Now the game of "copy the bottom"! Photovoltaic tap: This is the rest of the play

Tongwei picked up his big move again!

The project is planned to invest 28 billion yuan and will be constructed in two phases. Construction of 200,000 tons of green base material (industrial silicon) and 200,000 tons of high-purity silicon projects in the first phase, with an estimated total investment of about 13-14 billion yuan, subject to the implementation of the project; In the second phase, 300000 tons of green base material (industrial silicon) and 200000 tons of high-purity crystalline silicon projects will be constructed and launched according to market conditions.

At present, the news has caused a great disturbance in the industry. As the absolute leader of the industry, Tongwei's action has always been considered to have a certain degree of directivity. At present, the price of silicon materials has fallen again for 8 consecutive years, and the lowest price has reached 5.

Why did Tongwei choose to catch up with the "late set"? According to Liu Hanyuan, the former chairman, production in 2025 may be the next round of profit cycle . Based on this judgment, coupled with the usual 18-24 months of construction cycle, Tongwei started the construction process at this time is not too early, not to mention that Tongwei has tasted many "sweet spots" before. After the introduction of the "531" New Deal

in 2018, the industry downturn caused by the refund and compensation repelled the enthusiasm of many enterprises to expand production. Tongwei not only did not disrupt the construction progress, but also achieved a year-on-year increase

in the balance of construction projects in the third quarter of that year. Tongwei's polysilicon production capacity is 80,000 tons, 180,000 tons and 260,000 tons respectively. With the soaring price of polysilicon, Tongwei, which holds huge production capacity, has also realized the expansion of the company's wealth. From 2020 to 2022, the company's polysilicon and chemical sector contributed revenue of 6.539 billion, 18.761 billion and 61.855 billion, with a compound growth rate of 207.

Tongwei once bought Hefei LDK at a high price of 870 million yuan, while the latter's last transfer price a few months ago was only 1.

From now on, Tongwei's ability to become the leader of batteries is not unrelated to this strong merger and acquisition ten years ago. Interestingly, Liu Hanyuan also made similar remarks to the outside world at that time. February, Tongwei shares will acquire 50% of Yongxiang shares previously acquired by 200 million yuan on the grounds of "unclear development prospects".

However, three years later, in order to develop polysilicon business, Tongwei will not increase the production line of Yongxiang shares 99 at a price of 2.01 billion yuan.

This is a long-term industry.

in this photovoltaic version of the" Russian Wheel "game, Tongwei is not the only gambler who has bet all his money on a future.

Longji Green Energy's "gambling" is engraved in the enterprise gene , its founder Li Zhenguo once claimed to be a man who "can't do anything but make monocrystalline silicon", and in 2000, only relying on the calculation of "talking on paper", he decided that monocrystalline silicon would be the technical route to reduce the cost of electricity in the future. And then determined to break a new path in the world ruled by polycrystalline.

In 2013, Longji, which has been stuffy for more than a decade, successfully became the world's largest monocrystalline silicon wafer, but by the end of 2014, the share of monocrystalline silicon in China's market was only 5%. It was not

until 2016 that the biggest gambler in the photovoltaic industry ushered in the opening moment. Since that year, the market share of monocrystalline products began to rise year by year, and the production and sales rate of Longji's silicon wafers increased from 65.06% in 2015 to 106.

With the layout of monocrystalline silicon, Longji has become the global leader in silicon wafers.

In 2018, in the face of the "531" new deal, Longji took a similar response to Tongwei.

In July, the company locked in about 8 billion yuan of silicon materials from Xinte Energy to ensure the safety of raw materials.

In August, it was announced that 3.9 billion yuan would be raised for Ningxia Leye 5GW battery project and Chuzhou Leye 5GW component project.

At that time, Longji once again showed its gambler's attributes, betting on the future of photovoltaic parity.

year, Saiwei , the leader at that time, made constant moves after the cold winter of 2011, and threw out a number of investment plans in January of that year. Constantly increasing the chips in the photovoltaic business, bucking the trend, and a few months later, the former giant was carved up because of its predicament.

Also at a low ebb, TCL Zhonghuan, then a member of Zhonghuan, signed a separate investment agreement of up to 20 billion photovoltaic power plants in two cities and counties of Inner Mongolia in 2013, leaving behind its partners. From the company's follow-up financial report, this investment does not bring much help to Central.

From 2015 to 2020, the company's power business accounted for only 0.48%, 2.40%, 2.12%, 2.44%, 3.07% and 2.19% of total revenue; In 2021, after the photovoltaic power plant business was listed separately, the proportion of total revenue declined to 1.

The market and price always fluctuated, after Zhong Baoshen, chairman of Longji Green Energy, stressed, "But once production is expanded, the increased capacity can not disappear immediately.". Therefore, when expanding production, we should grasp the node of technological progress and our own ability to reduce risks.

Now the photovoltaic industry once again stands in a new round of low ebb, expansion or contraction has become a problem that enterprises must choose. Tongwei, as the leader, once again took the lead.