Earn 200 million a day! The Highest Annual Profit Growth Rate Exceeds 230% in 2022, the Four Leading Silicon Materials Have Super "Gold Attraction"

2023-02-22 13:34:57

Four leading enterprises earn an average of 200 million a day!

On February 19, Xiexin Technologies, the leader of silicon materials, announced its annual performance forecast. The company expects to achieve a net return of no less than 15.5 billion yuan in 2022, with an expected year-on-year growth of no less than 204%.

So far, the annual performance of the four leading silicon materials in 2022 has all been released, with a total net profit of more than 72.7 billion yuan, an increase of more than 150% year-on-year, of which Daquan Energy has the largest increase of more than 230%.

Simple and crude calculation, the four leading enterprises earn an average of 200 million a day! Really earn money to earn soft, but also envy enterprises in other industries.

According to incomplete statistics, nearly 90% of the major photovoltaic listed companies that have announced their performance forecasts for 2022 have achieved positive net profit growth in 2022, among which different links have different performances. The silicon material link is naturally the most beneficial part. Among the

four leading enterprises of silicon materials, Tongwei shares have the largest total net profit, with a total amount of 252-27.2 billion yuan, and Daquan Energy has the largest year-on-year growth rate of 231.94-235.44%. The reason why the

leading enterprises benefit most

from the substantial increase in profits is naturally the high prosperity of the industry, and the main reason is the increase in the volume and price of silicon materials. The four leading companies all mentioned that the demand for polysilicon products is strong, the supply is in short supply and the price is rising.

Xiexin Technologies said in the announcement that the reasons for the substantial increase in net profit were mainly due to the continued high prosperity of the global photovoltaic industry, the shortage of polysilicon products, the rise in both volume and price, and the prominent profit advantage of granular Si licon.

Tongwei said in its performance forecast on January 19 that the main reason for the performance change was the sustained and rapid development of the photovoltaic industry and the strong demand for high-purity silicon and solar cell products in 2022. The scale of solar cell production capacity continued to expand, the product structure was further optimized, and the profit increased significantly year on year.

Daquan Energy pointed out in the announcement that the expansion of production in other sectors of the photovoltaic industry has been accelerated, and the overall supply of high-purity polysilicon materials is still in short supply, resulting in a sustained rise in the price of silicon materials. The company continued to produce at full capacity, and the production and sales volume increased compared with the same period last year, so the main business income and gross profit increased significantly, and the performance increased significantly.

Xinte Energy said that the expected increase in the Group's earnings was mainly due to the increase in the sales volume of polysilicon products in this year compared with the same period in 2021 and the increase in the average sales price of polysilicon products compared with the same period in 2021.

In 2022, the price of silicon materials soared to the sky, reaching a maximum of 320,000 yuan/ton, and an industry insider said that the gross profit was once as high as 80%. Although it once fell to 120000 yuan/ton in December, the above industry insiders said that the gross profit was nearly 50%.

In 2022, in terms of the layout of production capacity scale of major leading enterprises, public data show that Tongwei's silicon material production capacity has reached 330,000 tons in 2022, GCL's silicon material production capacity is about 360,000 tons; Xinte Energy's production capacity is about 200,000 tons, and Daqo Energy's production capacity is about 155,000 tons.

According to the data of Silicon Branch, the national polysilicon production capacity in 2022 is about 1.2 million tons, and the four leading enterprises account for 87%. This shows its strong "ability to absorb money"! How long can

industry boom last?

Foreseeing the high prosperity of the silicon material industry, photovoltaic enterprises will expand production as their important strategic layout from 2022, and silicon material is an important link. But in addition to leading enterprises, the "reverse layout" of other links in the industrial chain, as well as the "cross-border pursuit" of foreign industries, will make the production capacity of silicon materials expand rapidly in the future.

Tongwei shares said that the production capacity of Tongwei silicon materials will reach 350000 tons in 2023 and 800000-1000000 tons from 2024 to 2026. The person in charge

of Xiexin Science and Technology said that by the end of 2023, the production capacity of granular silicon will reach more than 600000 tons, and in 2025, there will be a plan of 1 million tons of granular silicon production capacity. The first 500000 tons are planned to be in China, and the other 500000 tons will be developed overseas according to customer demand.

Xinte Energy plans that the production capacity of silicon materials will reach more than 400,000 by the end of 2023. Daquan Energy plans that the silicon material will reach 305,000 tons in 2023. The

four leading companies have a total planned capacity of 1.655 million tons in 2023, while the Silicon Branch predicts that the polysilicon production capacity will reach 2.4 million tons by 2023, doubling that of 2022. By then, the production capacity of the four leading silicon enterprises will decline to about 69%. While the contradiction between

supply and demand is easing, the rapid expansion of capacity layout also makes the industry begin to worry about the risk of overcapacity, while prices will also enter a downward range, how long can high prosperity of photovoltaic silicon materials last?

However, some industry experts believe that the increase of players in the silicon material sector and the gradual dilution of the high concentration of industry capacity are also good opportunities for the healthy development of the photovoltaic industry chain. Qu Xiaohua, chairman and CEO of

Atlas Sunshine Power Group and academician of Canadian Academy of Engineering, recently said publicly that the advanced development of silicon production capacity has provided valuable room for straightening out the photovoltaic industry chain and created conditions for improving the overall competitiveness of the photovoltaic industry.

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