Continue to expand the optical capacity of photovoltaic capacity, Jingke Energy intends to issue 10 billion yuan of convertible corporate bonds to unspecified objects

On July 28, 2022, Jingke Energy (JKS.US), a listed company in the US stock market, announced that the affiliated company Jiangxi Jingke intends to issue convertible corporate bonds to unspecified objects, and the total amount of funds raised should not exceed 10 billion yuan.

The company currently owns about 58.62%of Jiangxi Jingke, and has a special priority subscription right to subscribe for partial convertible bonds.

The convertible bond will be listed on the Shanghai Stock Exchange's science and technology board, with a duration of six years, and can be converted to ordinary shares of Jiangxi Jingke. The net raised funds after deducting the issuance fee will be used to invest in the annual output of 11GW high -efficiency battery production line project; the annual output of Jingke photovoltaic manufacturing Co., Ltd. Period 8GW high -automated component project; annual output of 5GW solar components and 5GW solar cell production line projects; and supplementing mobile funds.

In September 2020, Jingke Energy announced that the company plans to be listed on the Shanghai Stock Exchange Science and Technology Board after a certain internal reorganization of Jiangxi Jingke.

On January 26, 2022, Jingke Energy was listed on the science and technology board with stock code "688223.SH".

After the science and technology board was listed, Jingke Energy increased its investment in photovoltaic projects. On March 18, 2022, Jingke Energy Disclosure signed two photovoltaic project investment agreements, with a total investment of about 20.8 billion yuan. Component aluminum profile project.

Jingke Energy said that the signing of the project investment agreement is conducive to the company's ability to seize the development of photovoltaic market, further enhance the company's capacity scale and vertical integration, continuously improve market competitiveness, and meet the company's long -term development planning.

From 2019 to 2021, the company's shipments increased rapidly. The company's operating income was 29.49 billion yuan, 33.66 billion yuan and 40.57 billion yuan, respectively, with a compound growth rate of 17.29%. In 2020, the net profit declined; in 2021, as the company continued to enhance vertical integration capabilities and the scale of shipments further expanded, the company achieved net profit of 1.14 billion yuan, an increase of 9.48%year -on -year.

According to Jingke Energy (688223.SH) in the first quarter of 2022, the company realized operating income of 14.681 billion yuan, an increase of 86.42%year -on -year; net profit was 401 million yuan, a year -on -year increase of 66.39%.

As of the closing of the Eastern Time on July 28, Jingke Energy (JKS.US) rose 2.7%to $ 65.33. Today's A -share opening, Crystal Energy (688223.SH) has increased by more than 2%.

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