Great Wall Computer increases investment in photovoltaic inverter market

Great Wall Computer announced that its subsidiary PGIL and subsidiary Great Wall Easy Information Products (Shenzhen) Co., Ltd. signed a "Contract Manufacturing Agreement" and a "Non-exclusive Sales, Marketing and Distribution Agreement" with Nasdaq-listed company SATC respectively.

According to the first agreement, PGIL (including its subsidiaries) manufactures products according to the purchase orders issued by SATC and sells the products ordered by it to SATC. All parts and components required by PGIL for product manufacturing according to the purchase orders shall be purchased from suppliers provided by SATC. According to the second agreement, Great Wall E-Telecom will become a distributor of SATC and work together with SATC to sell a certain number and specifications of photovoltaic inverters in mainland China and Mongolia. The two parties plan to sell a total of about 60MW of Saikang PowerGate Plus series inverters (including 250KW and 500KW products) in the first batch.

The company said that since Great Wall E-Tron's previous business was mainly the manufacturing and processing of inverters, the above transaction will help meet the daily overall operational needs of PGIL and Great Wall E-Tron, and will help expand the business scope of Great Wall E-Tron and enhance the company's comprehensive competitiveness in future projects such as national solar power station construction and Mongolia's new energy construction. However, the company also pointed out that whether the plan can be successfully completed depends on the domestic and Mongolian policy orientation on solar energy utilization and its macroeconomic environment, and there is a certain degree of uncertainty. Content from the photovoltaic portal news website Global Photovoltaic Network

The announcement shows that SATC's main business includes high-efficiency photovoltaic inverters, world-class basic technology research, and the provision of innovative power conversion solutions and utility-level renewable energy power station system design solutions. However, its profitability is not good, and it suffered losses for three consecutive years from 2008 to 2010.