On April 10, Shanghai CNC released its annual performance report for 2022. During the
reporting period, the Company achieved an operating income of RMB 21.918 billion, a year-on-year increase of 100.80% , and an operating profit of RMB 3.412 billion, a year-on-year increase of 75.20%; The total profit was 3.331 billion yuan, an increase of 71.06% year on year; the net profit attributable to shareholders of listed companies was 3.024 billion yuan , an increase of 76.68% year on year; Net profit attributable to shareholders of the listed company after deduction of non-recurring profit and loss was RMB2.536 billion, representing a year-on-year increase of 76.84%; basic earnings per share was RMB7.8002, representing a year-on-year increase of 71.67%.
CNC said that the main reasons for the performance growth were: in 2022, the company seized market opportunities, increased investment in technology research and development, strengthened supply chain management, and actively expanded the silicon wafer sales market, which made the company's sales revenue grow steadily and its business performance continue to improve. As at the end of the
reporting period, the total assets of the Company amounted to RMB21.028 billion, the owners' equity attributable to shareholders of the listed company amounted to RMB12.526 billion, and the net assets per share attributable to shareholders of the listed company amounted to RMB30.49, representing an increase of 45.11%, 68.34% and 12.77% respectively as compared with the end of last year.
Since 2019, CNC has invested in the construction of photovoltaic monocrystalline silicon production capacity, and since then, it has continuously "rolled in" to complement the photovoltaic industry chain step by step.
In 2022, through a series of investments such as annual output of 150,000 tons of high-purity industrial silicon and 100,000 tons of high-purity crystalline silicon projects, annual output of 40 GW monocrystalline silicon pulling and related supporting production projects, and investment in the construction of Xuzhou New Energy Industrial Park, CNC has formed an industrial chain system including silicon materials, monocrystalline silicon wafers and solar cells. On April 4,
2023, Shanghai CNC announced that the company planned to invest 5 billion yuan to build 16GW component production capacity in Jiangyin City, Jiangsu Province, of which the first phase of 5GW project will be launched in the near future and is expected to be put into operation in the third quarter of 2023; the second phase of 11GW production capacity will be built, and the specific time has not been determined. After the completion of the production capacity of the
components, CNC will cover six major links of industrial silicon + silicon materials + silicon wafers + batteries + components + power stations, forming an integrated layout of the industrial chain.
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