(Yicai Global) March 22 -- Shuangliang Eco-Energy Systems, a Chinese manufacturer of solar wafers, has secured a second order for its large-sized silicon wafers this month, this time worth CNY861 million (USD125 million).

Jiangsu Zhongqing Advanced Battery Manufacturing is ordering 135 million pieces of 182-millimeter solar wafers from Shuangliang's megaplant in Baotou, northern Inner Mongolia Autonomous Region which will be delivered between next month and December, the firm said yesterday.

The purchase amount and unit sales price for each month will be negotiated at the end of the previous month, the Jiangyin, eastern Jiangsu province-based company added.

Eging Photovoltaic Technology placed a CNY2.7 billion (USD392 million) order for 334 million large-sized solar wafers on March 12.

The firm's Baotou facility has secured more than CNY90 billion (USD13.1 billion) worth of orders since it began mass production in the second half of 2021.

And thanks to the added capacity and the soaring price of solar wafers, Shuangliang is expecting net profit to more than triple in 2022. Net profit should surge by between 206 percent and 239 percent to between CNY950 million (USD137.7 million) and CNY1.1 billion, according to its earnings forecast released in January.

Shuangliang’s annual output will rise to about 50 gigawatts by the end of June as new capacity come online, Securities Daily reported earlier this month, citing a member of the firm’s securities department. The third phase of the Baotou plant with an annual capacity of 50 GW will soon start construction.

Unmoved by the news, Shuangliang’s stock price [SHA:600481] closed down 0.2 percent at CNY13.78 (USD2) apiece today.

Editor: Kim Taylor