Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

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

Nanoscale view of energy storage January 16th, 2017

Seeing the quantum future... literally: What if big data could help you see the future and prevent your mobile phone from breaking before it happened? January 16th, 2017

NUS researchers achieve major breakthrough in flexible electronics: New classes of printable electrically conducting polymer materials make better electrodes for plastic electronics and advanced semiconductor devices January 14th, 2017

Manchester scientists tie the tightest knot ever achieved January 13th, 2017

Announcements

Nanoscale view of energy storage January 16th, 2017

Seeing the quantum future... literally: What if big data could help you see the future and prevent your mobile phone from breaking before it happened? January 16th, 2017

NUS researchers achieve major breakthrough in flexible electronics: New classes of printable electrically conducting polymer materials make better electrodes for plastic electronics and advanced semiconductor devices January 14th, 2017

Nanoscale Modifications can be used to Engineer Electrical Contacts for Nanodevices January 13th, 2017

Financial Reports

Arrowhead Pharmaceuticals to Webcast Fiscal 2016 Year End Results December 7th, 2016

Harris & Harris Group Issues Business Update and Reports Financial Statements as of September 30, 2016 November 9th, 2016

Nanometrics Reports Second Quarter 2016 Financial Results July 26th, 2016

Nanobiotix revenue for Q2 2016 July 14th, 2016

Energy

Stability challenge in perovskite solar cell technology: New research reveals intrinsic instability issues of iodine-containing perovskite solar cells December 26th, 2016

Nanoscale 'conversations' create complex, multi-layered structures: New technique leverages controlled interactions across surfaces to create self-assembled materials with unprecedented complexity December 22nd, 2016

Safe and inexpensive hydrogen production as a future energy source: Osaka University researchers develop efficient 'green' hydrogen production system that operates at room temperature in air December 21st, 2016

Going green with nanotechnology December 21st, 2016

Solar/Photovoltaic

Stability challenge in perovskite solar cell technology: New research reveals intrinsic instability issues of iodine-containing perovskite solar cells December 26th, 2016

Going green with nanotechnology December 21st, 2016

Research Study: MetaSOLTM Shatters Solar Panel Efficiency Forecasts with Innovative New Coating: Coating Provides 1.2 Percent Absolute Enhancement to Triple Junction Solar Cells December 2nd, 2016

Throwing new light on printed organic solar cells December 1st, 2016

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