The performance of quartz shares has increased by more than 200%, and quartz sand is still promising in 2023.

On January 30, Quartz issued a performance forecast for 2022, predicting a net profit of 980-1.08 billion yuan during the reporting period. Compared with the same period of last year (statutory disclosure data), it will increase by 697 million yuan to 800 million yuan, an increase of about 248.06% to 284.72% . The main reason for the expected increase in

results:

In 2022, the Company's operating results achieved rapid growth, driven by the rapid growth of demand in downstream photovoltaic, semiconductor and other industries. The market demand for quartz materials used in the photovoltaic field increased significantly as compared with the same period last year, and with the gradual release of new production capacity, both production and sales were booming. Quartz materials used in semiconductors benefited from the continuous certification of international semiconductor equipment manufacturers in recent years and the continuous investment in research and development over the years, and the market was also rapidly expanded, and the profitability of the main products was significantly better than that of the same period. The sales volume

of high-purity quartz sand is expected to continue to increase, and the price increase + product structure optimization is expected to continue to be realized.

1) Sales volume: It is expected that the sales volume of high-purity quartz sand of 22Q4 will continue to increase on a month-on-month basis. Considering that the third phase project of 60000 tons of high-purity quartz sand planned by the company is expected to be put into operation gradually in 23H2, and the 150000 tons of semiconductor grade high-purity quartz sand project is expected to land gradually in the future, the sales volume is expected to continue to increase.

2) Price: The decline in the price of silicon materials is expected to stimulate the demand for photovoltaic terminals. It is expected that the output of silicon wafers will increase by more than 40% in 2013, which is expected to drive the demand for high-purity quartz sand to continue to increase. Under the pattern of "two overseas companies + one domestic company", we expect that the new supply of the industry will be limited, and the new supply will mainly come from the company; It is expected that the supply of high-purity quartz sand will still be in short supply in 23 years, and the supply gap in the first three quarters of 23 years may be larger. High-purity quartz sand has become a bottleneck in the production of photovoltaic silicon wafers, which is expected to condense more industrial chain profits and price elasticity can be expected.

Product structure: The Company actively promotes the optimization of product structure. Considering that the competition pattern of inner layer sand of quartz crucible is better and the Company's technology continues to break through, it is expected that the proportion of inner layer sand of the Company will continue to increase, and the unit price of inner layer sand will be higher, which is expected to further increase the overall average price of the Company.