Net profit in the second quarter nearly doubled year-on-year, and the first half report of the glass industry leader was released!

25, Jinjing Science and Technology released its mid-2023 report. The report shows that in the first half of this year, Jinjing Science and Technology achieved an operating income of 3.715 billion yuan and a net profit of 261 million yuan, of which 173 million yuan was realized in the second quarter, an increase of 97.18% over the first quarter, and the company's performance in the second quarter was significantly accelerated.

Jinjing Science and Technology has formed an industrial chain of mining and soda ash → glass → glass deep processing, and under the trend of clean energy, it has continuously explored new solar energy materials, new energy-saving materials and other fields. The company's main business is distributed in building glass, soda ash industry and photovoltaic glass . During the reporting period, the company's photovoltaic glass business revenue and net profit accelerated growth , overseas business brought incremental, soda ash business maintained high prosperity to provide profit support, and building glass business remained stable.

The report shows that in the first half of 2023, the price focus of glass products has steadily moved up . From the beginning of the year to April, the price has fallen for half a year, stabilized and rebounded. By the end of June, the average price of the industry has risen by nearly 400 yuan/ton compared with the end of last year. In the first half of 2023, the production capacity of photovoltaic glass industry increased rapidly, and the price of products was running at a low level. Since the second quarter, with the purchase cost of natural gas and soda ash falling , the profitability of photovoltaic glass has improved .

Jinjing Technologies said that in the second half of this year, the company will make full use of the advantages of diversification of product structure and brand, continue to promote the quality and efficiency of photovoltaic rolled glass through R & D and innovation , reduce production costs , and achieve a stable yield in the high range; We should stabilize procurement channels and prices, expand the proportion of direct supply, explore the mode of long-term cooperation and annual supply, and reduce comprehensive costs. At the same time, actively cooperate with foreign thin film photovoltaic enterprises to carry out product verification and import work in the early stage, so as to enhance the level of research and development and improve production efficiency.