Jolywood(SZ:300393)2022-12-04 08:46Group 1: Convertible Bonds - The company plans to issue convertible bonds totaling up to RMB 1 billion for the investment in a 1.5GW N-type bifacial TOPCon solar cell project, pending shareholder approval [1][2]. Group 2: Project Development - The company is cautious about the early investment in the 2.1GW N-type bifacial solar cell project, which is not yet fully completed, and will assess the situation before proceeding with the convertible bond project [2][3]. Group 3: Market Trends - The company views grid parity for solar power as an inevitable trend that will increase market volume, but emphasizes that it does not imply low entry barriers; continuous technological improvement and project reserves are essential for maintaining competitive advantage [2][3]. Group 4: Business Focus - In 2018, the company's battery business will focus on two main areas: cost reduction and market promotion, aiming to cultivate the market through customer incentives [3]. Group 5: Social Responsibility - The company is involved in poverty alleviation through its subsidiary, implementing an innovative "Precision Poverty Alleviation 3.0" model, collaborating with government, banks, and enterprises to support impoverished households [3]. Group 6: Residential Solar Development - The company is optimistic about the future of residential solar, with its subsidiary already conducting household power station projects in regions like Henan and Shandong, and exploring smart rural initiatives [3].