Photovoltaic leader: project delay, overseas layout and gratifying performance

2024-04-12 17:40:05

The market share of photovoltaic film is over 50%.

On April 11, Fosta, the film leader, issued several announcements concerning project investment, project postponement and 2023 annual performance.

On April 11, Foster announced that the company intends to postpone the production of the flexible copper clad laminate (material) project with an annual output of 5 million square meters (hereinafter referred to as the flexible copper clad laminate project) from December 2024 to December 2025; The annual output of 250 million square meters of high-efficiency battery packaging film project (hereinafter referred to as the film project) will be postponed from June 2024 to December 2025.

By the end of December 2023, the flexible copper clad laminate project has completed the construction of part of the plant, and the project has actually invested 51.5261 million yuan of raised funds, and the balance of unused raised funds is 238.4739 million yuan, which is used for temporary replenishment and deposited in the special account of raised funds.

The plastic film project has completed the construction of part of the plant and the installation of part of the equipment. A total of 178.6852 million yuan of the raised funds has been actually invested in the project, and the balance of the unused raised funds is 266.654 million yuan, which is used for temporary replenishment and deposited in the special account for raised funds.

In view of the reasons for the delay, Foster said that the company launched the technical renovation project of Suzhou Base in 2023, which will greatly improve the production capacity of Suzhou Base after the completion of the technical renovation, in order to match the actual demand of downstream photovoltaic modules , ensure the reasonable level of capacity utilization of each base, and improve the production capacity of Suzhou Base. Decided to slow down the pace of production. The

flexible copper clad laminate project is based on the fact that the development of the domestic industry lags behind the development of flexible printed circuit boards. The company has decided to gradually develop the technical route of products from low-end to high-end. In the process, the company has continuously explored and improved the production equipment and continuously increased the supporting imported equipment according to the needs.

In order to meet the needs of overseas business development, implement the company's development strategy and further enhance its international competitiveness, Foster intends to invest US $5 million to set up New International Trade Co., Ltd. in Singapore. Invest USD 5 million to establish Thailand Foster Electronic Materials Co., Ltd. in Thailand.

2023 revenue 22.588 billion, film business revenue accounted for more than 90%

on the same day, Foster released the 2023 annual report, during the reporting period, the company achieved revenue 22.588 billion, an increase of 19.66% over the same period last year; Net profit attributable to parent company was 1.850 billion, up 17.20% year on year. Net profit of 1.713 billion yuan, an increase of 18.64% over the same period last year.

Specifically, the company's photovoltaic packaging materials business, electronic materials business, functional film materials business and photovoltaic power generation business achieved 21.808 billion yuan, 520 million yuan, 115 million yuan and 51.0837 million yuan respectively, accounting for 96.54% of the total revenue; 2.30%、0.51%、0.23%。 In the photovoltaic packaging business, the company's photovoltaic film business contributed more than 20 billion revenue, accounting for more than 90% of the total revenue, which is the company's largest business.

In 2023, the company produced 2.301 billion square meters of photovoltaic film, an increase of 68.61% over the same period last year; the sales volume was 2.249 billion square meters, an increase of 70.22% over the same period last year, and the market share exceeded 50%. The output of PV backplane was 152 million square meters, representing a year-on-year increase of 26.42%, and the sales volume was 151 million square meters, representing a year-on-year increase of 22.70%.

In the future, Foster will accelerate the expansion of high-quality production capacity of photovoltaic film and photovoltaic backplane at home and abroad, continue to stabilize the industry structure of photovoltaic film, and enhance the global market share of photovoltaic backplane. At the same time, the company will seize the development opportunities of the electronic information industry in emerging areas, continue to develop high-end products and expand high-quality customer groups, so as to form customer synergies among photosensitive dry film, photosensitive covering film and FCCL products, drive the sustainable development of the entire electronic materials business, and strive to become the world's leading supplier of electronic materials within 3-5 years.

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The market share of photovoltaic film is over 50%.

2024-04-12 17:40:05