Core Viewpoint - Tongwei Co., Ltd. has successfully raised nearly 5 billion yuan through its subsidiary Yongxiang Co., Ltd., marking the largest financing record in Sichuan this year, with a pre-investment valuation of Yongxiang reaching 27 billion yuan [1][2][4]. Group 1: Financing Details - Yongxiang Co., Ltd. introduced 11 strategic investors, collectively investing 4.916 billion yuan, which is half of the previously expected amount, but still the largest financing in Sichuan this year [5]. - The post-investment valuation of Yongxiang is expected to exceed 30 billion yuan [5]. - The funds raised will be used to repay bank loans and supplement working capital for Yongxiang and its subsidiaries [5]. Group 2: Company Background - Yongxiang Co., Ltd. was established in 2002 and is a key subsidiary of Tongwei Co., Ltd., specializing in high-purity crystalline silicon, a core material for solar cells [6][7]. - Yongxiang has a production capacity of over 900,000 tons of high-purity crystalline silicon across four production bases in Sichuan and Inner Mongolia [7]. - In 2023, Yongxiang achieved revenue of 45.03 billion yuan, with a net profit of 15.18 billion yuan, although it faced a net loss of 990 million yuan in the first three quarters of 2024 due to industry challenges [7]. Group 3: Leadership Transition - Liu Shuqing, born in 1989, has taken over leadership of Tongwei Co., Ltd. as CEO, focusing on digital transformation and global supply chain development [11][13]. - Under her leadership, Tongwei has secured significant contracts and expanded its international presence, with products now used in over 70 countries [13]. Group 4: Industry Context - Leshan, where Yongxiang is located, is recognized as "China's Green Silicon Valley," housing multiple leading companies in the photovoltaic industry and forming a significant industrial cluster [15][16]. - The region is also developing a new energy storage industry, with plans to establish a comprehensive production base for vanadium flow batteries by 2027 [17]. - Sichuan's renewable energy sector is rapidly growing, with projected revenues of approximately 2,350 billion yuan in 2024, including 1,950 billion yuan from photovoltaics [18].
今年四川最大融资诞生,50亿