On April 27, Jingao Technologies released its first quarter report for 2023. In the
first quarter of 2023, Jingao Technology realized an operating income of 20.48 billion yuan, an increase of 66.23% over the same period last year, and realized a net profit attributable to shareholders of listed companies of 2.582 billion yuan, an increase of 244.45% over the same period last year. As at the end of the reporting period, the total assets of the Company amounted to RMB74,087,238,800 and the net assets attributable to the shareholders of the listed company amounted to RMB30,119,233,300. In the first quarter of
2023, Jingao Technology has made considerable progress in marketing and production capacity construction:
1. Continuously strengthen the global market layout, give full play to its global marketing service network advantages and brand advantages, and further strengthen market development. In the first quarter of 2023, the company shipped 11.70 GW of battery components (including 152 MW for self-use), of which overseas shipments accounted for about 58% . Distribution shipments accounted for approximately 30%;
2. The Company continued to promote the layout of production capacity and invested in the construction of a new project with an annual output of 20GW silicon wafers and 30GW batteries in Ordos High-tech Zone to enhance the production capacity of new products of the Company. In the first quarter of
2023, Xingtai 5GW component project was put into operation smoothly. In addition, the projects under construction are progressing as planned. According to the company's future capacity plan, the company's component capacity will exceed 80 GW by the end of 2023. The production capacity of silicon wafers and batteries is about 90% of the module production capacity.
3. The project of issuing convertible bonds is progressing in an orderly manner, and the Shenzhen Stock Exchange will hold a review meeting of the Listing Review Committee on April 27, 2023.
The project plans to raise no more than 8.960 billion yuan to help the company expand its N-type product production capacity.
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