For the new energy business development sector of photovoltaic materials, on March 16, 2022, Kibing Group issued 3 investment announcements in succession. The company plans to invest 3.12 billion yuan to build 2 new 1200td photovoltaic glass production line projects, and plans to invest 850 million yuan to build Malaysia. The quartz sand production base plans to invest 490 million yuan to build a roof distributed photovoltaic power station project.

Among them, the newly built quartz sand production base in Malaysia is planned to build a production line project with an annual output of 1.2 million tons of ultra-white quartz sand. The planned total investment is about 850 million yuan. The source of funds is self-raised by the company's wholly-owned subsidiary Chenzhou Kibing Photovoltaic Glass Co., Ltd. and financing solutions. Kibing Group stated that the construction of a quartz sand production base in Sabah, Malaysia, is to first ensure the demand and stable supply of sand for Kibing Malaysia's photovoltaic glass production line project; the second is to reduce the dependence on external purchase of silica sand and greatly improve the bargaining power of upstream purchases. , effectively control and reduce product production costs and improve product quality; third, make full use of local sand resources, deploy strategic reserves of silica sand resources in overseas photovoltaic glass production bases, and further enhance the supply guarantee of domestic photovoltaic glass silica sand resources of the Group.

Two new 1200t/d photovoltaic glass production lines will be built. The project is located in Sabah, Malaysia. The total planned investment of the project is about RMB 3.12 billion. The source is self-raised and financed by the implementing entity, and Chenzhou Photovoltaic is responsible for raising the insufficient part. The project construction period is expected to be 16 months. Kibing Group stated that the products of this project are positioned as photovoltaic glass materials. Through the group's technological advantages and high-level production process control capabilities, the company expects to use comprehensive management and control methods such as technological progress, product innovation, and effective operation management, and strive to use the shortest The project will be successfully completed and put into operation in time and put into operation as soon as possible. According to the feasibility study analysis, after the project is completed, it will help to enhance the profitability and anti-risk ability of the enterprise.

The roof distributed photovoltaic power station project is expected to have a total investment of 491.67 million yuan. The source of funds is self-raised and financing. The project has yet to obtain the approval documents from the relevant government departments. On November 29, 2021, Zhuzhou Kibing Group reviewed and approved the investment and establishment of Zhangzhou Kibing Photovoltaic Technology Co., Ltd. by its wholly-owned subsidiary Chenzhou Kibing Photovoltaic Glass Co., Ltd., which is responsible for the investment in distributed photovoltaic power generation on the roof of the group base. Zhangzhou Optoelectronics has invested and established Changxing Kibing Optoelectronics Technology Co., Ltd., Liling Kibing Optoelectronics Technology Co., Ltd., Tianjin Kibing Photoelectric Technology Co., Ltd. and Chenzhou Kibing Photoelectric Technology Co., Ltd. are four roof distributed photovoltaic power station project companies. In order to accelerate the development and overall planning of the downstream business of photovoltaic glass, optimize the company's energy use structure, promote clean and low-carbon production, and reduce electricity costs, the company plans to invest in the construction of distributed photovoltaic power generation projects in the production bases in the above-mentioned areas. The installed capacity is 143.02MWp.

Kibing Group stated that the company intends to use the roofs of factories under construction and new buildings in Changxing County, Zhejiang Province, Liling City, Hunan Province, Tianjin City, Zhangzhou City, Fujian Province and Chenzhou City, Hunan Province to invest in distributed photovoltaic power plants. First, make full use of the roofs of base plants resources, rationally utilize clean energy, improve self-generation level, enhance low-carbon competitiveness, and reduce energy consumption and electricity costs. The second is to further improve the company's photovoltaic material new energy business development sector, promote photovoltaic glass business and invest in new energy industries such as roof photovoltaic power generation, and accelerate the expansion of photovoltaic glass downstream new energy fields. Editor/Sang Xiaomei