(hereinafter referred to as Cybrid Technology (stock code: 603212)) was officially listed on the main board of the Shanghai Stock Exchange on April 30. The issue price was RMB 10.46/share, the number of new shares was 40.01 million, accounting for 10.00% of the total issued share capital, and the issue price/earnings ratio was 22.57 times. The company's secondary market share price topped 43.98%, with a current price of 15.06 yuan per share and a total market value of 6.024 billion yuan.
At 9:30 p.m., Deputy Secretary of Suzhou Municipal Party Committee Zhu Min, Deputy Mayor Wang Yang, Vice Chairman of CPPCC, and Vice Chairman of Suzhou Municipal People's Political Consultative Conference Zhu Min, Vice Mayor Wang Yang, and Vice Chairman of Suzhou Municipal People's Political Consultative Conference Zhu Min, and Vice Chairman of Suzhou Municipal People's Political Consultative Conference Wang Yang held a ceremony for the initial public offering of A-shares of Cybrid at Suzhou Wujiang Hotel. Wang Qinghua, Chairman and Secretary of the District Party Committee, Li Ming, Deputy Secretary of the District Party Committee and Mayor, Fan Jianlong, Member of the Standing Committee of the District Party Committee and Deputy Secretary of the Party Working Committee of Wujiang Development Zone, Zhang Binggao, Deputy Mayor, Fan Li, Chairman of Dong Wu Securities, Gao Jifan, Chairman of Trina Solar, Wu Xiaoping, Chairman of Saiwu Technology, and the champion workers from the Saiwu Skills Competition, rang the listing gong together.
On June 22, 2020, a signing ceremony was held in Shanghai between Suzhou Siveco and China Power Investment Corporation (CDIC) Ronghe Financial Leasing Co. The two parties will carry out all-round cooperation in the life-cycle maintenance of solar PV power plants. With Cybrid's MoProTM solution as the technology platform, leveraging the resources and operation and maintenance technology advantages of Ronghe Leasing in solar PV power plants, the two companies will jointly expand the market in the areas of plant diagnosis, maintenance, repair and product recovery, and explore the concept and commercial value of MoProTM together.
On June 4, Cybrid announced the expansion of POE encapsulation film production. According to the needs of the company's operation and development, in order to further expand the scale of production and operation, Cybrid Technology intends to expand the production of POE project with a total investment of 435,110,700 Yuan, including the purchase of raw materials and equipment, the purchase of land and the constructed workshop on the land, the renovation of workshop and the reserve of working capital. The construction period of the project is 6 months, and the overall progress is divided into engineering construction, equipment purchase and installation, personnel recruitment and training, equipment commissioning and trial production.