Atlas: Net profit in the first three quarters is expected to increase by 107% -147%; top customers default on payment and performance declines! TCL Zhonghuan subsidiary laid off employees; over 1 bill

2023-10-13 15:50:46

Atlas: Net profit in the first three quarters is expected to increase by 107% -147%; top customers default on payment and performance declines! TCL Zhonghuan subsidiary laid off employees; over 1 billion yuan! GCL New Energy Sells Shares in 36 Companies

< Today's Highlights & >

1. Atlas: The net profit in the first three quarters is expected to increase by 107% -147% (click the title to view the full text)

. Atlas announced on October 12 that the net profit attributable to the parent company in the first three quarters of 2023 is expected to be 2.6 billion yuan to 3.1 billion yuan, an increase of 107% to 147% over the same period last year. It is estimated that the net profit deducted from non-attributable parent in the first three quarters of 2023 will be RMB 2.33 billion to RMB 2.83 billion, an increase of 104% to 148% compared with the same period last year.

In response, Atlas said that during the reporting period, the company's global shipments of photovoltaic products increased significantly, combined with the decline in raw materials, sea freight and other comprehensive unit costs, gross interest rates increased significantly year-on-year.

2. Top customers are in arrears and their performance is declining! TCL Zhonghuan Subsidiary Layoffs!

According to foreign media reports, Maxeon Solar Technologies, a subsidiary of TCL Central, said in a statement recently that the company would lay off 15% of its staff worldwide. The reason is that it is affected by the market situation and the default of top customers. He said he expected most of the layoffs to be completed by the end of this year.

3. Over 1 billion yuan! Xiexin Nengke announced on the evening of October 12 that Xiexin New Energy sold shares

of 36 companies. Suzhou Industrial Park Xinkunneng Clean Energy Co., Ltd. (Hereinafter referred to as "Suzhou Xinkunneng"), a holding subsidiary, intends to acquire all the equity interests of 36 target companies held by 13 subsidiaries of GCL New Energy Holding Co., Ltd. (Hereinafter referred to as "GCL New Energy") with self-raised funds in cash. After the completion of this transaction, it will actually acquire the 583.87 MW photovoltaic power generation project of Xiexin New Energy. The announcement shows that after evaluation, the total value of the shareholders'equity of 36 target companies is 1.182 billion yuan, and the total transfer price of the target equity of this transaction is 1.094 billion yuan, and the actual transfer consideration after deducting the deficiency is 1.04 billion yuan.

4. The net profit of quartz crucible enterprises soared, sprinting for IPO, and the asset-liability ratio was much higher than that of their peers

. Under the soaring net profit, Zhejiang Meijing New Materials Co., Ltd. (Hereinafter referred to as "Meijing New Materials"), a subsidiary of Jingsheng Mechatronics Holdings, met the conditions for listing and began to attack the GEM independently. According to the official website of Shenzhen Stock Exchange, the IPO of Meijing New Material GEM has been accepted recently. However, during the reporting period, the asset-liability ratio of Meijing New Material, whose net profit increased sharply, was significantly higher than average of its peers.

< Project Progress >

1. On the evening of October

12, Haitai Xinneng, a listed company on the Beijing Stock Exchange, announced that the TopCon battery project originally planned to invest 2.5 billion yuan in Yancheng would not be carried out, but would be changed to Chuzhou, Anhui Province. Invest 5 billion! As to why the project address was suddenly changed, Haitai Xinneng said in the announcement that it was because of the land supply problem. The original project is to build 10g W-TopCon high-efficiency photovoltaic cell project in Yancheng, in which 5G W is planned to be built in the first phase, which is now changed to "Chuzhou 10GW TopCon high-efficiency photovoltaic cell project" .

2. Yongfu Co., Ltd.: Intends to invest 600 million yuan to build BANDARBAN 70MW (AC) photovoltaic power station

in Bangladesh. On October 12, Yongfu Co., Ltd. announced that in order to further promote the company's international strategic layout and expand overseas new energy investment business, Intends to Pinnacle Omni Traders through a wholly-owned subsidiary YONGFU ONE SINGAPORE NEW ENERGY DEVELOPMENT COMPANY PTE. LTD. (Hereinafter referred to as "Yongfu Xinneng"). Ltd. ( "POT"), Air & The Wave Pvt. Ltd. ( "AWP") co-invested in the BANDARBAN 70 MW (AC) Photovoltaic Power Generation Project in Bangladesh. The construction scale of the project is about 95 MWp, and the total planned investment is about 97.5448 million dollars.

3. With a total investment of 1 billion yuan, Greenpaul's 2GW TOPCon battery project was put into operation

on the morning of October 8, 2023. The first 210 battery of Greenpaul's 2.0GW high-efficiency TOPCon solar battery project was successfully launched in Changzhou, Jiangsu Province. This marks that Greenpaul's annual output of 2.0 GW high-efficiency TOPCon solar cell project has been formally completed and put into trial production, which will further lay the foundation and advantages for Greenpaul's high-quality development. Greenpaul's annual output of 2.0 GW high-efficiency TOPCon solar cell project has invested 1 billion yuan.

All can be viewed after purchase
Correlation

1. The price of photovoltaic modules is approaching the 1 yuan mark, causing profit worries in the whole industry chain. 2. Mingyang Intelligence completed the industrial and commercial changes and expanded the manufacturing and sales of photovoltaic equipment. 3. Yunnan will improve the time-of-use electricity price policy from next year, with a price ratio of 1.5: 1: 0.5 during peak, normal and valley periods. 4. Prager Energy was sold off by investors, and the hydrogen energy industry faced challenges. 5. Zinc-bromine liquid flow energy storage project and Linyuan energy storage project were started to promote the development of new energy industry.

2023-11-17 16:06:57

Atlas: Net profit in the first three quarters is expected to increase by 107% -147%; top customers default on payment and performance declines! TCL Zhonghuan subsidiary laid off employees; over 1 billion yuan! GCL New Energy Sells Shares in 36 Companies

2023-10-13 15:50:46

PV Three-quarter Forecast Summary; Jinko's Third-quarter Module Shipments Exceed Expectations; Dongfang Risheng's "underreport" Huge Contract Dispute

2023-10-11 16:08:27

Perovskite Scientist Wins Nobel Prize in Chemistry; Blackstone Group Plans to Buy 52% of Guruiwatt for $1.5 Billion; What Does It Mean that the Price of Energy Storage Cell Is as Low as 0.5 yuan/Wh?

2023-10-07 15:44:23

Over 600 million pieces! Madison invested 2.125 billion yuan to purchase silicon wafers; Longji reduced the price of silicon wafers again; Jinko sold 212.19 MW photovoltaic power plants with more than 2.6 million yuan

2023-09-26 16:01:10

Tongwei, Xiexin, Longji … The assets of six photovoltaic enterprises exceed 100 billion, and the list of China's top 500 enterprises is announced; 298 million! Jingke Technology Acquires 50% Partnership Share of Zhejing Photovoltaic and 0.01% Equity of Zhejing Energy

2023-09-21 16:14:49

Photovoltaic cell shipment ranking released in the first half of 2023; Inner Mongolia: by 2025, the production scale of crystalline silicon materials will account for more than 40% of the country's total; "wind and solar distribution and storage" is definitely not the right path!

2023-09-19 15:42:52

Zhejiang: Achieve the production capacity of 150GW photovoltaic, 100GWh energy storage and 5000 sets of hydrogen fuel cells in 2025; the production capacity of photovoltaic glass in Qibin nearly doubled in April; Guodian Investment Corporation will produce components

2023-09-11 16:26:47

Silicon material breaks through 90 thousand, component approaches 1.1 yuan, silicon chip bibcock rises in price … Photovoltaic industry chain market overview; Yitong, Longji, Jinko, Dongfang Risheng and other 7 companies plan to share the bidding of 10.6G W modules

2023-09-01 15:22:32

The project is planned to be ignited and put into operation at the end of July 2026. After completion, it will produce 1.24 million tons of clinker, 1.64 million tons of cement, 33.5 million degrees of electricity, an annual output value of 520 million yuan and a tax payment of about 60 million yuan.