Aerial photo shows staff members inspecting a photovoltaic (PV) power station in Gonghe County of Hainan Tibetan Autonomous Prefecture in northwest China's Qinghai Province, Feb. 8, 2022. (Xinhua/Zhang Long)
BEIJING, April 26 (Xinhua) -- Hangzhou First Applied Material Co.,Ltd.(603806.SH), a leading solar film maker, announced Monday evening investment plans of four projects worth 1.653 billion yuan to further increase production and enhance competitiveness.
All through self-raised funds, 549 million yuan of investment is expected to be used for production facilities that boast annual capacity of 250 million square meters of solar battery encapsulation when put into use after 3-year construction.
Some 253 million yuan of investment is planned for annual production capacity of 100 million square meters of photosensitive dry film, with relevant constructions expected to take 2.5 years.
The other two come from revising investment proposals passed in 2021, the company said, specifying 492 million yuan for a synthetic resin and additives project (annual capacity 61,450 tonnes) and 359 million yuan for a flexible copper clad laminate (FCCL) project (annual capacity 5 million square meters).
All above four projects are in the preliminary preparation stage, according to the announcement.
The company generated some 12.858 billion yuan of revenue in 2021, up 53.2 percent on year. It pocketed 2.197 billion yuan of net profits in the year, up 40.35 percent on year.
It is noted that as the company's core business, solar EVA/POE film controbuted 89.85 percent of the company's revenue and 92.83 percent of the company's porfits.
(Edited by Zhong Xinpei, Niu Huizhe with Xinhua Silk Road, niuhuizhe@xinhua.org)
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