Hesheng Silicon Industry recently announced its intention to apply for the issuance of asset securitization projects (ABS projects), with a total issuance amount not exceeding 4 billion yuan. This financing measure aims to broaden the company's financing channels, accelerate capital turnover, and support high-quality business development. As a leading player in both industrial silicon and organic silicon, Hesheng Silicon's strategic initiative not only helps to enhance its competitiveness in the domestic market, but also further consolidates its leading position in the global silicon-based industry chain.

Hesheng Silicon Industry is a leading enterprise in global industrial silicon and organic silicon production capacity. In recent years, around building the "world's most complete silicon-based full industry chain company", Hesheng Silicon Industry has embarked on a large-scale transformation and expansion. In October 2023, Hesheng Silicon Industry announced the official completion of the integrated industrial park of "polycrystalline silicon polycrystalline silicon wafer battery module&photovoltaic glass photovoltaic power generation". The connection of this industrial park marks an important step for Hesheng Silicon Industry in the layout of the entire photovoltaic industry chain.
On March 1, 2024, Hesheng Silicon Industry officially launched the sale of its full range of photovoltaic products, including high-purity crystalline silicon, monocrystalline silicon wafers, monocrystalline silicon solar cells, photovoltaic modules, etc. The launch of this series of products not only enriches the product line of Hesheng Silicon Industry, but also provides strong support for its competitiveness in the photovoltaic market.
However, despite significant achievements in business expansion, Hesheng Silicon Industry is facing certain pressure on its financial performance. The latest financial report data shows that in the first three quarters of 2024, Hesheng Silicon Industry's operating revenue was 20.371 billion yuan, a year-on-year increase of 2.44%; The net profit attributable to the parent company was 1.454 billion yuan, a year-on-year decrease of 33.42%. This financial performance reflects the cost pressure and market competition faced by Hesheng Silicon Industry in the process of business expansion.
By issuing the ABS project, Hesheng Silicon Industry will be able to obtain more financial support for business expansion and technological innovation. This not only helps to enhance its competitiveness in the domestic market, but also provides strong support for its layout in the global silicon-based industry chain.
In short, through the issuance of ABS projects, Hesheng Silicon Industry has not only expanded its financing channels, but also provided important support for its layout in the global silicon-based industry chain. In the future, with the availability of funds and further expansion of business, Hesheng Silicon Industry is expected to achieve greater success in the global silicon-based industry chain.