PDF《Solargiga Energy Holdings Limited》

1 September 2012) Chow Yiu Ming (resigned with effect from

1 September 2012) Investor Relations Consultant Aries Consulting Limited Corporate Website www.solargiga.com 主要往来银行 中国农业银行 锦州银行 永丰银行 法国巴黎银行 国家开发银行 中国建设银行 合作金库银行 中信银行 广东发展银行 华夏银行 台湾工业银行 中国工商银行 注册办事处 Cricket Square Hutchins Drive P.O. Box

2681 Grand Cayman, KY1-1111 Cayman Islands 香港总办事处暨主要营业地址 香港 湾仔 港湾道25号 海港中心1402室 股份过户登记总处 Butterfield Fund Services (Cayman) Limited Butterfield House

68 Fort Street, P.O. Box

705 Grand Cayman, KY1-1107 Cayman Islands 香港股份过户登记处 香港中央证券登记有限公司 香港 湾仔 皇后大道东183号 合和中心 17楼1712C16室 法定代表 许v渊 张丽丽 (获委任,自二零一二年九月一日起生效) 邹耀明 (已辞任,自二零一二年九月一日起生效) 投资者关系顾问 Aries Consulting Limited 企业网站 www.solargiga.com Solargiga Energy Holdings Limited 阳光能源控股有限公司

04 Company Profile 公司简介 Solargiga Energy Holdings Limited (the Company , together with its subsidiaries collectively the Group , Hong Kong stock code: 757, Taiwan stock code: 9157.TT) is a leading manufacturer of monocrystalline silicon solar ingots and wafers in the People'

s Republic of China (the PRC ). The Group is also engaged in producing monocrystalline silicon solar cells and modules in recent years. Its products are important components of solar energy generation systems. During the period under review, the Group was engaged in four major businesses: (a) the manufacturing and sales of monocrystalline and multicrystalline silicon solar ingots and wafers;

(b) the processing of silicon solar ingots and wafers;

(c) the production and sales of photovoltaic cells and modules;

and (d) the design and installation of photovoltaic systems. Currently, our integrated business model includes monocrystalline silicon solar ingot production with annual capacity of approximately 1.2GW, solar wafer production with annual capacity of approximately 900MW, as well as photovoltaic cells and modules production with annual capacity of approximately 300MW and 150MW, respectively. In addition, the Group operates polysilicon reclaiming and upgrading facilities in Shanghai and Jinzhou. Solargiga will move a step closer to becoming the world'

s largest monocrystalline silicon solar ingot and wafer produces as well as one of the key players in multicrystalline silicon solar product business. In addition, due to higher IRR, the Group is seeking a partner to set up solar power plant together, which will use the Group'

s photovoltaic modules. 阳光能源控股有限公司 ( 「本公司」 ,连同其附属公司统 称 「本集团」 ,香港股份代号:757,台湾股份代号U 9157.TT) 为中华人民共和国 ( 「中国」 ) 领先的太阳能单晶 硅锭及硅片制造商.近年来,本集团亦从事生产太阳能 单晶电池及组件业务.其产品用於制造光伏电池,而光 伏电池为太阳能发电系统的重要组件. 回顾期内,本集团从事四项主要业务: (a) 制造及销售太阳能单晶及多晶硅锭及硅片;

(b) 加工太阳能硅锭及硅片;

(c) 制造及销售光伏电池及组件;

及(d) 设计及安装光伏系统. 目前,本集团的整合业务模式包括年产量约1.2吉瓦的太 阳能单晶硅锭生产业务、年产能约900兆瓦的太阳能硅片 生产业务以及年产能分别约300兆瓦及150兆瓦的光伏电 池及模组生产业务.此外,本集团於上海及锦州经营多 晶硅回收及改良设施. 本集团将向世界最大的太阳能单晶硅锭及硅片生产商及 太阳能单晶产品业务的巨头之一的目标努力迈进.此外,由於较高之内部收益率,本集团亦寻找合作伙伴共 同建立太阳能厂房并使用本集团自家光伏组件. Management Discussion and Analysis 管理层讨论及分析 Market Overview Notwithstanding the rapid development of technology and application of global solar energy, the global solar energy industry has faced challenges of overcapacity, oversupply and increasing inventory levels in the upstream and downstream business in the past two years. The solar energy industry is still in the process of digesting the over-investment in capacity in