China Technology Solar Power Holdings Limited ("CT SOLARPOWER") and together with its subsidiaries (the "Group"), specializes in (i) sales of self-service automatic teller machine (“ATM”) systems and printing systems, (ii) provision of hardware and software technical support services, (iii) solar energy generation, and (iv) power system integration business in the People’s Republic of China (“PRC” or China”).
The Company was listed in the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited on 3 January, 2001.
ATM SYSTEMS AND PRINTING SYSTEMS OPERATION
The Group is recognized as a professional ATM software, hardware and service company in the ATM sector, and is an authorized value-added reseller of self-service ATM systems of NCR (Beijing) Financial Equipment System Co., Ltd and a marketing agent for Fuji Xerox for its printing systems in China.
By having ATM service centers established in major cities in China including Shaoxing, Taicang, Taiyuan, Shanghai, Wenzhou, Yiwu, Wuxi, Changshu, Jinhua, Yingkou, Jingzhou, Funing, Datong, Yangzhou, Xuzhou, Huzhou, Lvliang, Quzhou and Huaian, the Group has ATM service centers covering a total of 19 strategic cities and locations currently.
SOLAR ENERGY GENERATION AND POWER SYSTEM INTEGRATION OPERATION
Solar energy generation
Solar energy is generated and converted into electricity via grid connected solar energy power system and transfer the electrical power through inverter directly to the connected grid, instead of going through the storage in batteries. Such technology signifies a new development in solar energy.
Power system integration business
System integration refers to the optimization of technologies in the civil engineering system, electrical system and other ancillary system, database technologies, surveillance and software management. The Group shall source equipment and products from different vendors based on the scale and capacity of the respective power stations and subsequently carry out integration of the separated equipment,functions and information into a connected, unified and coordinated system. System integration enables the utilization of resources at their best to enhance optimization of performance of the entire system and achieve centralized, high efficiency, balanced performance, substitutable and available for maintenance, as well as low cost management. The Group also offers subsequent system management services to the power stations.