On April 3, Gaoshi released its annual report for 2022. In 2022, Gaoshi realized revenue of 3.571 billion yuan . Net profit attributable to shareholders of the listed company amounted to RMB789 million, representing a year-on-year increase of 356.65% . At the same time, this is another new high in the annual net profit of high measurement shares in the past three years, which has achieved the "triple jump" of performance growth.
As the leader of silicon wafer cutting equipment and OEM for many years, with the help of the high prosperity of photovoltaic industry in recent years, the performance of high measurement shares has achieved sustained high growth.
In 2022, the high measurement shares realized business income of 3.57 billion yuan, of which the photovoltaic industry realized the main business income of 3.24 billion yuan, accounting for 93.89% of the company's main business income.
Among them, in 2022, the company's annual output of diamond wire was about 33.9277 million kilometers, an increase of 257.02% over the previous year, and the annual sales volume (excluding self-use) was about 25.3973 million kilometers, an increase of 206.23% over the previous year. Photovoltaic cutting equipment and consumables are still the main source of the company's operating income and profits.
However, it is worth noting that another reason for the high growth of performance is the high returns brought by the development from "shovel-sellers" providing cutting equipment services for the photovoltaic industry to "cross-border" silicon wafer business links and "gold rush" in person.
Deep-ploughing photovoltaic silicon wafer cutting links continue to expand production capacity
, high measurement shares have not entered the silicon wafer cutting processing service links for a long time, but the development is very fast. In March
2021, Gaoshi announced that it planned to invest 180 million yuan to build a research and development center for large photovoltaic silicon wafers and a demonstration base for intelligent manufacturing, thus taking the step of "cross-border" photovoltaic silicon wafers.
Up to now, "Leshan 6GW Photovoltaic Large Silicon Wafer and Supporting Project", "Leshan 12GW Machining and Supporting Project" and "Jianhu (Phase I) 10GW Photovoltaic Large Silicon Wafer Project" have all reached production capacity, with an annual effective capacity of about 10GW. The company also launched the construction of "Jianhu (Phase II) 12 GW Photovoltaic Large Silicon Wafer Project" and signed the investment agreement of 5G W Photovoltaic Large Silicon Wafer Project in Huaxian County.
The annual report shows that by the end of 2022, the production capacity of silicon wafer cutting and processing services has reached 21 GW, and the above projects are expected to reach production capacity in 2023, and the production capacity of silicon wafer cutting and processing services is expected to reach 38 GW by the end of 2023. As of the end of the reporting period, the company has planned a total capacity of 52GW for silicon wafer cutting and processing services.
At present, the company has established long-term business cooperation with photovoltaic enterprises such as Tongwei Stock, Meike Stock, Beijing Express, Shuangliang Energy Conservation, Runyang Photovoltaic, Yingfa Ruineng, Yijing Photovoltaic, Huayao Photovoltaic and so on.
In 2022, the silicon wafer cutting and processing service business of Gaoze achieved a total revenue of 930 million yuan, accounting for about 30% of the total revenue of the photovoltaic industry, but the year-on-year growth data was as high as 778.15%.
Cut into the photovoltaic silicon wafer track less than two years, can have such a beautiful report card, it is eye-catching.
In recent years, expanding production and extending the industrial chain have become the "mainstream" development mode of the photovoltaic industry. In addition to enjoying the high growth of the main industry performance brought by the high prosperity of the industry, the photovoltaic equipment enterprises serving the photovoltaic industry have become "near the water tower". From "selling shovels" to "panning for gold" in person, they have cut into the photovoltaic manufacturing sector and vigorously laid out production capacity.
High measurement shares is only one of the representatives, recently frequently rely on "long single" brush screen on the industry "hot search" Shuangliang energy-saving, CNC and so on are also outstanding. And these photovoltaic manufacturing upstarts have signed long orders as a "magic weapon" to lock in development ahead of time.
On April 3, Shuangliang Energy Conservation announced that the company had won another sales contract worth 4.802 billion yuan, totaling 720 million monocrystalline silicon wafers (including P-type and N-type, covering 182 mm and 210 mm in size).
This is also the fifth long contract signed by Shuangliang Energy Conservation in the past month, and the total amount of the long contract in 2023 has exceeded 13 billion yuan.
Shuangliang Energy Saving was originally a manufacturer of reduction furnace, the core equipment for photovoltaic polysilicon production. In February 2021, it began to lay out monocrystalline silicon business, focusing on large-size silicon wafer track and accelerating the release of production capacity. So far, it has been only two years, and has become a typical photovoltaic cross-border "rookie".
On January 30, Shuangliang Energy issued a performance forecast, predicting that the net profit attributable to shareholders of listed companies in 2022 will be 950 million yuan to 1.05 billion yuan, an increase of 206.32% to 238.57% compared with the same period last year.
Then look at another "shovel seller" -CNC , the "momentum" of signing long orders is not too much.
Since investing in the construction of photovoltaic monocrystalline silicon business in 2019, CNC, the leader in the field of photovoltaic cutting equipment, has developed into a group of "black horses" in the photovoltaic silicon wafer track in only three years.
By the end of 2022, CNC has 35 GW monocrystalline silicon production capacity. In 2022, the shipment of CNC monocrystalline silicon wafers was 31.18 GW, compared with 17.41 GW in 2021, an increase of 79.09%. According to the 2022 annual performance forecast issued by CNC
on January 31, the company expects to achieve a net return of 3 billion to 3.3 billion yuan in 2022, an increase of 75% to 93% over the same period last year.
At present, CNC has established long-term cooperation with Tianhe, Tongwei, Aixu, Dongfang Risheng, Atlas, Junda Stock, Jiangsu Xinchao and Longheng New Energy.
In 2023, CNC continued to lock in the development of enterprises ahead of time by signing "long orders", and won long orders worth more than 19.5 billion yuan in less than 10 days at the end of February and the beginning of March.
Long single contract is essentially a futures contract, which has both cooperation and gambling elements. This form of long single contract has been popular in the photovoltaic industry for a long time, and has had profound lessons.
But nowadays, most of the photovoltaic long single lock volume does not lock the price, and the final price follows the market. Both parties agree to purchase in batches, and the actual purchase price is negotiated on a monthly basis, so the final purchase amount may fluctuate with the market price, and the actual monthly purchase order shall prevail. Therefore, the purpose of signing long orders is not only to stabilize long-term cooperation and maximize profits, but also to ensure supply chain security.
However, from "selling shovels" to "panning for gold" in person, it has also brought high returns to enterprises. Long orders have played a positive role in it, not to mention for the time being, but at least from the side, it also reflects the confidence of downstream users in the photovoltaic industry who are optimistic about the development prospects of the industry for a long time and the determination to further cultivate the photovoltaic industry, which has a positive effect on stabilizing the development of the industry and enterprises.
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