1.677 Billion Yuan! Mubang to Supply 270 Million Pieces of Silicon Wafers to Yingli Energy

PVTIME – On July 13, Jiangxi Mubang High-Tech Co., Ltd. (hereinafter referred to as Mubang High-Tech) (603398.SH), a company mainly focuses on educational toy, medical device, education and precision non-metallic mold business, disclosed that Inner Mongolia Haoan Energy Technology Co., Ltd. (hereinafter referred to as Haoan Energy), a wholly-owned subsidiary of Mubang High-Tech mainly engaged in the research and development, production and sales of photovoltaic silicon wafers, has signed a Cooperation Agreement with Yinhli Energy, for sales and purchase of solar wafers.

According to the announcement, Haoan Energy will supply 270 million pieces of monocrystalline silicon wafers (±20%) to Yingli Energy from July 13, 2022 to December 31, 2023. Among them, 60 million pieces of M10 gallium-doped P type monocrystalline silicon wafers are planned to be sold to Yingli Energy from July 2022 to December 2022. Another 210 million pieces of M10 gallium-doped P type or phosphorus-doped n type monocrystalline silicon wafers are ordered from January 2023 to December 2023.

The total sales amount is estimated to be 1.677 billion yuan (tax included) according to the latest price released by PVInfolink. Mubang Hi-Tech stated that the calculated price data will not be performance commitment or forecast, otherwise, the two sides agreed to negotiate the prices monthly.

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