third Quarter Results July 27th, 2017

Nanometrics to Announce Second Quarter Financial Results on August 1, 2017 July 14th, 2017

Arrowhead Pharmaceuticals to Webcast Fiscal 2017 Second Quarter Results April 27th, 2017

Energy

Inorganic-organic halide perovskites for new photovoltaic technology November 6th, 2017

Dendritic fibrous nanosilica: all-in-one nanomaterial for energy, environment and health November 4th, 2017

New nanomaterial can extract hydrogen fuel from seawater: Hybrid material converts more sunlight and can weather seawater's harsh conditions October 4th, 2017

Researchers set time limit for ultrafast perovskite solar cells September 22nd, 2017

Solar/Photovoltaic

Inorganic-organic halide perovskites for new photovoltaic technology November 6th, 2017

New nanomaterial can extract hydrogen fuel from seawater: Hybrid material converts more sunlight and can weather seawater's harsh conditions October 4th, 2017

Researchers set time limit for ultrafast perovskite solar cells September 22nd, 2017

Copper catalyst yields high efficiency CO2-to-fuels conversion: Berkeley Lab scientists discover critical role of nanoparticle transformation September 20th, 2017

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