The two listed companies in the photovoltaic industry are involved in the complaint and responded: there will be no major impact, and the possibility of the other party is low.

Red Star Capital Agency July 28 news, the two listed companies in the photovoltaic industry Tiantuangneng (688599.SH) and Jingke Energy (688223.SH) all announced their recent lawsuits that they were involved in the near future.

As of July 28, the closing price of Tianhe Optical Energy was reported at 83.99 yuan/share, up 4.47%, and the total market value was about 182.1 billion yuan. About 173 billion yuan.

Photovoltaic industry map according to IC Photo

Law of $ 300 million in contract lawsuits

Response: It does not match the facts, please take care of a professional lawyer

Public information shows that the main businesses of Tianhe Lights include the three major sections of photovoltaic products, photovoltaic systems, and smart energy. Photovoltaic products include single crystal silicon -based photovoltaic batteries, components, and photovoltaic systems include photovoltaic power stations and other businesses.

The lawsuit also originated from photovoltaic components.

Tianheguang can say in the announcement that its US subsidiary Tianhe United States has recently received a lawsuit and prosecution related materials such as Daedal Energy from the relevant courts.

The announcement shows that the plaintiff signed a component contract with about 900MW and worth 300 million US dollars worth of $ 300 million in July 2021, and paid $ 8.75 million in advance payment. Essence

Due to the anti -survey of anti -regulatory avoidance investigations launched by the US Department of Commerce and the Land and Resources Bureau, the situation background of the original agreement signed by factors has changed significantly, and the two parties have re -negotiated the new delivery conditions, but have not reached a new change agreement.

The plaintiff recently submitted the "Civil Prosecutor" to the court, claiming that he had not received component products, accusing Tianhe the United States with default or fraud, harming the plaintiff's interests, so he filed a lawsuit. As of July 28, the trial had not yet been tried.

Tiantuangneng said that one of the plaintiff's claims was to pay compensation, but the specific compensation amount was not clear. At present, the losses of the prosecution list are increasing the cost of increasing the cost of the plaintiff due to the increase in the cost of the third -party procurement component due to the increasing the cost of the US -US delivery component, and due to the delayed delivery component of the United States.

The announcement of the screenshot from Tianhe Light Energy

Tiantuangneng believes that the lawsuit will not have a significant impact on daily production and operation. In the allegations of Daedal Energy, the description of the incident is inconsistent with the facts in many aspects. It always attaches importance to compliance in accordance with laws and regulations, and refuses to accuse the objects that do not match the objective facts. It will actively respond to and take relevant legal measures to effectively protect the interests of the company and all shareholders.

At the same time, Tianheguangneng said that he has started to hire a team of professional lawyers to actively respond to the lawsuit that he will apply for an application for jurisdiction in accordance with the law. It may not enter the case of the case physical trial; this lawsuit is expected to last for more than three years.

Crystal Energy encounters similar situation

Response: The possibility of arbitration requests is very low

On the same day, Jingke Energy also issued an announcement saying that it received relevant notifications, and the International Chamber of Commerce International Arbitration Council (hereinafter referred to as "ICC") has accepted the applicant Sterling and Wilson International FZE "Cargo contract" related controversy for arbitration requests filed by the company.

The announcement shows that it has signed a modification agreement related to the "Component Supply Contract" in 2017 and 2019, which stipulates that the Sweihan photovoltaic project of the Arab Emperor Abu Dhabi Emperor's Sweihan photovoltaic project provides 3.2284 million pieces. Components (1.18GW), the total amount of the contract is 427 million US dollars.

Recently, SW FZE submitted an arbitration application to ICC on the relevant controversy of the "Component Supply Contract" and made an arbitration request. As of July 28, the case had been filed for acceptance, and the subsequent arbitration procedures had not yet begun.

SW FZE requested the ruling of Jingke Energy to compensate the applicant and its affiliates to US $ 4.28 million, make up for the difference in component differences or installation of 32MW photovoltaic component products, which were cost US $ 14.15 million, and delayed liquidated damages of 307 million yuan.

Announcement of Screenshot from Crystal Energy

Jingke Energy stated that according to the arbitration lawyer's opinion, SW FZE has not currently made sufficient evidence to prove that Jingke energy violates the relevant obligations and fails to indicate the specific calculation method of its claim compensation. Therefore, the relevant compensation claims proposed are obviously obvious Lack of basis; Based on this, arbitration requests are likely to be supported.

At the same time, Jingke Energy also said that the arbitration procedure is expected to last for more than three years. Prior to the arbitral tribunal, the company will not be required to pay any financial compensation. At present, Jingke Energy has hired professional arbitration lawyers to actively respond to the company's legitimate rights and interests in accordance with the law, and effectively protect the interests of the company and all shareholders.

"Photovoltaic fever" in the world

The monthly component export value hit a new high

At present, the photovoltaic industry has developed rapidly as the demand for new energy replacement stone energy in various countries. my country is currently at a relatively advanced level, and products in all aspects of the photovoltaic industry are exported to the outside world.

A set of data quoted by Southwest Securities showed that in June 2022, my country's photovoltaic battery components exported 4.538 billion US dollars, an increase of 5.62%month -on -month and 98.86%year -on -year.Among them, the battery exports were US $ 324 million, a decrease of 2.07%month -on -month; component exports were US $ 4.214 billion, an increase of 6.26%month -on -month.It is worth mentioning that Tianghe Light Energy and Crystal Energy are both leading companies in the photovoltaic industry.Compared with Tianhe Light Energy, in addition to photovoltaic components, Crystal Energy also has products such as battery films and silicon wafers.

In 2021, the revenue of Tianhe Light was approximately 44.48 billion yuan, an increase of 51.20%year -on -year; the net profit of home mother was about 1.804 billion yuan, an increase of about 46.77%year -on -year.

The revenue of Jingke Energy in 2021 was approximately 40.570 billion yuan, an increase of about 20.53%year -on -year; the net profit of the mother was about 1.141 billion yuan, an increase of about 9.59%year -on -year.

As of July 28, the closing price of Tianhe Optical Energy was reported at 83.99 yuan/share, up 4.47%, and the total market value was about 182.1 billion yuan.About 173 billion yuan.

Red Star News reporter Yang Peiwen

Edit Yang Cheng

- END -