On May 31, Jingao Technologies announced that the application for issuing convertible corporate bonds to non-specific targets was approved by the China Securities Regulatory Commission for registration.
According to the previous announcement, Jingao Technologies intends to raise no more than 8.96 billion yuan by publicly issuing convertible bonds. The fund raised will be used to invest in the " Baotou Jingao (Phase III) 20GW Crystal Pulling and Slicing Project" of Baotou Jingao Solar Energy Technology Co., Ltd. Qujing Jingao Solar Energy Technology Co., Ltd. "Annual Production of 10GW High Efficiency Batteries and 5G W High Efficiency Components Project" and Jingao (Yangzhou) Solar Energy Technology Co., Ltd. A total of 20GW/year production capacity of crystal pulling chips, 20GW/year production capacity of high-efficiency solar cells and 5G W/year production capacity of high-efficiency modules will be added .
Jingao Technology said that the increase in the above capacity will further strengthen the company's capacity layout in the upstream and downstream photovoltaic industry chain, which is an important measure to consolidate and strengthen the company's vertical integration advantages.
Extracted from Jingao Technology's announcement
on February 25 that Jingao Technology's battery module shipments in 2022 were 39.75 GW (including 672 MW of self-sustaining power plants), of which overseas module shipments accounted for about 58%.
By the end of 2022, the company's module production capacity was nearly 50GW, and the silicon wafer and battery production capacity was about 80% of the module production capacity. According to the
company's future capacity plan, the company's component capacity will exceed 80 GW by the end of 2023, and the silicon wafer and battery capacity will be about 90% of the component capacity.
Recently, Jingao Technologies said in an institutional survey that by the end of 2023, the company's battery capacity is expected to be about 36 GW of N-type and 40 GW of P-type, while 20 GW is under construction, and the battery capacity will reach 90 GW in the first quarter of 2024.
In addition, Jingao Technology achieved an operating income of 72.989 billion yuan in 2022, an increase of 76.72% over the same period last year, and realized a net profit of 5.533 billion yuan, an increase of 171.40% over the same period last year, which exceeded the total net profit of the three years (2019-2021) after the company's backdoor return to a shares. In the
first quarter of this year, the scale and profit of Jingao Science and Technology reached a new high, achieving an operating income of 20.480 billion yuan, an increase of 66.23% over the same period last year, and a net profit of 2.582 billion yuan, an increase of 244.45% over the same period last year.
Source: Digital New Energy DNE