On July 14, Jingao Science and Technology issued an announcement. It is proposed to raise no more than 8.96 billion yuan (896. 0.3077 million yuan) has been invested in Baotou Jingao (Phase III) 20GW crystal pulling and slicing project, annual output of 10GW high-efficiency batteries and 5G W high-efficiency modules project, and annual output of 10GW high-efficiency solar cells project.
Source: Jingao Company Announcement
Jingao said that this project will help the company to further strengthen the company's capacity layout in the upstream and downstream photovoltaic industry chain, and is an important measure to consolidate and strengthen the company's vertical integration advantages.
According to previous disclosure, Jingao plans to increase its module capacity to 80 GW by the end of 2023, and its silicon wafer and battery capacity will reach about 90% of the module capacity. On the evening of July
11, Jingao Technology announced its semi-annual performance forecast for 2023. In the first half of 2023, the company expects to achieve a profit of 4.2 billion to 4.9 billion, an increase of 146.81% to 187.95% over the same period last year. Non-net profit increased to 4.56 billion-5.26 billion, an increase of 179.33%-222.22% over the same period last year.
Although Jingao said that since the first half of the year, PV module shipments and revenue scale have achieved substantial growth; but in the research activities on the day of the release of the performance forecast, there are still organizations questioning whether the company's second quarter shipments growth rate is not obvious compared with the first quarter, will it affect the annual shipment indicators?
In this regard, Jingao said that the company will strive to keep the annual shipment target of 60 ~ 65GW unchanged in 2023.
This time, Jingao Technologies quickly issued a fund-raising plan to accelerate the construction of a series of photovoltaic projects , or will inject a stabilizer into market confidence.
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