2023, TCL Central announced that it had signed a list of terms of cooperation with Vision Industries Company to jointly establish a joint venture company and build a photovoltaic crystal wafer factory project in Saudi Arabia. "It will bring tremendous support and help to promote energy transformation in Saudi Arabia, the Middle East and possible markets in Europe and Central Asia along the Belt and Road.".
In fact, this is not the first time that TCL Central has increased its international market. In May 2023, TCL Zhonghuan invested $42 million to subscribe for Maxeon's additional shares in Nasdaq. After the issuance, the total shareholding ratio of TCL Zhonghuan is 23. It is reported that MAXEON is the world's leading manufacturer of photovoltaic cells and components. The latest full-scale Maxeon 7 module aperture efficiency measurement creates a 24.
01. The reason why TCL Zhonghuan, which has excellent photovoltaic resources in the Middle East
, went to sea to lock in the Middle East is mainly due to the strategic orientation of the region and the extremely favorable geographical resources. is undeniable." The unique oil energy makes many Middle East countries "make money lying down", but this abnormal industrial structure also hinders the development of other industries in these countries. With the intensification of geopolitics and the rise of new energy industries, the "oil economy" of the Middle East countries is also facing the challenge of exhaustion.
In response, McKinsey Consulting has said that "in view of changes in the global energy market and demographic structure, Middle East countries can no longer rely on oil revenue and public investment to promote economic growth for a long time."
In fact, most Middle East countries have seen the above problems, so they have laid out new energy industries. For example, Saudi Arabia's previous "Vision 2030" development strategy shows that renewable energy is expected to account for 50% of the country's energy structure by 2030.
Although they can no longer rely on oil to "make money lying down", compared with other countries, some Middle East countries still have unique advantages in the photovoltaic field-sunshine.
Because of the tropical desert climate, the solar radiation energy in the Middle East is very high. Countries such as Israel, Jordan and Saudi Arabia, for example, have an annual solar exposure of 8,640 MJ/m ². For comparison, the annual solar radiation in the Qinghai-Xizang Plateau, northern Gansu and northern Ningxia is only 5040-6300 MJ/m ².
Because the "oil economy" has accumulated huge wealth, can bear higher infrastructure costs, and is aware of the unique local light resources, most Middle East countries are currently focusing on the transformation of new energy on photovoltaic.
For example, Saudi Arabia's national renewable energy plan shows that the installed capacity of new energy generation is expected to reach 58.7 GW in 2023, of which the installed capacity of photovoltaic power generation is 40 GW, accounting for 68
. In addition to the eager desire for transformation and natural regional resources, the Middle East region also has the low-cost advantage of developing the photovoltaic industry. Survey data show that Saudi Arabia's electricity price is 27% -40% lower than China's due to the low cost of oil energy.
On this basis, with the help of the location advantages of the Middle East, TCL Zhonghuan's crystal wafer products can also radiate to Europe, Central Asia and other places at low cost, thus achieving greater economies of scale.
02. Industry 4.0 provides strong support
for globalization TCL Zhonghuan chose to accelerate the process of internationalization at this time, largely because after years of operation, based on industry 4.
TCL Central began to positively lay out the industry 4.2022 financial report. TCL Zhonghuan's crystal Ningxia Yinchuan 50GW (G12) solar grade monocrystalline silicon material intelligent factory, wafer annual output of 25 GW high-efficiency solar ultra-thin silicon single wafer intelligent factory, The annual output of 35 GW high-purity solar ultra-thin monocrystalline silicon wafer intelligent factory and its supporting projects are all industrial 4.
N-type TOPCon batteries can also be shingled with 3.
While improving product quality, industry 4. Official data show that, based on industry 4.
Behind the reduction in production costs, TCL Central can get rid of its dependence on skilled workers. Traditional industries rely heavily on "old masters", mainly because the cognition and efficiency of workers can greatly affect industrial output, so mature workers are needed.
On the other hand, TCL Central's industry 4.
Reflected in the financial report, TCL Central can continue to attract customers, and then create an amazing business myth. In 2022, the production capacity of TCL Zhonghuan Crystal is 140GW, of which the advanced production capacity of G12 accounts for 90%, the export market share of photovoltaic silicon wafers is the first in the world, the market share of G12 is the first in the world, and the export market share of N-type silicon wafers is the first in the world.
During the same period, TCL Central's revenue was 67.010 billion yuan, an increase of 63.02% over the previous year, exceeding the sum of 2020-2021, and its net profit was 6.819 billion yuan, an increase of 69.21% over the previous year, exceeding the sum of 2018-2021. Total assets reached 109.134 billion yuan, an increase of 39.
This is just the beginning. With the global photovoltaic industry from the pursuit of "quantity" to the pursuit of "quality", TCL Zhonghuan's performance has the possibility of further exploration. According to the data disclosed
by CPIA, N-type, large-size and thin silicon wafers are the trend of the times. In 2021, the market share of N-type monocrystalline silicon wafers is only 4.1%, which is expected to rise to 48 in 2030. Coincidentally, the market share of large-size silicon wafers will also increase from 4 in 2021.
The financial report shows that in 2022, TCL Central "high-quality products represented by 210 large-size silicon wafers are in short supply". The new production capacity is 210 advanced production capacity. It is estimated that in 2023, the crystal production capacity of TCL Zhonghuan will reach 180GW, maintaining the first scale of single crystal in the world. This supply chain layout, which is extremely in line with the market trend, undoubtedly indicates that TCL Central's performance will rise to a higher level.
In a word, based on industry 4. This is the underlying foundation for TCL Central to deliver outstanding performance.
It is commendable that TCL Central is not satisfied with the status quo, but actively entering the overseas market. Considering that the overseas market represented by the Middle East has many unique geographical advantages for the photovoltaic industry, the combination of TCL Central's cutting-edge industrial chain technology and the market dividends in the Middle East will undoubtedly create more extraordinary value.
浙公网安备33010802003254号