Sunpower has secured a RMB23.7m (S$4.7m) contract with Jiaxing Petroleum a subsi of Tong Kun, China’s leading polyester and textile manufacturer. Co will supply several heat exchangers use to Jiaxing. Earnings to be positively impacted during delivery in FY2011. Full yr 09 rev was at RMB753.6m and net profit of 70.6m, and with 3Q net profit of RMB53.7m...
Recent hefty contract wins of RMB415.1m (>50% of 09 rev) in 2 Dec polysilicon contract, RMB149.5m in 10 Nov petrochem contract, which might stir interest in co…
…Balance sheet relatively sound, current ratio 1.44x though with high % in receivables and payables, expected in industry. Co does heat transfer technological equipment and energy-saving systems.
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