With the continuous development of the photovoltaic industry, the photovoltaic rolled glass industry is also keeping up with the trend. In 2022, the production of photovoltaic rolled glass increased by more than 50%, but the market sales price was not ideal, and many listed companies expected a decline in performance in 2022. On February 2,
2023, the Ministry of Industry and Information Technology released the operation of the photovoltaic rolled glass industry in 2022, according to the data of the Glass and Industrial Glass Association. The national photovoltaic rolled glass industry as a whole shows a trend of "substantial increase in production capacity and output, low price operation". In terms of
production capacity and output, there are 40 photovoltaic rolled glass production enterprises in China, with a total of 442 production lines in 128 kilns and a production capacity of 84000 tons per day. The total output of PV rolled glass in the year was 16.062 million tons, an increase of 53.6% over the same period last year. In terms of
price, the average price of 2 mm and 3.2 mm photovoltaic rolled glass was 20.8 yuan per square meter and 27 yuan per square meter, respectively, down 11.9% and 6.1% year on year.
According to the data of the Institute, in the week from January 28 to February 3, 2023, the price of 2 mm photovoltaic glass was in the range of 18.50-19.50 yuan per square metre, and the price of 3.2 mm glass was in the range of 25.50-26 yuan per square metre, with a decline of 4.88% and 3.64% respectively in the past month. In the past two months, the decline was 7.14% and 5.36% respectively.
Previously, at the policy level, in June 2022, nine departments, including the National Development and Reform Commission and the State Energy Administration, jointly issued the "14th Five-Year Plan for Renewable Energy Development", proposing to actively promote the development and utilization of photovoltaic power generation, and to deploy action plans such as urban roof photovoltaic action, "photovoltaic plus" comprehensive utilization action and household lighting action.
Data show that as of January 29, 2023, the daily melting capacity of photovoltaic glass in China is 83160 tons, and the utilization rate of production capacity is 95.18%.
However, Guosheng Securities pointed out that the rapid growth of photovoltaic installed capacity and the increase of penetration rate of superimposed double-glass components have led to a significant increase in the demand for photovoltaic glass. It is estimated that the demand for original glass will be 22.049 million tons in 2025. At the same time, the requirements of double-glass components and downstream thinning, weight reduction and cost reduction will accelerate the development of thin glass. Under the trend of large size of silicon wafer, the single line scale of production line is required to be larger, and the new production line has the advantage of backwardness.
It is believed that the price of photovoltaic glass is at a low level at present, and it is expected that with the release of ground power stations and the continuous growth of distributed photovoltaic, the demand for photovoltaic modules will promote the price of photovoltaic glass to rise slowly.
2022 performance forecast release, a number of photovoltaic glass company performance decline
specific to the company level, a number of listed companies whose main business includes photovoltaic glass field said that the performance of 2022 is expected to decline year-on-year.
Among them, the 2022 performance forecast shows that the company expects a net profit loss of 120 million yuan to 160 million yuan in 2022, down 215% to 253% from the same period last year.
Hainan Development is a company mainly engaged in curtain wall and interior decoration engineering, photovoltaic glass and special glass deep processing business. Haikong Sanxin (Bengbu) New Energy Materials Co., Ltd. (Hereinafter referred to as "Haikong Sanxin"), the holding subsidiary of the Company, has photovoltaic glass sheet production line and deep processing production line. Its products focus on screen printing, punching, double-layer plating, large-size, thin glass and other aspects. It is a provincial technology center and post-doctoral research workstation in Anhui Province.
The company said that the net profit loss in 2022 was mainly affected by three factors. First, the main products of Haikong Sanxin, a holding subsidiary, are photovoltaic glass products. Affected by the market environment and rising commodity prices, the price of photovoltaic glass has fallen. At the same time, the price of energy and raw materials has risen, and the unit cost has increased by more than 10%, resulting in a sharp decline in gross profit margin. Second, the implementation progress of some curtain wall projects of the company has lagged behind in stages, resulting in a loss of profits. Third, last year, the bankruptcy of the shareholding company was liquidated, and the profit increased by 223 million yuan.
In addition, it is expected to achieve a net return of 350 million yuan to 380 million yuan in 2022, a decrease of 71% to 73% compared with the same period last year.
Jinjing Technology is a company mainly engaged in photovoltaic glass business, soda ash business, building and energy-saving glass business. The company has two different process routes to support two different types of photovoltaic modules. One uses calendering technology, which is positioned to provide upstream support for leading domestic photovoltaic module enterprises, and the other uses float technology.
The company said that the decline in performance in 2022 was mainly due to low domestic demand, high industry inventory, falling sales prices, sharp rise in the prices of major raw materials and fuels, and a sharp decline in gross product interest rates. At the same time, in the same period of last year, there were large non-operating gains and losses such as 81.16 million yuan from the sale of equity in associated companies and 75 million yuan from government subsidies. In addition, in 2022, the impairment of inventory assets is about 38 million yuan, and the loss of asset disposal is about 16 million yuan.
In addition, Ancai Gaoke expects to achieve a net return of 65 million yuan to 85 million yuan in 2022, a decrease of 59.49% to 69.02% compared with the same period last year.
Ancai Gaoke is a company mainly engaged in photovoltaic glass, high-end float glass and natural gas business. The company said that the decline in performance in 2022 was mainly affected by four factors, first of all, the company's main product, photovoltaic glass, was affected by market conditions, prices fell and costs increased.
Secondly, due to the impact of real estate completion and demand less than expected, the profit of float glass decreased. Third, the Company's new photovoltaic glass production line was completed and put into operation, and the increase in sales revenue led to an increase in the balance of accounts receivable at the end of the period, resulting in a relatively large amount of provision for impairment losses. At the same time, the estimated recoverable amount of the seized assets involved in the precious metal case decreased, resulting in a provision for asset impairment losses of about 23 million yuan. Fourth, the research and development costs of photovoltaic glass and other projects increased significantly year on year.
浙公网安备33010802003254号