Jiangsu Simba New Material Technology Co., Ltd. announced on February 08 that due to the company's business development needs, the company intends to set up a wholly-owned subsidiary "Simba Power Technology (Jiangsu) Co., Ltd." The registered address is Group 33, Liuwei Village, Qutang Town, Haian City, Nantong City, Jiangsu Province, and the registered capital of the wholly-owned subsidiary is RMB 10,000,000.00 yuan.
This investment is intended to involve technical consultation, design, general contracting, construction and installation, operation and maintenance of photovoltaic power facilities, and use solar photovoltaic technology to generate electricity in urban and rural construction areas, so as to achieve the goal of energy saving and emission reduction. In order to implement China's commitment to the world's energy conservation and emission reduction targets and strengthen policy support for the new energy economy strategy, the relevant ministries and commissions of the state launched the solar roof plan.
Tongbi Finance and Economics understands that the company is mainly engaged in the research and development, production and sales of photovoltaic tempered glass, and is committed to providing customers with stable quality and cost-effective products .
According to the data of the National Bureau of Statistics, the output of tempered glass in China in December 2019 was 50.09 million square meters, representing a year-on-year increase of 7%; the output of tempered glass in China from January to December 2019 was 525.92 million square meters, representing a year-on-year increase of 4.4%. In recent years, with the development of the real estate industry, deep processing of glass ushered in a peak of development. The annual output of tempered glass shows an increasing trend, and the growth rate has slowed down in recent years. According to statistics, from January to July 2020, the output of tempered glass in China was 263.003 million square meters, representing a year-on-year decrease of 15.06%. As an important branch of the photovoltaic industry, the development of
photovoltaic glass industry started late in China, and its market demand is closely related to the installed capacity of photovoltaic. Under the background of global commitment to the development of clean energy, photovoltaic power generation is booming. Photovoltaic glass originated in Europe, and Chinese manufacturers entered the photovoltaic glass industry after 2006. Whether from the international or domestic perspective, the market concentration of photovoltaic glass industry is very high. Globally, about 80% of photovoltaic modules in the world use photovoltaic glass produced in China.
According to China Research Puhua Research Report "China Photovoltaic Glass Market In-depth Survey and Research Report 2020-2025", the global installed capacity of photovoltaic may reach 1721 GW by 2030, and is expected to increase to 4670 GW by 2050. It will drive the development of photovoltaic glass.
According to the report released by MRF, the annual compound growth rate of the global solar photovoltaic glass market is expected to reach 34% in 2018-2023. The government's policy encouragement for renewable energy is a key driver for the development of the global solar photovoltaic glass market. This may be the main driving force of the solar photovoltaic glass market in the future, and the research of products can not be separated from the strong support of the government. With the maturity of the technical framework of the industry, the price of solar photovoltaic glass is also gradually declining, which will become the main driving force for the development of the solar photovoltaic glass market. The residential sector is more sensitive to innovative products such as solar photovoltaic glass than industrial and commercial sectors, so this sector will occupy a major share of the solar photovoltaic glass market. In 2017, the global solar photovoltaic glass market was $4.5 billion, which is expected to increase to $19 billion by 2023.
The company's main competitors are Xinyi Solar Energy Holdings Limited, Flat Glass Group Limited and Rainbow Group New Energy Limited.
The company's five major customers are Hunan Red Sun New Energy Technology Co., Ltd., Nantong Zeyi Solar Energy Technology Co., Ltd., Changzhou Suntech Solar Power Co., Ltd., Wuxi Haida Safety Glass Co., Ltd., and Jiaxing Aolifu Photovoltaic Technology Co., Ltd.
The company's five major suppliers are Anhui Shengshi New Energy Material Technology Co., Ltd., Nantong Taide Special Glass Technology Co., Ltd., Shuyang Xinda New Material Co., Ltd., Wuhan Liande Glass Co., Ltd., and Tangshan Jinxin New Energy Technology Co., Ltd.
From the company's financial data in the past five years, the total operating income in the past three years has increased year on year, and the increment is good; the net profit level in the past four years is excellent; the return on equity level is good, and the profit level is good.
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