Tuori Xinneng plans to build a subsidiary in Haixi to build a photovoltaic industry chain related production line

Tuori New Energy (002218) announced on the evening of December 2 that the company plans to invest in a wholly-owned subsidiary in Haixi Prefecture, Qinghai to build photovoltaic industry chain related production lines and develop solar thermal power station projects
。 The name of the target company is Tuori Xinneng Haixi Subsidiary with a proposed registered address of Qaidam Economic Circulation Zone, Haixi Prefecture, Qinghai Province, with a registered capital of 50 million yuan, and its business scope: research and development, production and sales of solar high-efficiency cells and modules, solar power supply systems, solar off-grid systems and solar thermal power generation equipment; Investment, construction and operation of solar photovoltaic power plants and solar thermal power plants; R&D, promotion and application
of soil improvement and modern agricultural comprehensive utilization technology.

According to the announcement, the company invested in the establishment of a wholly-owned subsidiary in Haixi Prefecture, Qinghai, and intends to make full use of Qinghai's abundant sunshine resources to develop solar thermal power stations and photovoltaic power stations; Promote the research and development, production and sales of solar high-efficiency cells and modules, solar power supply systems, solar off-grid systems and solar thermal power generation equipment; Promote the research and development and application
of soil improvement and modern agricultural comprehensive utilization technology.
This investment will further improve the company's industrial chain and enhance the company's cost control capabilities; At the same time, it is also conducive to the development of the company's business in Qinghai region, will further expand the company's domestic photovoltaic power station market, help develop the solar thermal market, enhance the company's operating scale, and ensure the healthy and sustainable development
of the company.
The announcement said that the company invested in the establishment of a wholly-owned subsidiary in Haixi Prefecture, Qinghai, and is still engaged in the company's main business, the company, as one of the earliest photovoltaic enterprises established in China, has rich experience in photovoltaic industry chain investment, production organization and operation, product quality, product certification and photovoltaic engineering experience, photovoltaic power station operation, etc.
, and the business risks are controllable
.

Industry insiders analyzed that the company has a deep layout in the photovoltaic industry chain, achieving comprehensive coverage from upstream rod pulling/ingots to downstream components and power station EPC business, while the company's production equipment self-made rate is more than 80%, has strong cost control capabilities, and the company can maintain a competitive advantage
in the case of declining industry growth.
The company has 5 production bases to complement and supplement the industrial chain, and each production base in the west has a localized cost advantage to ensure the competitiveness
of products.
The establishment of a subsidiary to build a photovoltaic industry chain related production line and develop a solar thermal power station project is not only conducive to the further development of its photovoltaic industry, but also to enter the field of solar thermal power generation, which is conducive to its gain of experience and development of related technologies, occupy the commanding heights of the solar power generation field, and lay the foundation
for future development.