In 2011, Sunlight Power became the first "powerful halo" in the new energy power supply industry, successfully listing on the GEM. Following a challenging period marked by the "double reverse" in Europe and America last year, the photovoltaic industry began to show signs of recovery in 2013, and the company's performance started to improve. On the 4th, as the reporter visited the company for an extraordinary general meeting, they stepped into the company's premises.
The "Teacher" Chairman
As the reporter entered the solar power plant area on Tianhu Road in Hefei's High-tech Zone, they noticed that the office building appeared rather quiet. After speaking with a staff member, they learned that the company had built a new factory complex covering 1,699 square meters and more than 80 mu, integrating R&D, production, and office spaces. Currently, only the chairman and some staff remained in the old office building.
"Our teacher Cao is always devoted and won't move out until the last day," the staff member said with a smile.
"Teacher Cao? Don’t you call him the chairman?" the reporter asked.
"Cao has always been our teacher, and we’ve always called him Mr. Cao. It’s just how we’re used to it," he laughed.
After the shareholder meeting, Xie Leping, the director of Sunlight Power, shared some insights with the reporter: "The company is gradually moving into the new factory area. Today, after the meeting, the chairman and I were among the last to move into the new office building."
Notably, the extraordinary general meeting reviewed several key proposals, including the "Proposal on Stock Options and Restricted Stock Incentive Scheme (Draft Revised Draft)" and other related documents. There were eight proposals in total, covering changes in the board of directors and board of supervisors. All proposals were approved by the shareholders present at the meeting.
"Happy to See Stock Prices Rise Steadily"
The meeting was chaired by Cao Renxian, the chairman of Sunlight Power. During the question-and-answer session, the reporter engaged in a conversation with Cao about investor concerns.
Reporter: After the recent change in the board of directors, what are the plans for the company's future development?
Cao: The overall business strategy hasn’t changed significantly. We remain focused on our core businesses—photovoltaic inverters and wind energy converters. With fierce market competition, we must stick to our main business while expanding into photovoltaic power plant development and extending upstream and downstream operations. Given the growing domestic renewable energy targets, we plan further expansion. In the new term, we will focus on two aspects: first, perfecting our photovoltaic inverters to maintain our leading position in the domestic industry; second, expanding the company’s scale to become stronger and more competitive.
Reporter: How does Cao view the current stock price of the company?
Cao: The stock price is hard to predict. However, with the industry’s recovery this year, the domestic market is gradually rebounding. The company’s operational performance is better than in previous years, and the stock price has been stable and rising. This is what both the company and investors hope to see. That said, I can’t predict the future direction of the stock price.
It's worth noting that on Friday, the FBMACE fell by 3.36%, while Sunlight Power's share price rose by 5.12%, reaching a new high since April 2012 when the company removed its power restrictions.
Steel Rope Wire,Stainless Wire Rope,Stainless Steel Wire Rope,Stainless Steel Aircraft Cable
Jiangsu Hongze Stainless Steel Wire Rope Co., Ltd , https://www.hzrope.com