Abstract The new power reform policy has gradually landed, the photovoltaic industry has picked up, and related supporting enterprises have also expanded. Stellar Technology recently announced that it plans to issue non-public offerings of no more than 200 million shares, and the total amount of funds raised will not exceed 1.427 billion yuan. The net proceeds raised after deducting the issuance expenses will be used...
The new power reform policy has gradually landed, the photovoltaic industry has picked up, and related supporting enterprises have also expanded. Stellar Technology recently announced that it plans to issue non-public offerings of no more than 200 million shares, and the total amount of funds raised will not exceed 1.427 billion yuan. The net proceeds raised after deducting the issuance expenses will be used to invest in the project of “12 million km of ultra-fine diamond line per yearâ€. It is understood that the total investment of the project is about 1.45 billion yuan, and the construction period is 2 years. The ultra-precision diamond wire to be produced is mainly used for cutting new materials such as solar wafer, sapphire and gallium arsenide single crystal materials, and ultra-fine diamond wire. The application market is closely related to the development of the photovoltaic industry, the application of sapphire, and the processing of new materials.
Stellar Technology predicts that after the project is put into production, it can realize sales income of 1.036 billion yuan, annual average after-tax profit of 337 million yuan, investment profit rate of 30.94%, and static investment recovery period of 6.46 years (including construction period of 2 years).
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