India conducted a survey on 40 Chinese photovoltaic enterprises; Otway's profit increased in the first three quarters; TCL Zhonghuan's profit did not increase in the first three quarters

& lt; Today's Highlights & gt;

1. Suspected of Tax Evasion, India Investigates 40 Chinese PV Companies? In mid-

October, foreign media reported that India's income tax department was investigating about 40 Chinese photovoltaic companies on suspicion of tax evasion, covering the company and its distributors in India. Chinese solar module manufacturers with factories in India include Trina Solar, JinkoSolar, Longji Green Energy, Atlas Solar Power, Zhongsheng Solar, Zhengtai Solar and GCL Energy Holdings Limited .

2. Orders in hand reached 11.5 billion! New energy equipment manufacturer Otway's profit in the first three quarters increased

recently, Otway released the third quarterly report of 2023, the company achieved revenue of 4.239 billion in the first three quarters, an increase of 76.74% over the same period last year; net profit of 851 million, an increase of 79.52% over the same period last year. Among them, the third quarter achieved revenue of 1.722 billion yuan, an increase of 94.38% over the previous year, and net profit of 329 million yuan, an increase of 87.64% over the previous year.

3. For the first time in a decade! TCL Central did not increase profits in the first three quarters, causing its share price to fall by more than 5%

. On October 25, TCL Central, the leader of photovoltaic silicon wafers, announced its first three quarters results. The company's third-quarter performance continued to grow, but its single-quarter net profit fell 20% year-on-year, which is the first time that TCL Central's revenue has declined year-on-year in the same period in the past decade.

4. In order to optimize the distribution of overseas production capacity and enhance the sales coverage and service support in Latin America, CITIC Bo announced on October 25 that it planned to invest 430 million yuan to build a 3GW factory

in Brazil. The total investment is not more than RMB430 million. From 2016 to 2020, the company ranked among the top five photovoltaic tracking brackets in the world.

< Project Progress & >;

1. Overdue! Jiangxi abolished the construction of 34 photovoltaic projects, totaling 2.9 GW,

on October 25, the Jiangxi Development and Reform Commission issued the "Notice of Jiangxi Energy Bureau on the Clearance of Overdue Photovoltaic Projects ", which indicated that as of September 30, 2023. Among the photovoltaic projects included in the competitive optimization scheme in 2021, 34 projects with installed capacity of 2.894 million kilowatts have not been started (see Annex 1 for details). According to the requirements, the construction scale of the above projects has been cancelled and the corresponding grid consumption space has been vacated.

225.4 million!

On October 25, Binhai Energy announced that its subsidiaries and Sun Company had signed major investment framework agreements with local government agencies respectively, and the project would be constructed in two places.

The subsidiary company Baotou Xuyang New Energy Technology Co., Ltd. and the Management Committee of Baotou Rare Earth High-tech Industrial Development Zone signed the "On the Integration of Photovoltaic Solar Cell Modules" According to the Investment Agreement of the Project (Agreement I), Baotou Xuyang New Energy will construct a photovoltaic solar cell and module integration project within the jurisdiction of the Management Committee of Baotou Rare Earth High-tech Industrial Development Zone.

Sun Company Baotou Xuyang Silicon Material Technology Co., Ltd. and the People's Government of Tumote Right Banner signed the Investment Agreement for the Integrated Project of Industrial Silicon, Polycrystalline Silicon, Monocrystalline Silicon Crystal Pulling and Monocrystalline Silicon Slice ( "Agreement II"). The two sides reached a preliminary intention on the way and content of cooperation. After negotiation, Baotou Xuyang Silicon Material will build an integrated project of industrial silicon, polycrystalline silicon, monocrystalline silicon pulling and monocrystalline silicon slicing in the chemical industry park of Tumote Right Banner New Industrial Park.