(Yicai Global) Dec. 21 -- Shares of Changzhou Almaden and Henan Ancai Hi-Tech jumped after the two Chinese photovoltaic glass makers received two long-term orders.

Almaden [SHE: 002623] soared by the 10 percent exchange imposed limit to CNY32.01 (USD4.59) today. Shares of Ancai Hi-Tech [SHA: 600207] closed 5.1 percent up at CNY6.59 (95 US cents).

Chinese renewable energy giant JA Solar Technology will purchase 276 million square meters of PV glass, worth CNY6 billion (USD861 million) based on current market price, from Almaden between 2023 and 2025, the Changzhou, Jiangsu province-based company said in a filing late yesterday.

On the same day, Ancai Hi-Tech announced it signed an agreement with Tianjin Huanrui Technology to supply the unit of TCL Zhonghuan Renewable Energy Technology with solar glasses to make PV components with a capacity of between 18 gigawatts and 27 GW from next year to 2025. The deal is expected to be worth CNY3 billion based on current market prices.

The signing of the contract will be conducive to the marketing of ultrathin PV glass of a thickness of no more than 2 millimeters, Almaden added, noting that it will have a positive impact on the firm’s future operating performance.

The company received another order for 337.5 million sqm of ultrathin PV glass from Trina Solar in June, set to be worth about CNY7.4 billion, based on market prices at the time.

Editor: Futura Costaglione