A subsidiary of PV cell producer Aiko Photo voltaic intends to take part within the capital enhance of Qinghai Lihao Semiconductor Supplies to enhance the provision chain.
Zhejiang Aiko Photo voltaic Vitality Know-how will make investments RMB385 million (US$55 million) for two.78% of Qinghai Lihao’s fairness.
It’s reported that Qinghai Lihao is principally engaged in analysis and growth, manufacturing and gross sales of high-purity silicon and different semiconductor supplies. As an upstream enterprise of the PV industrial chain and one of many suppliers of Aiko Photo voltaic, its fundamental merchandise are high-purity silicon supplies.
Qinghai Lihao is planning to construct a 200,000-ton high-purity silicon mission in phases. To date, the primary section of the development mission has been put into manufacturing in 2022, and the development of the second section has begun. From January to October of 2022, the corporate’s working income was RMB845 million (US$121 million) and its web revenue was RMB492 million (US$71 million).
The announcement additionally disclosed unaudited monetary information of Qinghai Lihao. As of 31 October 31 2022, the corporate’s whole belongings have been RMB8.75 billion US$1.25 billion).
The announcement reveals that Zhuhai Runjing Enterprise Administration Partnership, a associated occasion of Aiko, has beforehand invested in Qinghai Lihao and held 11.11% of the fairness.
