On the evening of October 7, DR Laser issued an announcement regarding the signing of a major contract for daily operations.

The announcement shows that,  recently, the company and its subsidiaries signed a "Purchase Contract" with a leading photovoltaic enterprise and its entities under common control. The total contract amount is 1,228,628,300 yuan (RMB, excluding tax). Accounting for 76.36% of the company's audited main business income in 2023.

According to the announcement, the subject matter of the contract is "laser equipment and transformation", which is photovoltaic production equipment, but the customer is kept confidential.

Against the background of excess production capacity, this photovoltaic leader obviously aimed at newer technology routes.

According to DR Laser's information, the company has applications in HJT, BC, TOPCon, perovskite and other fields, and has already delivered related equipment orders, so it is difficult to determine which route to target.

Regarding the impact of the contract, DR Laser stated that the performance of the relevant contract will have a positive impact on the company's strategic development, operating income and net profit. The company will recognize revenue in the corresponding accounting period in accordance with the contract provisions and revenue recognition principles (ultimately in The data audited by the accounting firm shall prevail).

Source: https://mp.weixin.qq.com/s/LQrOvx6eAtDK0eIT8TJbsA