Sun Power Report
Sunpower Group Ltd.
Annual Report 2011
CONTENTS
01 02 04 08 10 12 15 16 17 29 84 86 Corporate Profile Sunpower’s Innovation Chairman’s Statement Financial and Operations Review Financial Highlights Board of Directors Key Management Corporate Information Corporate Governance Report Financial Statements Statistics of Shareholdings Notice of Annual General Meeting
COrpOraTE prOfilE
a Specialist in Energy-Saving, Energy-Efficiency and Environmental protection Business
Sunpower Group started in April 1997, listed on SGXSESDAQ in March 2005 and was subsequently upgraded to the Mainboard in August 2007. The Group specialises in the design, R&D and manufacture of customised energy-saving, energy-efficiency and environmental protection products and solutions, using proprietary heat-transfer technologies tailored for the petrochemical, chemical, polysilicon, coal chemical, pharmaceutical, tobacco, metallurgical, and transportation industries. From the initial business of making pipe supports, Sunpower went on to develop other related products such as heat exchangers and pressure vessels in 1998, heat pipes and heat-pipe exchangers in 1999 for the recovery of waste heat in petrochemical, steel and chemical projects. In 2003, Sunpower successfully developed its proprietary environmentally friendly energy-saving and environmental protection systems. These systems are used to recover petrochemical by-products contained in the flare gas generated during the production process in a petrochemical refinery. In 2010, the Group was awarded with the “Technology Innovation High Achievement Award” in the development and application of energy efficient heat exchanger given out by China Association for Quality 2010. In 2011, the Group spearheaded to set the national standards for Heat Pipes and also participated in drafting the national standards for core heat pipes and coreless heat pipes which were eventually approved and promulgated. Through providing many years of
Annual Report 2011
CONTENTS
01 02 04 08 10 12 15 16 17 29 84 86 Corporate Profile Sunpower’s Innovation Chairman’s Statement Financial and Operations Review Financial Highlights Board of Directors Key Management Corporate Information Corporate Governance Report Financial Statements Statistics of Shareholdings Notice of Annual General Meeting
COrpOraTE prOfilE
a Specialist in Energy-Saving, Energy-Efficiency and Environmental protection Business
Sunpower Group started in April 1997, listed on SGXSESDAQ in March 2005 and was subsequently upgraded to the Mainboard in August 2007. The Group specialises in the design, R&D and manufacture of customised energy-saving, energy-efficiency and environmental protection products and solutions, using proprietary heat-transfer technologies tailored for the petrochemical, chemical, polysilicon, coal chemical, pharmaceutical, tobacco, metallurgical, and transportation industries. From the initial business of making pipe supports, Sunpower went on to develop other related products such as heat exchangers and pressure vessels in 1998, heat pipes and heat-pipe exchangers in 1999 for the recovery of waste heat in petrochemical, steel and chemical projects. In 2003, Sunpower successfully developed its proprietary environmentally friendly energy-saving and environmental protection systems. These systems are used to recover petrochemical by-products contained in the flare gas generated during the production process in a petrochemical refinery. In 2010, the Group was awarded with the “Technology Innovation High Achievement Award” in the development and application of energy efficient heat exchanger given out by China Association for Quality 2010. In 2011, the Group spearheaded to set the national standards for Heat Pipes and also participated in drafting the national standards for core heat pipes and coreless heat pipes which were eventually approved and promulgated. Through providing many years of