of July 4, TCL Central announced that it would issue convertible corporate bonds to unspecified targets. It is proposed to raise no more than 13.8 billion yuan (including 13.8 billion yuan) for the annual production of 35 GW high-purity solar ultra-thin monocrystalline silicon wafer smart factory project and TCL Zhonghuan 25GW N-type TOPCon high-efficiency solar cell industry 4.0 smart factory project.
TCL Zhonghuan said in the announcement that the construction of this project will be conducive to giving full play to the synergistic advantages of the "G12 + shingled" industry chain, further consolidating the company's core competitiveness, providing customers with ultra-high power shingled components with lower cost of electricity, and enhancing the technical capacity and commercial value of the entire photovoltaic chain.
TCL Zhonghuan is the global leader in silicon wafer manufacturing in the photovoltaic industry , and since 2021, the company's silicon wafer shipments have remained the world's first.
By the end of the first quarter of 2023, the total production capacity of TCL Zhonghuan single crystal has reached 150GW , and the company has also extended the industry to downstream components. The differentiated component route of " G12 + N + shingle (component) " has been preliminarily constructed.
According to the 2022 annual report, TCL Central achieved revenue of 67.010 billion yuan, an increase of 63.02% over the previous year, and net profit of 6.819 billion yuan, an increase of 69.21% over the previous year. Among them, the revenue of photovoltaic wafer and module business was 61 billion 742 million yuan, accounting for more than 92% of the total revenue.
TCL Zhonghuan said that relying on the technological advantages and flexible manufacturing capabilities of G12 and shingled platforms, the level of component manufacturing and product strength have been significantly enhanced, while giving full play to the ability of upstream and downstream linkage to digest super-standard silicon wafers, and the competitiveness of products has been continuously improved. In the
first quarter of this year, TCL Zhonghuan's performance continued to be booming. During the reporting period, TCL Zhonghuan achieved 17.619 billion yuan in operating income and 2.464 billion yuan in net profit attributable to its parent company, up 31.80% and 69.15% respectively, a record high in the same period.
With strong capital support, TCL Central is no longer satisfied with the leading position of silicon wafers, and continues to sprint to the field of batteries and components.
According to the previous Guohai Securities Research Report, by the end of 2022, TCL Central has completed the production capacity of 12 GW shingled components, and is expected to continue to expand to 30 GW in 2023 . In terms of
batteries, on June 21 this year, TCL Zhonghuan Photovoltaic Cell Project officially started in Huangpu, Guangzhou, and the rise of TCL Zhonghuan Battery began.