Yijing photoelectric signing agreement to invest in new energy and sapphire 4 billion

Yijing Optoelectronics (600537) announced on the evening of July 2nd that Changzhou Yijing Optoelectronics Co., Ltd., a wholly-owned subsidiary of the company, recently signed a strategic cooperation framework agreement with the Qitai County People's Government of Xinjiang. The two sides established a strategic partnership for project development.

The cooperation between the two parties includes new energy development projects and sapphire material manufacturing projects. Based on the investment of the sapphire project by Changzhou Yijing Optoelectronics, the Qitai County Government will ensure the preferential allocation of Qitai County's photovoltaic resources or coordinate the state's people's government to allocate and allocate resources in other areas of the state to meet the investment of Changzhou Yijingguang's 200 MW photovoltaic power generation. Development needs. At the same time, Changzhou Yijing Optoelectronics Co., Ltd. promised to invest in the construction of a sapphire material production project with a total investment of 1,000 sapphire crystal growth furnaces and a total investment of 2.5 billion yuan in Qitai County. The above two projects have a total investment of about 4 billion yuan.

Yijing Optoelectronics said that the signing of the agreement will help the company to rapidly and effectively expand solar energy projects, power stations and sapphire materials in the next few years, and further enhance the company's profitability.

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