Peel three LED accelerate the development of photovoltaic industry

An optoelectronic November 11th evening announcement, the company decided to 589 million yuan will be a wholly owned subsidiary of Japan core Photovoltaic Technology Co. Ltd (hereinafter referred to as "core, PV) 100% equity transfer to Xiamen aviation longhui High-tech Industry Co. Ltd. (hereinafter referred to as" AVIC longhui "). All proceeds from the transfer of equity are used to supplement the company's liquidity.

Core solar PV is mainly engaged in high-power solar power generation business, the main high-power solar concentrator solar cells, chips, batteries, power generation modules and systems R & D, production, and self built solar power station. Transferee Wing Fai was founded in October 30, 2014, the legal representative for Ye Jiayu.

After the audit, on the core of photovoltaic 2013 annual sales revenue of 160 million 54 thousand and 700 yuan, net profit of 65 million 402 thousand and 100 yuan; as of December 31, 2013, on the core of PV was 2 billion 560 million 586 thousand and 500 yuan of total assets, total liabilities 1 billion 973 million 980 thousand and 400 yuan, net assets of 586 million 606 thousand and 100 yuan.

The company said Sanan optoelectronics, solar energy products facing fierce market competition. At present, the company's strategic positioning is based on a new generation of high efficiency, high power semiconductor materials research and development and application, and strive to create an international competitive advantage of semiconductor materials manufacturers. Under this background, considering the company's existing business layout and core PV development situation, the company decided to transfer the core of photovoltaic equity transfer, the company will retain the GaAs solar cell epitaxy, chip and battery research and development, production and business. The implementation of the transfer of shares, the company is focused on accelerating the development of the existing main industry.

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