Cut in half year on year! Hesheng Silicon Industry's First Half Performance Declined

29, Hesheng Silicon released its annual performance announcement for the first half of 2023. In the first half of the year, the company realized operating income of 11.938 billion yuan, a year-on-year decline of 8.17%; net profit of 1.782 billion yuan, a year-on-year decline of 49.71%; basic earnings per share of 1.53 yuan.

In the first half of the year, the demand of downstream industries was light, the terminal consumption demand of organic silicon and aluminium alloy industries recovered slowly, the photovoltaic industry accelerated its development, the new installed capacity of photovoltaic exceeded the expectation at the beginning of the year, the new capacity of polysilicon industry continued to release, and the consumption of silicon materials continued to grow. The demand for industrial silicon in the polysilicon industry has accelerated accordingly, and it is expected that the demand for raw material industrial silicon will further increase in the second half of the year. During the reporting period, benefiting from the further expansion of the production and operation scale of the Company, the sales volume of industrial silicon and organic silicon products increased as compared with the same period of last year, and the production capacity of industrial silicon and organic silicon continued to maintain a high level during the reporting period. Meanwhile, affected by factors such as changes in economic situation, industry and market supply and demand, the prices of industrial silicon and organic silicon, the main products of the Company, showed a gradual downward trend.

The announcement shows that by the end of June 2023, the company's industrial silicon production capacity is 1.22 million tons per year, and the organic silicon monomer production capacity is 1.73 million tons per year.