2022! Net profit exceeded 700 million yuan
on March 11, and Junda released its annual performance report for 2022. The announcement said that in 2022, the company realized operating income of 11,597,144,382.61 yuan, an increase of 305.01% over the previous year, and operating profit of 891,475,097.69 yuan, an increase of 983.84% over the previous year; Net profit attributable to shareholders of the listed company was RMB717,110,266.16, representing a year-on-year increase of 501.44%. Founded in 2003 and listed in 2017
, Junda Co., Ltd. was mainly engaged in the research and development, production and sales of automotive plastic interior and exterior accessories, covering automotive dashboards, bumpers, door guards, accessories and so on.
With the fatigue of the growth of the automobile industry in recent years, the traditional automobile decoration business of Junda shares has declined significantly. From 2018 to 2020, its revenue scale shrank year by year, and its net return to its mother also declined for three consecutive years. In
order to reverse the predicament, Junda shares began to "slim down", stripping off the fatigue of growth and serious loss of automotive accessories business, while trying to enter the current fire of the photovoltaic industry track. In February
2021, Junda increased its capital by 150 million yuan to Shangrao Hongye and acquired 12% equity to expand its photovoltaic business. In July
2021, Junda shares transferred 51% of Jietai Technologies through cash payment or agreement transfer. In July
2022, Junda shares again transferred 49% of Jietai Technologies through cash payment or agreement transfer, and Jietai Technologies became a wholly-owned subsidiary of the company. In December
2021, Junda and the Management Committee of Chahe Economic Development Zone in Lai'an, Anhui Province signed the Agreement on Investment Cooperation of High Efficiency Solar Cell Production Base Project, with a total planned investment of about 11.2 billion yuan, of which about 7 billion yuan was invested in fixed assets. Construction of 16g W high-efficiency solar cell project.
The project is implemented in two phases. The first phase is 8GW, with a total planned investment of about 5.6 billion yuan, including about 3.5 billion yuan of fixed assets investment and about 400 mu of planned land. The second phase is about 5.6 billion yuan, including about 3.5 billion yuan of fixed assets investment and about 300 mu of planned land. In March
2022, Junda announced that its subsidiary had signed a Silicon Wafer Procurement Framework Contract with CNC and Hongyuan New Material for a total amount of about 5.909 billion yuan in 2023-2025. In
2022, the net profit of Junda reached 717,110,266.16 yuan, an increase of 501.44% over the same period last year. Finally, after three years of continuous decline, it turned from loss to profit.
Junda said that the reasons for the substantial increase in operating performance include:
1. In 2022, the company divested its loss-making automotive accessories business and completed the acquisition of the remaining 49% equity of Shangrao Jietai New Energy Technology Co., Ltd. (Hereinafter referred to as "Jietai Technology") by the end of July 2022. Jietai Technologies has become a wholly-owned subsidiary of the company, and has been 100% incorporated into the consolidated statements of listed companies since August 1, 2022.
2. In 2022, Jietai Technology continued to expand new production capacity by virtue of its technological advantages, and the first phase of the 8GW project of Chuzhou Base of the Company reached production capacity at the end of the third quarter of 2022. The production capacity of Jietai Technology increased from 8.5G W at the beginning of the year to 17.5G W at the end of the year (P type 9.5G W + N type 8GW). In 2022, Jietai Technology's cell shipments reached 10.72 GW (including 8.85 GW of P-type PERC products and 1.87 GW of N-type TOPCon products), with a year-on-year increase of 88%. Jietai Technology realized operating income of 11,114.63 million yuan, with a year-on-year increase of about 120%; Net profit was RMB728.56 million, representing a year-on-year increase of approximately 223%.
3. In 2022, the PV industry developed rapidly and the demand for PV products continued to grow. The battery sector is affected by the withdrawal of small-size battery production capacity from the market and the iteration of N-type technology upgrade, resulting in a relative shortage of production capacity and a continuous improvement in profitability. The net profit per watt of the company's battery products has increased quarter by quarter, and the main business has fully benefited.
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