On June 15, Huamin, a cross-border veteran and photovoltaic recruit , received its second inquiry in eight days, just four days after the company announced that it would invest 4 billion yuan to expand production in Dali, Yunnan Province. On the evening of
June 11, Huamin issued a notice. Hongxin New Energy Technology (Yunnan) Co., Ltd. (Hereinafter referred to as "Hongxin New Energy"), a holding subsidiary of the company, intends to invest in the construction of an annual output of 10GW high-efficiency N-type monocrystalline silicon rods, the second phase of the silicon wafer project and a new 10g W silicon rod 4GW silicon wafer project in Dali Prefecture, Yunnan Province. The total investment of the project is about 4 billion yuan .
In the letter of concern on the 15th, the Shenzhen Stock Exchange questioned the necessity and rationality of the new production capacity, the specific investment and financing plan of the funds needed for the investment.
Huamin shares also said on June 16 that it had received an inquiry letter from the Shenzhen Stock Exchange on the annual report of 2022 and responded to it. Digital New Energy DNE noted that both inquiries were related to Hongxin New Energy , a subsidiary of Huamin's photovoltaic business.
In 2022, Huamin shares achieved a revenue of 251 million yuan, an increase of 59.15% over the previous year, which is also the company's revenue has exceeded 200 million yuan again since 2015. Hongxin New Energy , which the company acquired in August last year, contributed 93.5705 million yuan , accounting for 37.
Compared with other enterprises in the photovoltaic industry, it may not be enough, but for Huamin shares, which have been losing money for years. Compared with the previous two failures, it seems feasible to build photovoltaic business into the company's second profit growth pole.
Net profit increased by 1421.03%. "Clouds" reappeared
under the inquiry letter. In April, Huamin announced its revenue and profit data for the first quarter of this year, with a net profit of 5.491 million yuan, an increase of 1421. The growth data is exciting. At the end of
2019, Hongyu New Material, which had not yet changed its name to Huamin Stock, was taken over by Lu Jianzhi, the actual controller of Jianxiang Huihong. At that time, Hongyu Building Material, as a manufacturer of wear-resistant materials, focused on the field of wear-resistant materials and controllable ion infiltration technology.
However, since its listing in 2012, Hongyu Building Materials has only achieved positive net profit growth in 2015 and 2019, and negative non-net profit deduction for six consecutive years after 2016. Cumulative Losses over 6 years 3.
two cross-bank failures, Huamin acquired Hongxin New Energy Technology (Yunnan) Co., Ltd. for 70 million yuan in 2020. Officially entered the " in April, Huamin shares handed over the first report card after cross-border photovoltaic. In 2022, Huamin shares achieved a revenue of 251 million yuan , an increase of 59.15 % over the same period last year; The net profit attributable to the parent company was RMB-34.8857 million , representing a year-on-year decrease of 839.
The revenue profit was in the opposite direction , and the profit deducted from non-profits declined sharply. It has attracted the regulatory attention of Shenzhen Stock Exchange.
In the inquiry letter on June 8, the Shenzhen Stock Exchange asked for a response to the sharp decline in net profit in 2022, the opposite fluctuation of operating income, the negative net profit for four consecutive years, and the provision for impairment of related assets.
2023, the first phase of Hongxin New Energy's "annual output of 10GW high-efficiency N-type monocrystalline silicon rods and wafers project" was put into operation. After the silicon wafer production capacity was put into operation, Hongxin New Energy and its subsidiary Hongxin Dahai jointly formed the industrial layout of "recycling of silicon materials + monocrystalline silicon rods/wafers" .
Affected by the delivery of silicon wafer orders, Huamin achieved a revenue of 194 million yuan in the first quarter of this year, an increase of 391.26% over the same period last year, and a net profit of 5.491 million yuan, an increase of 1421.03% over the same period last year; Deducting non-net profit income of 4.657 million yuan, an increase of 602 over the previous period.
Good revenue data gave the company confidence. Huamin shares said in the reply announcement that Hongxin New Energy is expected to become a new engine of the company's performance growth.
However, Digital New Energy DNE has also noticed that there are many risks in Hongxin New Energy under good performance.
First of all, the company has a high risk of customer concentration. According to Huamin's reply, in 2022, the total sales revenue of the top ten customers of Hongxin New Energy was 87.2999 million yuan, accounting for 93% of the sales revenue of Hongxin New Energy in the current period. The sales revenue of the top five customers was 78.4357 million yuan. Accounting for 83% of the total sales.
crossing the border? In December
2022, within a few months of crossing the border, Huamin shares announced the harvest of orders. On December 28, 2022, Hongxin New Energy reached a sales framework agreement with Anhui Huasheng New Materials Co., Ltd. and Zhejiang Pengzhan New Energy Technology Co., Ltd. respectively, intending to supply 1512 tons of monocrystalline silicon rods and 50 million monocrystalline silicon wafers to them in 2023, with the contract value exceeding 200 million yuan. In May
this year, it was announced again that it had won the mysterious buyer 1.
If the follow-up delivery is successful, the three orders will be directly locked in the company in 2023.
Meanwhile, in February this year. Huamin announced that it would invest 1 billion yuan in Xuancheng, Anhui Province to build a "special monocrystalline silicon wafer project for 10g W heterojunction batteries per year".
On June 11, Huamin shares again announced the expansion of production in Dali Prefecture, Yunnan Province.
At present, many enterprises in the industry have stepped up their capacity armament and thrown out capacity expansion plans, among which Huamin shares have also stepped up the pace of expansion, trying to gain a foothold in the center of the storm and maintain the hard-won victory.
However, the current photovoltaic industry overcapacity risk has become increasingly prominent, silicon materials, silicon wafers are considered to be the hardest hit areas, and even many industry insiders warned that facing a major reshuffle!
浙公网安备33010802003254号