Photovoltaic Leader Raises 1.5 Billion to Expand Production, Performance Soars Nearly 300% Last Year

On April 21, Quartz announced that it intends to issue convertible bonds of no more than 1.5 billion yuan, which will be used in the semiconductor quartz material series project (Phase III) after deducting the issuance fee. According to

the announcement, the total investment of the Quartz Semiconductor Quartz Material Series Project (Phase III) is 3.2 billion yuan, and 1.5 billion yuan is planned to be raised.

The project will form an annual production capacity of 60,000 tons of high-purity quartz sand, 150,000 tons of semiconductor-grade high-purity quartz sand and 5,800 tons of semiconductor quartz products; The construction period of the

project is 36 months.

Benefiting from the high prosperity of the industry,

quartz material is an irreplaceable basic material in the development of national strategic industries and pillar industries, and is widely used in light sources, photovoltaics, semiconductors, optical fibers, optics and other fields.

In the photovoltaic industry chain, quartz crucible is an indispensable container for continuous crystal pulling under high temperature conditions to extract high-purity monocrystalline silicon.

In recent years, driven by the energy crisis and the goal of "carbon neutrality" in many countries, the global photovoltaic industry has witnessed rapid development.

According to the statistics of China Photovoltaic Industry Association, the global photovoltaic installed capacity will increase by 230 GW in 2022, an increase of 35.3% over the same period last year. It is estimated that the global photovoltaic installed capacity will increase by 280-330 GW in 2023.

It is estimated that the average annual installed capacity of photovoltaic in the world will reach 300GW in 2022-2027, of which the average annual installed capacity of distributed photovoltaic will reach 170GW. This means that the demand for quartz crucibles will also increase substantially.

At the same time, the growing shortage of quartz crucibles has doubled the value of quartz shares.

In this context, quartz shares have created "three consecutive jumps" in the past three years, with net profits of 190 million yuan and 280 million yuan in 2020 and 2021, and a new net profit of 1.05 billion yuan and an increase of 274.48% in 2022.

To further accelerate the expansion of production capacity and consolidate the leading position

, it is reported that quartz shares are the third in the world and the first in China to master large-scale high-purity quartz sand production technology.

In 2009, Quartz Co., Ltd. became the third high-purity quartz sand producer in the world through self-developed technology, and raised the technology to the international level of 99.998% purity, breaking the passive situation that there is no "high-purity quartz sand" available in China. By the end of

2022, Quartz has about 50,000 tons of high-purity quartz sand production capacity, and another 60,000 tons of high-purity quartz sand project is under construction. It is expected that the project will be completed and put into operation in 2023.

Quartz also said in its annual report released on March 22 that it will accelerate the construction of new projects and the expansion of new production capacity in 2023. In addition to promoting the early commissioning of 60000 tons of high-purity quartz sand projects, it will also accelerate the pace of construction of the third phase of the project.