On March 28, Junda announced that. On March 24, 2023, Huai'an Jietai New Energy Technology Co., Ltd. (Hereinafter referred to as "Huai'an Jietai"), a subsidiary of the Company, received the equipment subsidy of RMB for the annual output of 26 GW high-efficiency solar cell project in Huai'an issued by the Finance and Taxation Bureau of Lianshui Economic Development Zone, Jiangsu Province. 300 million yuan , accounting for 28.54% of the latest audited net assets of listed companies.
The above subsidies are government subsidies related to assets, and Huai'an Jietai has actually received the above subsidies and recognized them as deferred income. The above government subsidies are not sustainable. In October
2022, Junda also signed an Investment Cooperation Agreement with Lianshui Municipal Government of Huai'an City to invest 13 billion yuan in the construction of 26 GW high-efficiency solar cell projects, of which the first phase of 13 GW capacity construction project is planned to start before December 31, 2022. It is expected to reach production in the third quarter of 2023.
On March 20, Junda Co., Ltd. released the 2022 annual performance report. The operating income in 2022 was about 11.595 billion yuan, an increase of 304.95% over the same period last year. The net profit attributable to shareholders of listed companies was about 717 million yuan, turning losses into profits.
Junda said that after the business transformation, the company's photovoltaic cell business was carried out by its subsidiary Jietai Technology, which is mainly engaged in the research and development, production and sales of photovoltaic cells. At present
, Jietai Technology mainly focuses on large-size single crystal PERC and N-type TOPCon high-efficiency solar cells above 182mm, of which the conversion efficiency of P-type PERC products is above 23.5%, and the product performance is at the international advanced level.
At present, Junda has built two major production bases in Shangrao, Jiangxi and Chuzhou, Anhui, of which Shangrao base has an annual production capacity of 9.5G W large-size P-type PERC;
Chuzhou Base is planned to have 18GW N-type TOPCon production capacity, of which the first phase of 8GW has been completed and put into production in the third quarter of 2022, with a product efficiency of more than 24.9%. The second phase of 10GW is under construction and is expected to be put into production in the first half of 2023. After the
company's new projects are put into operation, the company's solar cell production capacity will be mainly N-type.
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