In 2011, Sunlight Power, a pioneer in the new energy power supply industry, made its debut on the GEM. Following a challenging year marked by the "double reverse" in Europe and the U.S., the photovoltaic sector began to show signs of recovery in 2013, with the company's performance gradually improving. During an extraordinary general meeting held on the 4th, a reporter visited the company’s headquarters and observed a quiet yet evolving environment.
As the reporter stepped into the solar power plant area on Tianhu Road in Hefei’s High-tech Zone, the office building appeared relatively empty. Upon speaking with a staff member, it was revealed that the company had recently completed a new factory complex covering over 80 mu (approximately 5.3 hectares) and spanning 1,699 square meters. This state-of-the-art facility integrates R&D, production, and office spaces. However, only the chairman and a few staff members remained in the old building for now.
“The boss, Cao, is very dedicated and refuses to move until the last day,†the staff member shared with the reporter. When asked if they referred to the chairman as “Mr. Cao,†the employee laughed and said, “We’ve always called him ‘Teacher Cao.’ It’s just how we’re used to addressing him.â€
After the shareholder meeting, Xie Leping, a director at Sunlight Power, confirmed to reporters that the company was gradually relocating to the new facility. He added that both the chairman and himself were among the last to move into the new office building.
The extraordinary general meeting focused on several key proposals, including the revised draft of the stock options and restricted stock incentive plan, as well as changes to the board of directors and supervisors. All motions were approved by the shareholders present.
During the shareholder Q&A session, Chairman Cao Renxian addressed concerns from investors. When asked about the company’s future strategy after the board reshuffle, he emphasized maintaining the core business of photovoltaic inverters and wind energy converters while expanding into related areas such as photovoltaic power plant development and upstream/downstream integration.
Regarding the current stock price, Cao acknowledged that while it’s difficult to predict short-term fluctuations, the company’s improved performance and the industry’s recovery have led to a steady rise in share value. “This is what both the company and our investors are happy to see,†he said.
Interestingly, while the FBMACE index fell by 3.36% on Friday, Sunlight Power’s shares surged by 5.12%, reaching a new high since April 2012, when the company was removed from the market.
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