Profit doubled year on year! The first quarter performance of this photovoltaic enterprise exceeded expectations.

2023-04-10 09:50:56

The estimated net profit in the first quarter is 548 million yuan to 620 million yuan.

On April 6, Hengdian Dongci issued a performance forecast for the first quarter of 2023. In the first quarter of 2023,

the Company is expected to achieve a net profit attributable to shareholders of the listed company of RMB548 million to RMB620 million , representing a year-on-year increase of 49.8% to 69.5% .

Hengdian Dongci said that the main reasons for the better growth of this quarter's performance are: With the overall improvement of global market demand, the

company's photovoltaic industry has continuously optimized its product structure, continuously promoted cost reduction and efficiency enhancement, deepened the implementation of differentiation strategy, and further strengthened its global market expansion efforts, resulting in a large increase in component shipments year-on-year and ring-on-ring. The profit has more than doubled year on year.  

The company's magnetic industry is affected by the intensified market competition and the weak prosperity of the downstream application market, and its profit has declined year on year.

In addition, the company's lithium power industry is affected by the intensified market competition and the continued weak demand of electric two-wheeled vehicles, electric tools and other industries, and the superimposed new production capacity is in the commissioning and trial production period of equipment, which increases the cost expenditure, resulting in a significant decline in profits over the same period of last year, but thanks to the further development of the market, it still maintains a good level. Shipments were up year over year.

Earlier, Hengdian Dongci released its annual report for 2022 on March 9. During the reporting period, the company realized business income of 19.451 billion yuan , an increase of 54.28% over the previous year. Net profit attributable to shareholders of listed companies was 1.669 billion yuan , an increase of 48.98% over the previous year.

At present, the Company has a battery capacity of 8GW and a module capacity of 7GW. With the gradual launch of new production capacity, it is expected that the battery capacity will be 14GW and the module capacity will be 12GW by the end of the year. The Company's major projects under construction

this year include:

6GWh high-performance lithium battery, which is in the stage of equipment commissioning;

6GWh TOPCon battery project, which is planned to be completed and gradually invested by the end of the third quarter;

The 5GW high-efficiency module project is scheduled to be completed and gradually put into operation in July.

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Correlation

Net profit was 118 million yuan, down 19.36% year on year.

2023-04-20 11:20:40

Net profit of 64 million 490 thousand yuan, an increase of 6.04% over the same period.

2023-04-18 10:46:01

The estimated net profit in the first quarter is 548 million yuan to 620 million yuan.

2023-04-10 09:50:56