(Yicai Global) Jan. 8 -- Jingyuntong Technology's share price was moving closer to its all-time high today after the Chinese solar power equipment maker said that it expects to gain CNY9 billion (USD1.4 billion) via two big orders.

Shares of JYT [SHA:601908] rose by the daily limit of 10 percent to CNY14.51 (USD2.20) today. The historic high is CNY15.05, reached in June 2015.

The company's units will provide 946 million monocrystalline silicon wafers to Jiangsu province-based Runyang Yueda Photovoltaic Technology and 960 million units to Chengdu-headquartered Tongwei Solar over the next three years, the Beijing-based supplier said in a statement yesterday.

Based on current pricing, the two orders should be worth CNY9 billion. But the parties will negotiate the actual prices on a monthly basis.

An ongoing boom in building solar power stations in China has caused a surge in the related equipment orders. In late December, JYT said it has obtained a combined CNY7.8 billion in orders from two solar cell suppliers.

The solar wafer maker has been reporting strong performance growth over the past year. In the first three quarters of 2020, JYT's net profit more than doubled to CNY416 million (USD64.3 million) from a year ago. Its revenue grew twofold to CNY3 billion.

Editor: Emmi Laine