Orient (600666) intends to purchase 100% equity of Singapore Airlines Technology through a wholly-owned subsidiary Orient Limited in cash, at a transaction price of 1.53 billion yuan. At the same time, Singapore Airlines Technology Co., Ltd. promised that the net profit after deduction in 2016-2018 will be no less than 160 million yuan, 205 million yuan and 255 million yuan.
Oride said that the acquisition is beneficial to the company to extend the sapphire industry chain, integrate industry advantages and resources, and play a synergistic effect, while optimizing the company's product structure, growth and continued profitability and reducing operational risks.
The cost advantage has expanded, and the short-term oversupply of sapphire is conducive to industry consolidation in the medium and long term. Due to the decline in electricity tariffs, the decline in the price of high-purity alumina and the shortening of the crystal growth cycle, we expect the company's long-crystal cost to decrease by about 20% in 2015, far better than the industry average.
Due to lower-than-expected demand for downstream consumer electronics, sapphire prices will fall by 25% in 2015. We believe that most companies in the industry are not profitable at this price level, which will help eliminate uncompetitive companies in the sapphire crystal growth industry and achieve industry consolidation. The company's market share is expected to increase.
In the first three quarters, both revenue and net profit increased rapidly: in the first three quarters of 2015, the company achieved operating income of 880 million yuan, a year-on-year increase of 189%; net profit of 2.06 yuan, an increase of 345%.
Ored said that the company's performance is in line with expectations, the main reason for the increase in performance is due to the significant increase in the sales of sapphire crystal materials and the sales of sapphire crystal growth equipment.
Hybrid solar inverters play a crucial role in enabling homeowners to harness the power of the sun and reduce their reliance on traditional grid electricity. With the ability to store and use solar energy as needed, hybrid solar inverters offer a reliable and sustainable energy solution for residential use.
A hybrid Solar Inverter is a device that converts the direct current (DC) electricity generated by solar panels into alternating current (AC) electricity that can be used to power home appliances and other electrical devices. In addition to this basic function, hybrid solar inverters also have the capability to store excess energy in batteries for use during periods of low sunlight or high electricity demand.
The production process of a hybrid solar inverter involves the assembly of various components such as the DC-AC converter, battery management system, and monitoring and control systems. These components are carefully integrated to ensure efficient and reliable operation. The inverter is then tested to ensure that it meets safety and performance standards before being packaged and shipped to customers.
In a home setting, a hybrid solar inverter is typically connected to a solar panel array on the roof of the house. The inverter converts the DC electricity generated by the solar panels into AC electricity that can be used to power lights, appliances, and other electrical devices. Any excess electricity generated can be stored in batteries for use at a later time, such as during the evening or on cloudy days.
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