China PV News Snippets

Dongying Economic Development Zone signs 5 GW HJT project with Shuifa Group; Shangji to invest in high-purity crystalline silicon project; JinkoSolar achieves RMB 40.5 billion operating revenue in 2021.

Shuifa & Dongying Development Zone sign PV projects: Dongying Economic and Technological Development Zone in Shandong Province and environment protection company Shuifa Group held a signing ceremony for a couple of solar projects – a 5 GW heterojunction PV cell production line, a 5 GW module production facility, and 3 GW centralized PV power station projects. This is in line with Dongying City's efforts to achieve a total scale of 12 GW photovoltaic development during the 14th Five-Year Plan.

Shangji Automation to raise RMB 6 billion: PV production equipment maker and mono-wafer company Shangji Automation announced plans to raise up to  RMB 6 billion ($0.92 billion). After deducting the issuance costs, the raised funds will be used to invest in a high-purity crystalline silicon project with an annual output of 50,000 tons and to supplement the working capital.  Earlier this month, the company had made announcements regarding its other silicon projects (see China PV News Snippets)

JinkoSolar releases 2021 financial report: Announcing its 2021 results, module supplier JinkoSolar, said it achieved an operating income of RMB 40.5 billion ($6.1 billion), a year-on-year increase of 20.53%. The net profit was RMB 531 million ($81.02 million), which was down 41.74% year-on-year; and the net operating cash flow was RMB 3.2 billion ($0.49 billion), up 28.74% year-on-year.