Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

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

Relieving electric vehicle range anxiety with improved batteries: Lithium-sulfur batteries last longer with nanomaterial-packed cathode April 16th, 2014

Aerotech X-Y ball-screw stage for economical high performance Planar positioning April 16th, 2014

Energy Research Facility Construction Project at Brookhaven Lab Wins U.S. Energy Secretary's Achievement Award April 16th, 2014

Malvern reports on the publication of the 1000th peer-reviewed paper to cite NanoSightís Nanoparticle Tracking Analysis, NTA April 16th, 2014

Announcements

Relieving electric vehicle range anxiety with improved batteries: Lithium-sulfur batteries last longer with nanomaterial-packed cathode April 16th, 2014

Aerotech X-Y ball-screw stage for economical high performance Planar positioning April 16th, 2014

Energy Research Facility Construction Project at Brookhaven Lab Wins U.S. Energy Secretary's Achievement Award April 16th, 2014

Malvern reports on the publication of the 1000th peer-reviewed paper to cite NanoSightís Nanoparticle Tracking Analysis, NTA April 16th, 2014

Financial Reports

Nanometrics to Announce First Quarter Financial Results on April 29, 2014 April 9th, 2014

Acid folic was used in the production of the nanogel as targeting agent in drug delivery. The nanogel can be used in the treatment of cancer as a stable nanocarrier. Stability of nanocarriers is an important issue in target delivery mechanisms. Most of nanocarriers, due to their March 17th, 2014

Arrowhead Reports Fiscal 2014 First Quarter Financial Results - Conference Call Today at 4:30 p.m. Eastern Time February 4th, 2014

Arrowhead to Report Fiscal 2014 First Quarter Financial Results - Conference Call Scheduled for Tuesday, February 4, 2014 January 28th, 2014

Energy

Engineers develop new materials for hydrogen storage April 15th, 2014

A molecular approach to solar power: Switchable material could harness the power of the sun ó even when itís not shining April 15th, 2014

Industrial Nanotech, Inc. Lands First Major Order from Pemex, Mexicoís State-Owned Oil and Gas Company April 14th, 2014

Scientists open door to better solar cells, superconductors and hard-drives: Research enhances understanding of materials interfaces April 14th, 2014

Solar/Photovoltaic

A molecular approach to solar power: Switchable material could harness the power of the sun ó even when itís not shining April 15th, 2014

Shiny quantum dots brighten future of solar cells: Photovoltaic solar-panel windows could be next for your house April 14th, 2014

Scientists open door to better solar cells, superconductors and hard-drives: Research enhances understanding of materials interfaces April 14th, 2014

Better solar cells, better LED light and vast optical possibilities April 12th, 2014

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







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE