Recently, power sun burst announcement that there are significant issues because the company did not notice, the company's application, the company stock since May 8 opening from the suspension. Think of the sun power last price hit a six-month high strength, the message a, market investors can not help talking about. Today's mystery was finally revealed, sun power on October 8, 2012 signed a photovoltaic power plant EPC (EPC) contract, worth a total of 900 million yuan. Reporters found that the company had a separate statement refers to this contract, but concealed the amount of 900 million yuan this critical content.

Today, Sun Power announced that the company in October 8, 2012, respectively, and Chaoyang Jiuquan Jiuquan Sanyang signed a photovoltaic power plant EPC (EPC) contract, totaling 900 million yuan. It is noteworthy that, six months ago, has signed a contract why only now disclosed?

This reporter has learned through announcements in the above contract, the sun power on 12 November 2012 and signed with the Three Gorges New Energy "Jiuquan Chaoyang District, Suzhou New Energy Co., Ltd. 50 MW grid-connected solar power inverter power generation project Cooperation Agreement "and the" New Energy Co. Sanyang Jiuquan Suzhou District 50 MW grid-connected photovoltaic power generation project cooperation agreement ", the two sides agreed to jointly develop the construction of Gansu Province, a total of 100 megawatts of photovoltaic power generation project.

Then, the sun power and the Three Gorges New Energy for Jiuquan Jiuquan Sanyang sunrise and increases the capital held after the Three Gorges New Energy Jiuquan Jiuquan sunrise and the 90% stake in Sanyo, sunrise and sun power http://www.gridtiepowerinverteronline.com/ Jiuquan Jiuquan Sanyang hold 10% each stake. End of the year on May 3, Jiuquan Jiuquan Sanyang sun and complete change of business registration, the change is completed, Jiuquan Jiuquan Chaoyang Sanyang and sun power is no longer a wholly-owned subsidiary.

Sun power that therefore plays a significant contract was originally a wholly owned subsidiary of the Company and the transactions between, due to the change of business unfinished, so have not been disclosed. This transaction constitutes a connected transaction, yet to be submitted to shareholders for approval.

Because by the wholly owned subsidiary of a subsidiary equity affiliates transfiguration, just let this contract worth 900 million yuan surfaced. In fact, the PV industry has been in the doldrums for a long time, but the industry is still raging cold-related companies, which also includes the Main between natural sunlight photovoltaic inverter power supply, such a contract is undoubtedly a stimulant. In fact, the company also said the total price of 900 million yuan contract, accounting for year 2012 operating income 74.14%, if the successful performance of the company will get the contract for the year 2013 a positive impact on operating results..