The photovoltaic industry is turning to components this year.
On August 3, Longji Green Energy, the leading component company, issued a performance forecast. So far, the top five component companies in domestic shipments have issued performance forecasts for the first half of the year, all of which have achieved growth beyond expectations.
Among them, the half-year net profit estimate of Jingke Energy even exceeds the total amount of 2021 and 2022.
In the first half of 2023, the company expects to achieve a total operating income of 64.664 billion yuan, an increase of 28.26% over the same period last year. The net return to the mother was 9.179 billion yuan, a substantial increase of 41.63% over the same period last year, exceeding market expectations.
The company's net profit in the first half of the year was 9.179 billion yuan, which exceeded 60% of the company's net profit in 2022, and even exceeded the net profit in 2021. But this is not the most "tough" company in the component sector in the first half of the year.
On July 18, Jingke Energy announced its first half performance report, predicting a net profit of 3.66 billion to 4.06 billion yuan in the first half, an increase of 304% to 349% over the same period last year . The company's annual net profit in 2022 was 2.936 billion yuan, and the annual net profit in 2021 was 1.14 billion yuan. JinkoSolar has almost made money in 2021 and 2022 in half a year!
In addition, Trina Solar's net profit attributable to shareholders of listed companies in the first half of 2022 was 3.328 billion yuan to 3.752 billion yuan, an increase of 162.14% to 195.61% over the previous year, comparable to last year's net profit of 3.68 billion yuan.
Jingao Technologies expects a net profit of 4.2 billion yuan to 4.9 billion yuan attributable to shareholders of listed companies in the first half of 2023, an increase of 146.81% to 187.95% over the same period last year. The net profit attributable to shareholders of listed companies for the whole year of 2022 is 5.533 billion yuan.
Atlas predicted in its initial public offering announcement that its operating income in the first half of 2023 would be 24.156 billion yuan to 30.320 billion yuan, up 22% to 53% from the same period in the first half of 2022; It is estimated that the net profit attributable to the shareholders of the parent company in the first half of 2023 will be 1.688 billion yuan . 2.074 billion yuan , up 270% to 355% year on year . The company's annual net profit in 2022 was 2.154 billion.
Obviously, the price of silicon materials continued to fall sharply in the first half of the year, which is an important reason for the sharp rebound in the performance of component enterprises. As the price of silicon materials has fallen sharply, the price of upstream industrial chain has continued to decline, and the overall profit margin of downstream component manufacturers has been greatly improved.
But at the same time, the soaring market demand at home and abroad has brought about a large increase in shipments, the adjustment of product structure, and the increase of profit margin in the proportion of advanced products are more important reasons.
Longji Green Energy said that in the first half of the year, the global photovoltaic market demand maintained rapid growth, the company optimized the integrated layout of the global industrial chain, promoted the steady release of efficient production capacity, and the shipments of silicon wafers and components increased significantly compared with the same period last year; With the decline in the price of upstream polysilicon materials, the gross profit margin of the company's component products was restored year on year.
Jingke Energy said in its performance forecast disclosure that the main reason for the substantial increase in performance in the first half of the year was the strong global market demand. While the company realized the increase in the shipment of photovoltaic modules, the proportion of N-type advanced products continued to increase. Trina Solar's net profit nearly doubled in the
first half of the year compared with the same period last year. In its performance disclosure, Trina Solar said that the company's photovoltaic module shipments and sales revenue increased significantly in the first half of the year compared with the same period last year. At the same time, benefiting from the substantial increase in the company's advanced production capacity, the proportion of sales of high-power 210 series photovoltaic products increased significantly compared with the same period last year.
Jingao Technology said that in the first half of the year, the market demand for photovoltaic products continued to improve, and the company's photovoltaic module shipments and revenue scale achieved substantial growth ; benefiting from the gradual release of the company's new production capacity, the growth of production and sales volume brought scale effect.
Looking forward to the whole year, can high prosperity of photovoltaic module enterprises continue? Data from
the National Energy Administration show that in the first half of 2023, the newly installed photovoltaic capacity in China reached 78.42 GW, up 154% year-on-year, and the scale is close to the total of 87.41 GW in the whole year of last year. Driven
by the demand for installed capacity, the performance of leading photovoltaic module enterprises soared in the first half of the year. Can such high prosperity in the first half of the year continue to the second half of the year?
China Photovoltaic Industry Association recently raised the global and Chinese photovoltaic market scale forecast for 2023, raising the global new installed capacity forecast for 2023 from 280-330GW to 305-350GW (overseas markets are mainly in Europe, the United States, India, Brazil, etc.); The forecast of new installed capacity in China in 2023 will be raised from 95-120 GW to 120-140 GW. Therefore, it is
estimated that the new installed capacity of PV in China in the second half of the year may be between 41.58 and 98.42 GW. Infolink, an
industry organization, said that China's photovoltaic market is still affected by excess inventory and terminal wait-and-see sentiment in the short term, which may affect component production in the third quarter of this year, and the overall output in the second half of this year may be lower than expected. It estimates that the total demand of the global photovoltaic market will be between 390 and 455 GW this year. The main growth range is mainly based on the growth of new installed capacity in the Chinese market and the progress of destocking in overseas markets.
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