The development history of Wuxi Suntech Solar Power Co., Ltd.

Introduction Development History of Wuxi Suntech Solar Power Co., Ltd. Suntech products are highly appreciated around the world and are widely used in communications, radio and television, transportation, petroleum, lighting and other industries. Shang Degong

The development history of Wuxi Suntech Solar Power Co., Ltd.

Suntech products are loved all over the world and are widely used in communications, radio and television, transportation, petroleum, lighting and other industries. Suntech actively participated and undertook the World Bank Project, Western Bright Project and 2008 Beijing Green Olympics Project (solar power supplier for Bird's Nest Project, the main stadium of the Olympic Games). Its excellent productivity and product quality have been good. received by domestic and foreign markets. While the company is committed to the localization of the photovoltaic industrial chain and the large-scale development of photovoltaics in China, it also strives to accelerate the pace of large-scale industrialization research in second generation polycrystalline silicon thin film solar cells and maintain its leadership ttechnology in the photovoltaic industry.

Wuxi Suntech Solar Power Co., Ltd. completed the installation of its first polycrystalline silicon solar cell production line in September 2002. The company received a $6 million grant from the Wuxi municipal government a year before its establishment. The initial production scale was very limited, only 10 MW. Since its establishment, Wuxi Suntech Solar Power Co., Ltd. has experienced rapid development and become the fourth largest solar cell manufacturer in the world. Its production volume reached 270 MW in 2006 and is expected to reach 470 MW in 2007.

The company's main competitors are the Japanese Sharp and Kyocera, as well as the German Q-cells. Suntech Power is targeting 2010 and plans to reach a production volume of 1,000 units, at which point it will become one of the world's three largest solar power manufacturers.

The company was listed on the Stock Exchangeof New York on December 14, 2005, with an issue price of US$15 per share. Market value: 197 million (USD)

Urgent. Who knows the market price and stock code number of Wuxi Suntech Solar?

1. JinkoSolar Co., Ltd.

2. JA Solar Technology Co., Ltd.

3. Trina Solar Co., Ltd.

4.

5. Longi Green Energy Technology Co., Ltd.

6. Oriental Risheng New Energy Co., Ltd.

7. Wuxi Suntech Solar Power Co., Ltd.

8. Zhejiang Chint New Energy Development Co., Ltd.

9. GCL Integrated Technology Co., Ltd.

10. Tangshan Haitai New Energy Technology Co., Ltd.

Note:

Due to the low output voltage of single-chip solar cells and unpackaged batteries, the electrodes are easily detached due ton from the influence of the environment.Thus, a number of monolithic cells need to be sealed in solar cell modules in series or parallel to avoid corrosion of battery electrodes and interconnection lines. In addition, the packaging also prevents battery breakage, making outdoor installation easier and improving packaging quality. determines the lifespan and reliability of solar cell components.

The solar cell module is made of high-efficiency crystalline silicon solar cells, ultra-white fabric grain tempered glass, EVA, transparent TPT backsheet and an aluminum alloy frame. It has the characteristics of long service life and strong mechanical resistance to external pressure.

The structural forms of conventional solar cell modules include the following: glass shell structure, b modulebottom case, flat plate module and fully glue sealed module without cover.

1. Suntech Solar (stock code: STP) Wuxi Suntech Solar Power Holdings Co., Ltd. issued an initial public offering of 26.38 million American depositary receipts priced at $15. Suntech's American depositary receipts began trading on the New York Stock Exchange on December 26, 2005, under the symbol STP.

2. The New York Stock Exchange announced that Suntech Power had “entered the delisting process” and “will make a decision to suspend trading” before the U.S. stock market opens on Monday. time. Affected by this news, Suntech Power plunged again by almost 40% at the start of trading last Friday, after falling 30% in a single trading day last Thursday. As of the last trading day of last week, Suntech Power closed at US$0.53 per share. Reuters previously analyzed that Suntech Power driveswould be the result of “delisting”. The deregistration of Suntech Power is regrettable. A few years ago, when the local government heavily promoted Suntech and Shi Zhengrong, no one might have thought that Suntech would meet such an end. However, some analysts believe that the delisting of Suntech Power will not affect the recovery of China's photovoltaic industry - Southwest Securities released a research report on the solar photovoltaic industry on November 6, saying: "As the photovoltaic industry has gradually emerged from the haze since the last In the second half of the year, enterprise income gradually recovered, profitability gradually improved, and the turning point of the industry was initially confirmed "This n This is not the first time that Suntech Power has faced delisting. As early as September last year, the New York Stock Exchange issued a delisting warning becausee Suntech Power's stock price had remained below US$1 per share for 30 consecutive trading days. However, the company later took various self-rescue measures to bring the stock price back. return above US$1 per share, thus avoiding a forced delisting.

3. Therefore, it is reported that Michael Nakson said: "Suntech will focus on developing installation services for photovoltaic products and may outsource production, although Suntech has not been able to do so in terms of cash and asset flows. and responsibilities, However, the company believes that it is still possible to complete the restructuring and restore the solvency of Suntech and its subsidiaries.

Subsequently, the New York Stock Exchange declared on November 8 that Suntech and its subsidiaries. are currently undergoing restructuring. Additionally, Suntech is still organizing the new submittedsion of its 2010 and 2011 annual financial reports, and it is uncertain whether the company will be able to submit its annual report for the 2012 financial year on time. mentioned above will have an impact on the company's American depositary shares, so we have made the decision to delist” Judging from the current situation, the situation of Suntech Power can only be. an “individual case”.

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