Sunpower Group

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Sunpower secures M&S Contracts totalling RMB185.2 million from Xinjiang Xinte, a subsidiary of TBEA

Highlights :
1. Contract win, a repeat order from Xinjiang Xinte, adds on to existing record order book of RMB2.0 billion as at end-March 2018
2. Xinjiang Xinte is a subsidiary of TBEA Co Ltd, a provider of systematic solutions for the global energy industry
3. A testament of Sunpower’s leading position in servicing reputable polysilicon players
4. Expected to have positive impact on the Group’s FY2018 Results.

More details in http://infopub.sgx.com/FileOpen/14904796...eID=508267

Sunpower today closed at S$0.500.

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Sunpower secured RMB95.5 million M&S contracts from Shandong NHU for its world’s largest amino acid project

Highlights :
1. Expected to have a positive impact on the Group’s FY2018 and FY2019 results
2. The latest additions to existing record order book of RMB2.0 billion as at endMarch 2018
3. Shandong NHU is a repeat customer for the Group.

More details in http://infopub.sgx.com/FileOpen/14939606...eID=509212

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Sunpower reaffirms its design capabilities with the 35th power plant connecting to grid in Indonesia

Highlights :
* Sunpower’s subsidiary, Yangguang Institute has established a strong track record by delivering design services for 35 power plants in Indonesia and over 1000 projects in China
* Sunpower’s Green Investments (GI) projects are also designed by Yangguang Institute, giving the Group an unrivalled competitive edge

Sunpower Group Ltd.  announced that a 2x50MW coal-fired power plant in Indonesia designed by its subsidiary Shandong Yangguang Engineering Design Institute Co., Ltd. ("山东省阳光工程设计院有限公司" or "Yangguang Institute") has been successfully connected to the local grid. This is the 35th power plant for which Yangguang has provided design services in Indonesia – a testament of its design capability and established reputation in the industry.

As a part of its expansion strategy into the GI business, Sunpower completed the acquisition of Yangguang Institute in 2017. Established in 1998, Yangguang Institute provides design, consultancy and technology services for the thermal power, architecture, municipal engineering and other industries. It also has a strong track record of over 1,000 projects in China. Leveraging on its expertise and extensive experience, Yangguang Institute has strengthened Sunpower’s synergies in continued expansion into the GI business. 

More details in http://infopub.sgx.com/FileOpen/14973808...eID=510922

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Sunpower Wins a FGD Tender from Shanxi Taigang Stainless Steel Co., Ltd, One of the World’s Largest Stainless Steel Manufacturer

Highlights :
1. Tender value stands at RMB105 million and Sunpower is a part of the tripartite consortium that secured this tender
2. This tender win is expected to positively impact the Group’s FY2018 results
3. Strong testament to Sunpower’s outstanding M&S capabilities in providing Flue Gas Desulphurization solutions to diverse industries
4. This is the fourth Flue Gas Desulphurization ("FGD") tender that the Group has secured this year.

The contract is to provide FGD Engineering, Procurement and Construction ("EPC") services for Shanxi Taigang’s coking plant. As part of the tripartite consortium that secured this tender, Sunpower will undertake about 60% of this project, including project design, procurement and supply of equipment and materials, construction, commissioning and delivery. With this tender win, Sunpower has successfully expanded its FGD EPC services to the steel industry, further widening its industry reach and increasing its customer base. The project is expected to be delivered by the end of the year, and will have a positive impact on the Group’s financial performance for the current financial year ending 31 December 2018.

More details in http://infopub.sgx.com/FileOpen/15015377...eID=511567

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Sunpower wins Deloitte’s inaugural Best Managed Companies award in China

Highlights :
* Deloitte BMC award recognises Sunpower’s excellence in overall business management
* Sunpower’s strategic expansion into GI has driven it to new heights, given natural fit with in-house capabilities and GI’s proven track record for long-term, recurring, highquality income and cashflow
* The successful execution of GI strategy has benefited the growth and quality of Sunpower’s earnings and cashflow, whilst helping alleviate smog and reduce pollution for China

Mainboard-listed Sunpower Group Ltd. (" 中圣集团 "), an environmental protection solutions specialist with a strong focus on expanding into antipollution investment projects ("Green Investments" or "GI") which generate longterm intrinsic value in the form of recurring income and cash flows, today announced that the Group has been recognised as one of China’s Best Managed Companies (“BMC”) by Deloitte Touche Tohmatsu Limited, the largest of the “Big Four” accounting and audit firms in the world.

More details in https://links.sgx.com/FileOpen/16349617_...eID=548203

[mslee888]

This best managed company award does not include corporate governance criteria. It will be good if they can cover this too since S chips main weakness perception here is weak governance and fraudulent management.

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Sunpower secures RMB77 million M&S contract from repeat customer Jiangsu Hailun Petrochemical

Highlights :
1. Expected to have a positive impact on FY2019 and FY2020 performance
2. Strong testament to Sunpower's ability to forge longstanding repeat customer partnerships
3. Highlights Sunpower’s leading position in serving petrochemical industry.

Sunpower will provide heat exchanger equipment such as condensers, buffer tanks and heaters for a technology upgrading project at Jiangsu Hailun’s PTA (Purified Terephthalic Acid and is a chemical used in the production of polyester) production facility. The Group expects to complete the delivery of the products by the first half of 2020, which will have a positive impact on the Group’s financial performance for the financial years ending 31 December 2019 ("FY2019") and 31 December 2020 ("FY2020").

More details in https://links.sgx.com/FileOpen/16692875_...eID=561771

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Sunpower secures RMB33.9 million M&S Contract from New Customer State Power Investment Corporation ("SPIC")

Highlights :
* First contract from State Power Investment Corporation, one of the top five power generation companies in China
* Underscores Sunpower’s established track record in supplying high-quality equipment and solutions to energy giants
* Contract is expected to have a positive impact on the Group’s FY2019 performance

Under this contract, Sunpower will provide a comprehensive range of services that includes the design as well as engineering, procurement and construction of low-energy, long-distance distribution steam pipelines and a smart energy station, to be located outside SPIC's Baicheng Power Plant, to SPIC's integrated energy project that will supply industrial and municipal heating, compressed air and hot water. With delivery to be completed in 2019, it is expected to have a positive impact on the Group’s performance for the financial year ending 31 December 2019 ("FY2019").

More details in https://links.sgx.com/FileOpen/16822351_...eID=564826

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Sunpower secures M&S tender worth over RMB30 million from new customer, Fujian Gulei Petrochemical
* Attests to Sunpower’s leading position in supplying superior equipment and solutions to large-scale refinery and chemical integration projects in M&S segment
* Tender win underscores the Group’s strong technological and manufacturing capabilities

Sunpower Group Ltd. (“中圣集团”) announced that it has won an Manufacturing and Services ("M&S") tender worth over RMB30 million from new customer Fujian Gulei Petrochemical Co., Ltd. ("福建古雷石化有限公司").

Fujian Gulei Petrochemical is a large-scale chemical company, a joint venture between Fujian Petrochemical Co, Ltd and a Taiwan petrochemical enterprise. Sunpower will supply rod baffle heat exchangers for an Ethylene Oxide/Ethylene Glycol ("EO/EG") unit at the Gulei Refinery and Chemical Integration Project. When completed, the EO and EG unit will have an annual capacity of 100,000 tons and 700,000 tons respectively. Delivery is expected to be completed in 2020, which will have a positive impact on the Group’s performance for FY 2019 and FY 2020.

More details in https://links.sgx.com/FileOpen/16967739_...eID=571682

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Sunpower secures RMB65.5 million M&S contracts from PSS Netherlands
* Contracts with JV company of repeat customers expected to have a positive impact on FY2019 and FY2020 performance
* Proves Sunpower’s ability to competitively supply high-quality equipment & services to the global oil refinery sector
* Sunpower has an impressive track record in serving reputable high-end customers with technological and manufacturing experience and expertise

Sunpower Group Ltd. (“中圣集团”) announced that it has signed RMB65.5 million manufacturing and services (“M&S”) contracts with PSS Netherlands B.V. (“PSS Netherlands”), a joint venture company of repeat customers Petrofac (UK), Saipem (Italy) and Samsung Engineering (South Korea).

Under these contracts, Sunpower will supply heat exchangers to PSS Netherlands, the EPC contractor for the Clean Fuel Project (CFP) of Thai Oil Public Co. Ltd at its Sriracha oil refinery, the largest in Thailand. The CFP will help the refinery produce more environment friendly transportation fuel, lower feedstock cost and expand capacity. The M&S contracts are due for delivery in 2020, and are expected to have a positive impact on the Group’s financial performance for FY2019 and FY2020.

More details in https://links.sgx.com/FileOpen/17105568_...eID=576044