Cross-border rookie net profit in the first three quarters fell 70% year-on-year, and photovoltaic projects have been put into operation.

2023-10-23 09:54:56

In the first three quarters of 2023, the revenue of Hebang Biology decreased by 38.68% and the net profit decreased by 70.27% compared with the same period last year. The projects under construction in the photovoltaic field include Wujun's annual output of 8g W photovoltaic packaging materials and products project and Fuxing Technology's annual output of 10GW N + ultra-efficient monocrystalline solar wafers project.

On October 20, Hebang Biology released its third quarter performance announcement. The company's revenue in the first three quarters of 2023 was about 6.434 billion yuan , a decrease of 38.68% compared with the same period last year ; Net profit attributable to shareholders of the listed company was approximately RMB1.019 billion, representing a year-on-year decrease of 70.27% ; basic earnings per share was RMB0.1168, representing a year-on-year decrease of 70.39%.

Hebang Biology said that during the reporting period, it was affected by macro-economy. The increase in the purchase price of some raw materials, the decline in product prices and sales led to a decline in the company's performance compared with the same period last year.

By the end of June this year, the main components of the company's revenue were: chemical industry accounted for 76.25%, photovoltaic industry accounted for 24.86% , glass manufacturing industry accounted for 11.8%, and internal deduction accounted for -12.91%.

In this report, Hebang Biology also disclosed the company's projects under construction, of which the company still has two projects under construction in the photovoltaic field.

1. Chongqing Wujun Photovoltaic Packaging Materials and Products Project with an Annual Output of & nbsp; 8GW & nbsp; has been partially put into production.

At present, the 1000t/d PV glass production line and the 1GW module production line have been put into operation;

the 900t/d PV glass production line is in the trial production stage, and other production lines will be implemented as planned.

2. Fuxing Technology's annual output of & nbsp; 10G W N + ultra-efficient monocrystalline solar wafer project has been put into production. 1.5-2GW  The remaining capacity will be implemented as planned.

Data show that Hebang's biological cross-border is only two years old.

On October 19 last year, Wujun Solar Energy, a subsidiary of Hebang Biology, jointly invested with Tong Xingxue, Hainan Renai Cultural Center and Tianjin Haoding New Energy Partnership to set up Anhui Fuxing Crystal Technology Co., Ltd., whose main business is to produce silicon wafers for photovoltaic power generation . The total investment is 3 billion yuan, and the initial registered capital is 455 million yuan, all of which are cash contributions. Before that

, Wujun Solar Energy has entered the photovoltaic glass business , and has developed photovoltaic packaging materials and products projects in Chongqing, Leshan and Panzhihua.

According to the company's 2022 financial report, Wujun Solar Energy Photovoltaic Modules, Photovoltaic Glass and Monocrystalline Silicon Wafers have been profitable, and contributed 189 million net profits during the reporting period .

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