The Zhitong Finance App learned that Jinyang New Energy (01121) rose more than 10% in the intraday period. As of press release, it had risen 8.49% to HK$5.62, with a turnover of HK$4.348,800.
According to the news, Jinyang New Energy announced that it has signed a distribution agreement with recreational motorhome accessories dealer Australian RV Accessories to sell and promote the latest technical flexible components for motorhomes on a large scale in Australia and New Zealand. The first batch of batch shipments is expected to begin full container shipments next month.
According to the announcement, the total revenue of the Australian solar awning market is expected to be about 1.2 billion Australian dollars. The directors believe that cooperation with Australian RV Accessories will begin to be implemented and that the two sides will promote the group's unique flexible technology, which will help both parties gain market share in this consumer market.
According to reports, in December 2023, Jinyang New Energy issued a voluntary announcement. The company launched the first batch of consumer photovoltaic products based on HBC flexible modules and plans to ship them to customers in the European, Australian and Japanese markets in the same month. Prior to that, the company's first product for the C-end market, a flexible awning for motorhomes, was unveiled at the International Motorhome Show held in Beijing in June last year. The company plans to cover most of the rigid demand in the global motorhome market within the next three to five years.