On March 29, Triumph Xinneng released its annual report for 2022.
The announcement said that the company achieved operating income of 5 billion 30 million yuan in 2022, an increase of 38.73% over the same period last year ; Net profit of 409 million yuan , an increase of 59.93% over the same period .
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It is understood that Kaisheng Xinneng, formerly known as Luoyang Glass Co., Ltd., was officially renamed Kaisheng New Energy Co., Ltd. on February 16, 2023 in order to fully reflect the company's main business characteristics and future development goals. During the
reporting period, the company has completed a series of deep integration and merger and acquisition projects.
The Company divested all information display glass plate businesses; entrusted Triumph Technology Group with equity related to thin film solar cell business; transferred 100% equity of CNBM (Puyang) Photoelectric Materials Co., Ltd., a wholly-owned subsidiary, and acquired the remaining 40% equity of Qinhuangdao North Glass Co., Ltd., a holding subsidiary; The acquisition of 100% equity of Taibo Fujian Photovoltaic Glass Co., Ltd. and its renaming as Kaisheng (Zhangzhou) New Energy Co., Ltd. have basically realized the structural adjustment of the company's main business to the field of new energy materials.
Holding a long order, there is no need to worry about sales. The main reason for Triumph Xinneng's performance increase
last year is that the company's photovoltaic glass sales volume has increased substantially, and the "big hero" is the long order signed by the company. On October 24,
2022, Triumph New Energy signed the Purchase Contract with Trina Solar and its subsidiaries. The contract shows that from November 1, 2022 to October 31, 2024, Kaisheng Xinneng will supply Trina Solar and its eight subsidiaries with about 30 GW of single-glass and double-glass photovoltaic tempered coated glass products. On October 11,
2022, Kaisheng Xinneng Holding Subsidiary and Yidao New Energy Technology (Quzhou) Co., Ltd. Party A purchases 200 million square meters of photovoltaic glass from Party B, with an average quarterly purchase quantity of 20 million square meters (the specific purchase specifications and quantities are subject to Party A's orders). During the
reporting period, Tongcheng New Energy Solar Energy Equipment Photovoltaic Cell Packaging Materials Phase I Project and Hefei New Energy Project were successively put into operation;
In Luoyang New Energy Phase I Project, the construction of two 1200 tons/day solar photovoltaic cell packaging material substrate production lines and supporting deep processing production lines has been officially commenced.
The Yixing New Energy Project is progressing smoothly and is expected to be put into operation in the first half of 2023.
By the end of 2022, the company's production capacity of photovoltaic glass sheets was 4650 tons per day, an increase of 116.28% over the same period last year.
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