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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Singyes Solar Technologies Holdings Limited    750   BMG2161E1113

CHINA SINGYES SOLAR TECHNOLOGIES HOLDINGS LIMITED

(750)
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China Singyes Solar Technologies : ANNOUNCEMENT OF NEW ORDERS

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12/27/2019 | 09:21am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

China Singyes Solar Technologies Holdings Limited

中 國興 業 太陽能 技 術 控 股有 限 公 司

(incorporated in Bermuda with limited liability)

(Stock Code: 750)

ANNOUNCEMENT OF NEW ORDERS

The board of directors (the "Board") of China Singyes Solar Technologies Holdings Limited (the "Company") and together with its subsidiaries (the "Group") is pleased to announce the Group's orders on hand for the clean energy business.

The Group's orders for the clean energy business cover photovoltaic, wind power EPC and heat supply projects. As at the date of this announcement, the Group obtained approximately 200MW of photovoltaic EPC projects with a contract sum of approximately RMB800,000,000, which are distributed in Guangdong, Shaanxi, Guizhou, etc.; approximately 200MW of wind power EPC projects with a contract sum of RMB1,400,000,000, which are distributed in Shaanxi, Shandong, Jiangxi, etc.; and the other clean energy projects with a contract sum of approximately RMB400,000,000. These projects are planned to be commenced within 2020 and are expected to be completed by the end of December 2020.

The Group believes that after Shuifa Energy Group Limited became the controlling shareholder of the Company, it will provide more platforms and resources for the Group to expand its business.

On behalf of the Board

China Singyes Solar Technologies Holdings Limited

Zheng Qingtao

Chairman

Hong Kong, 27 December 2019

As at the date of this announcement, the executive Directors are Mr. Zheng Qingtao (Chairman), Mr. Liu Hongwei (Vice Chairman), Mr. Wang Dongwei and Mr. Chen Fushan; the non-executive Directors are Ms. Wang Suhui and Mr. Zhang Jianyuan; and the independent non-executive Directors are Dr. Wang Ching, Mr. Yick Wing Fat, Simon and Dr. Tan Hongwei.

Disclaimer

China Singyes Solar Technologies Holdings Ltd. published this content on 27 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 December 2019 14:20:05 UTC


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Financials
Sales 2019 3 307 M 497 M 497 M
Net income 2019 -995 M -150 M -150 M
Net Debt 2019 4 649 M 699 M 699 M
P/E ratio 2019 -0,86x
Yield 2019 -
Capitalization 1 216 M 182 M 183 M
EV / Sales 2018 1,63x
EV / Sales 2019 1,99x
Nbr of Employees 1 400
Free-Float 25,0%
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Managers
NameTitle
Qing Tao Zheng Chairman
Yang Yang Guo Co-Chief Financial Officer
Hong Wei Liu Vice Chairman
Ching Wang Independent Non-Executive Director
Wing Fat Yick Independent Non-Executive Director
Sector and Competitors