On May 17, Huamin announced that its holding subsidiary Hongxin New Energy had won another order for monocrystalline silicon wafers from mysterious customer A. The company expects the contract amount to exceed 100% of its main business revenue in 2022.
It is reported that this is not the first transaction between Huamin Shares and Customer A. From January to April 2023, Hongxin New Energy had silicon wafer purchase and sale business with Customer A and its related parties, and the sales revenue of Hongxin New Energy was 21.8451 million yuan.
According to the announcement of Huamin, Customer A and its related parties plan to purchase 108 million monocrystalline silicon wafers from Hongxin New Energy. The minimum monthly purchase volume should reach 80% of the corresponding purchase volume stipulated in the contract, and the actual annual purchase volume should reach the total purchase volume stipulated in the contract.
The purchase and sale framework contract is valid from May 1, 2023 to December 31, 2023, during which the specific purchase price will be negotiated by both parties on a monthly basis, and can be negotiated according to market changes. On August 15,
2022, Huamin announced that it would invest 5600 yuan to acquire 80% of Hongxin Technologies (now Hongxin New Energy). At that time, Hongxin Science and Technology was promoting the EIA approval and construction of the project of "annual production of 10g W high-efficiency N-type monocrystalline silicon rods and wafers", and was at the critical moment of forming the industrial layout of "recycling of silicon materials + monocrystalline silicon rods/wafers".
As a company with wear-resistant materials as its main industry, Huamin shares have since officially declared cross-border photovoltaic .
On December 29, within three months of crossing the border, Huamin shares won the first photovoltaic order, with orders for 1512 tons of monocrystalline silicon rods from Huasheng New Materials and 50 million monocrystalline silicon wafers from Pengzhan New Energy. If the total amount of the
two orders is converted into more than 200 million yuan according to the market price of monocrystalline silicon rods and wafers at that time, it will directly exceed 100% of the main business income of 139 million yuan in 2021.
At this time, the company's annual production of 10g W high-efficiency N-type monocrystalline silicon rods and wafers has not yet been put into production. On January 12,
2023, Hongxin New Energy's "annual production of 10g W high-efficiency N-type monocrystalline silicon rods and wafers project (Phase I)" was successfully put into operation in Dali, Yunnan Province. On February 19,
2023, Huamin announced its investment in Xuancheng, Anhui Province, to build a project of 1 billion monocrystalline silicon wafers for 10GW junction (HJT) batteries per year.
The company will focus on the "new energy + new materials" two-wheel-driven development strategy, focusing on the layout of monocrystalline silicon wafers, to create a new profit growth point for the company's future development, Huamin shares said in the 2022 annual report. In the
first quarter of this year, Huamin's revenue increased by 391.26% year-on-year to 194 million yuan, the company said, mainly due to the increase in photovoltaic business revenue during the reporting period.
Production capacity and revenue go hand in hand, adding a new chapter to the story of making money "silicon"!
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