Recently, Trina Solar has welcomed four "project dynamics" in two days.
On April 19, Trina Solar Huai'an Base Phase I Project was completed and put into operation and the foundation laying ceremony for Phase II Project was held. Before the start of the event
on the 19th, a contract was signed between Huai'an Economic and Technological Development Zone and Trina Solar Energy Co., Ltd. for the production of 10GW high-efficiency photovoltaic cells with a total investment of 5 billion yuan.
According to reports, Trina Solar Huai'an Project signed a contract in September 2022. This investment will help the company to further strengthen its leading edge in the field of high-efficiency batteries and expand the scale of advanced production capacity with the help of local policies and industrial supporting advantages in Huai'an.
According to local media reports, "Trina Solar and Huai'an Jingkai District's" hand-in-hand ", from contact and negotiation to formal contract signing for 40 days, from contract signing to formal start-up for 32 days, from start-up to the first component product offline for 156 days.
"supersonic" expansion is Trina Solar's determination to steadily promote the strategic layout of industrial chain integration.
From specialization to integration, Trina Solar, one of the earliest photovoltaic enterprises in
the world, was founded in 1997 and grew up at the same time as Yingli and Suntech in Wuxi. It is also the longest component business enterprise in the world so far. Trina Solar's first photovoltaic module factory was put into operation in
2004 and listed on the New York Stock Exchange in 2006. In 2017, Trina Solar completed its privatization and delisting, and returned to A-share market in May 2020.
Previously, Trina Solar's industrial chain mainly covered both ends of the "battery + component". In particular, the component side has been in the first echelon of component shipments for many years. According to the ranking of institutions, Trina Solar, supported by sales through domestic and foreign channels, grew steadily in 2022, with an annual growth rate of about 74%, ranking third in global component shipments.
However, in 2021-2022, the price of silicon materials continued to "soar", the cost of component materials rose sharply, product profits were repeatedly compressed, and many photovoltaic enterprises have chosen to integrate transformation and development.
In 2022, Trina Solar announced to the industry that it had formally entered the integrated layout strategy through large-scale investment. In March
of that year, Trina Solar signed a strategic cooperation agreement with the Qinghai Provincial Government to build a "source-network-load-storage integrated zero-carbon industrial park". On June 17,
2022, Trina Solar announced that it planned to invest in the construction of Trina Solar (Xining) New Energy Industrial Park project in Xining Economic and Technological Development Zone.
The construction project includes the production line with an annual output of 300,000 tons of industrial silicon, 150,000 tons of high-purity polycrystalline silicon, 35 GW of monocrystalline silicon, 10 GW of chips, 10 GW of batteries, 10 GW of modules and 15 GW of auxiliary materials.
From upstream industrial silicon, polycrystalline silicon, monocrystalline silicon to silicon wafers, batteries, components, and even auxiliary materials (in addition to power plant business), Trina Solar has made a heavy blow. The whole " project is scheduled to start construction in 2022 and will be implemented in two phases. The first phase will be completed in 2023, and the overall project is expected to be completed by the end of 2025.
Qinghai has also become one of the most important industrial bases of Trina Solar.
In addition to the domestic integration layout, Trina Solar is also deeply engaged in overseas integration, setting up overseas factories in Thailand, Vietnam and other places.".
As for the reasons for the rapid vertical integration layout, Trina Solar has said that it is to respond to market demand, especially the current overseas market requirements for green and diversified supply chain has become a major trend, and building its own green supply chain is a necessary option for leading enterprises;
In addition, out of concern for the next round of technological innovation, the whole industry chain has the largest carbon reduction space for silicon materials and wafers, and the future quality and carbon emission requirements will be higher. The focus on the source and underlying technological innovation is also the main driving force for Trina Solar's upward layout.
; Net profit attributable to the parent company was 3.711 billion yuan, an increase of 105.
The company said that during the reporting period, under the guidance of the global and domestic "carbon neutral" policy, the company continued to play a global brand and channel advantages, and the business of photovoltaic products developed rapidly. Photovoltaic module shipments and sales revenue have increased considerably compared with the previous year, and the company's brand status has been further consolidated and enhanced. The forecast for the first quarter of
2023 shows that the company expects to achieve a net return of 1.3 billion yuan to 1.8 billion yuan, an increase of 139.31% to 231.35% over the previous year, and a net return of 1.245 billion yuan to 1.745 billion yuan.
In terms of the reasons for the performance surge, Trina Solar said in the announcement that the company took advantage of its global brand, channel advantages and advantages in the distribution market, the business of photovoltaic products developed rapidly, and the shipments and sales revenue of photovoltaic modules increased significantly compared with the same period last year. In addition, the company's strategic layout in the photovoltaic industry chain in the early stage gradually showed results during the reporting period.
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