Net profit increased by 1106.64%! The Photovoltaic Company's Half-Year Revenue Set a New Record!

On July 28, Yijing Optoelectronics released its semi-annual report for 2023. In the first half of

2023, the company achieved operating income & nbsp; 4.365 billion yuan , an increase of 26% over the same period last year, setting a new record of business income in the first half of the year since listing; Net profit attributable to shareholders of the listed company amounted to RMB285 million, representing a year-on-year increase of 1106.64% . Net profit attributable to shareholders of the listed company after deduction of non-recurring profit and loss amounted to RMB322 million, turning losses into profits on a year-on-year basis. The comprehensive gross profit rate was 14.45%, and the profit level was further improved.

For the surge in performance, Yijing Optoelectronics said that thanks to the decline in upstream silicon prices in the first half of this year, the company locked in raw materials at low prices, further reducing production costs. At the same time, the company also promoted the construction of high-quality production capacity in an orderly manner, and the company's component production capacity increased to 10GW.

Yijing Optoelectronics is the first domestic photovoltaic module manufacturer listed in A-share market, so it is known as "the first share of A-share photovoltaic" . Founded in 2003, Yijing Optoelectronics is mainly engaged in the production and sale of high-efficiency crystalline silicon solar cells and modules. According to the data, since 2007, the company has gradually established an industrial chain of monocrystalline silicon rods, silicon wafers, batteries and battery components packaging. Among them, silicon wafers and batteries are mainly used for their own components, and a small amount will be sold to the outside world.

It is reported that in the first half of this year, the company's Changzhou annual output of & nbsp; 5GW & nbsp; high-efficiency solar module project was completed and reached full production.

On May 8, the equipment of the first phase of the project of producing 10g W high-efficiency TOPCon batteries annually in Chuzhou entered the market. The project signed a contract to start construction in Chuzhou, Anhui Province in October 2022, and is now in the stage of installation, commissioning and capacity climbing, and is expected to achieve full production in the fourth quarter. At that time, Yijing Optoelectronics will form the production capacity of "15GW battery + 10GW module".

In addition, the Phase II and Phase III 10g W PV slice and 10g W PV module projects are progressing in an orderly manner according to the market and Phase I project conditions.

Although "overcapacity" has been flooding the photovoltaic industry this year , whether in the domestic market or in the international market, the photovoltaic fever is still high.

According to the data of the National Energy Administration, from January to July this year, China's domestic photovoltaic power generation installed 97.16 million kilowatts, an increase of 158% over the same period last year. At present, the cumulative installed capacity of photovoltaic power generation is second only to thermal power, becoming the second largest power source in China.

Under the upsurge of domestic photovoltaic installation, the business growth of Yijing Optoelectronics is also very obvious this year. According to the semi-annual report, in the first half of 2023, the company's components were shipped accumulatively. 2.36GW , representing a year-on-year increase of 24.61%, of which overseas shipments exceeded 1GW , representing a year-on-year increase of 2.64%, and domestic shipments were 1.36GW , representing a year-on-year increase of 47.97%.

In the overseas market, Yijing Optoelectronics has been dominated by the European market. By the end of March this year, the company has delivered all the 6MW photovoltaic systems exported to Uzbekistan, and the company has successfully opened up new overseas markets.

Because overseas distributed components have a certain price premium over the domestic market, the profit of components going to sea has upward elasticity, which brings about profit increase.

Major shareholders' equity frozen, 1.3 billion fund-raising terminated & nbsp;

From the semi-annual report, the "ill-fated" Yijing Optoelectronics seems to be changing for the better..

However, on July 10, Yijing Optoelectronics suddenly announced that it had recently received a notice from the controlling shareholder, Weizhi Energy (a subsidiary of Qinchengda) . The 255 million unrestricted tradable shares held by Weizhi Energy have been judicially marked, frozen and waiting for freezing . If the corresponding shares are subsequently disposed of at a variable price, it may lead to the change of the company's control rights, which will have a significant impact on the company's ownership structure, production and operation, and corporate governance.

Then, on the 12th, Yijing Optoelectronics announced the termination of the issuance of shares to Weizhi Energy in 2022 and the withdrawal of the application documents. On the 20 day, the Shanghai Stock Exchange terminated the relevant audit. More

expansion:

Why do we say that the fate of Yijing Optoelectronics is ill-fated? For details, please click: Where is the future of the "first share of photovoltaics" that can't come and go by its own glory?

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