On March 29 , Rainbow New Energy, the leading central enterprise of photovoltaic glass , released its performance in 2022. In 2022, the company achieved operating income of 2.470 billion yuan (RMB, the same below), an increase of 403 million yuan, an increase of 19.51%. The substantial increase in revenue in 2022 was mainly due to the continuous deep cultivation of the main business, the gradual release of new production capacity, the year-on-year increase in sales revenue, and the strengthening of cost control.
With the continuous promotion of the national "double carbon" goal, green energy has become one of the important directions of economic development. At the just-concluded Two sessions in 2023, delegates paid great attention to the field of green energy, and proposals and bills in this field became a hot spot. According to incomplete statistics, there are more than 100 energy-related topics during the two sessions, among which "photovoltaic building integration", "rural distributed photovoltaic development", "photovoltaic globalization" and other key topics give photovoltaic an unusual position in the future green economy.
Rainbow New Energy is a holding subsidiary of Rainbow Group Co., Ltd., a central enterprise, which was listed on the Hong Kong Stock Exchange in 2004. Its main business focuses on the research and development, production and sales of photovoltaic glass. Rainbow New Energy,
which is located in the green energy segment track, continued to follow the pace of national strategic development in the past year, and relied on the team's technological advantages to accelerate the development of photovoltaic solar glass business. Based on the intelligent and automatic core technology system of high stability, intelligent, thin and large lead-out calender and automatic visual inspection system, Rainbow New Energy Development has realized the industrial upgrading from manufacturing to intelligent manufacturing.
Rainbow New Energy adheres to customer demand-oriented, optimizes and adjusts product structure, and the production and sales of thin, large-size and double-layer photovoltaic glass products grow rapidly. Build a digital supply and marketing platform, carry out collection and marketing, strong momentum of strategic cooperation with key customers, abundant orders in hand throughout the year, and obvious advantages of leading enterprises.
The announcement disclosed that due to continuous R & D investment, optimization of product structure and expansion of supply and marketing scale, Rainbow New Energy's photovoltaic glass shipments in 2022 increased by about 51% year-on-year, and the proportion of new products also increased significantly.
This year's Report on the Work of the Government points out that in the past five years, China has concentrated on accelerating the development of high-end equipment, biomedicine, new energy vehicles, photovoltaic, wind power and other emerging industries, and the government will continue to accelerate the construction of a new energy system in 2023. According to the statistics of the national power industry released by the National Energy Administration from January to February 2023. By the end of February, the installed capacity of solar power was about 410 million kilowatts, up 30.8% year-on-year. From January to February 2023, the accumulative installed capacity of PV increased by 20.37 GW, an increase of 87.6% over the same period last year, which is close to the accumulative installed capacity from January to May 2022.
Based on the good industrial prospects, the bases of Rainbow New Energy in Hefei and Yan'an have maintained a good momentum, the first kiln in Shangrao Base has been ignited and operated, the three deep processing production lines in the first phase of Xianyang Base have reached full production, the overall production has been running steadily and efficiently, and the scale economy has begun to appear.
Among them, the kilns and supporting production lines in Hefei Base have maintained stable and efficient operation, and the cumulative production and sales have increased significantly compared with the same period last year. At the same time, remarkable achievements have been made in digital and intelligent applications. Rainbow (Hefei) Photovoltaic Co., Ltd. has been awarded "Anhui Specialized, Special and New Champion Enterprise", "Anhui Digital Workshop" and "National Specialized, Special and New Small Giant Enterprise".
In Yan'an Base, through measures such as production line expansion and efficiency enhancement and product sequence expansion, the annual shipment volume increased steadily, among which the market share of new photovoltaic glass products such as thin and large size continued to rise, and breakthroughs were made in key equipment and technology of thin photovoltaic glass below 2.0 mm. Rainbow (Yan'an) New Energy Co., Ltd. was awarded "National High-tech Enterprise".
The Shangrao Base invested in the construction of ten ultra-thin and highly transparent photovoltaic glass kilns and supporting deep processing production lines in three phases, of which three 1,000t/d kilns and supporting deep processing production lines were invested in the first phase, and the first kiln of the first phase was successfully ignited during the reporting period. With the operation of the kiln, the overall construction process has been accelerated, the remaining two kilns and deep processing production lines in the first phase have been fully promoted, and the planning of the second and third phases has been accelerated.
Xianyang Base invested in the construction of five ultra-thin, double-film, high-transparency and large-size photovoltaic glass deep processing production lines in two phases, of which the first phase invested in the construction of three glass deep processing production lines, which have reached full production capacity and achieved stable supply to strategic customers; the industrialization technology and new product research and development of 1.6mm ultra-thin and large-size photovoltaic glass products have been successful. Xianyang Rainbow Photovoltaic Glass Co., Ltd. was also awarded "National High-tech Enterprise".
In the future, under the background of accelerating the realization of carbon peak and carbon neutralization in China, Rainbow New Energy will continue to focus on the large-scale development and strategic industrial layout of photovoltaic glass, and further consolidate the competitive advantage and industry leading position of Rainbow New Energy's leading enterprises by breaking through key technologies, strengthening cost control, enhancing customer stickiness and expanding market share.