On April 19, Haitai Xinneng released its performance report for 2022. During the
reporting period, the company realized operating income of 6.387 billion yuan , an increase of 41.05% over the same period last year. Net profit attributable to shareholders of listed companies was 118 million yuan , down 19.36% year on year.
The company said that during the reporting period, benefiting from the strong support of domestic policies, under the background of carbon neutralization, large-size components, double-glass double-sided components, etc., have won broader market support by virtue of high conversion efficiency and high cost performance. The increase in market demand has led to an increase in the company's sales of photovoltaic modules in 2022 , while the expansion of production capacity after the technical transformation and upgrading of the company's production line has also led to an increase in production and sales. However, the price of raw materials for components will rise in 2022, and the gross profit margin will be compressed.
In addition, the company's start-up rate in the fourth quarter was insufficient, and the price of main raw materials continued to rise in 2022, with the average purchase price of batteries rising from about 1.05 yuan/watt at the beginning of the year to 1.35 yuan/watt, which had a great impact on the sales of components and the gross profit rate of power plant installation. As a result, the company's net profit in 2022 declined year on year.