On November 3, Jingao Technologies released a record of investor relations activities. Yang Aiqing, director and vice president of the company, Li Shaohui, chief financial officer, Guo Yafei, president of the photovoltaic business group, and Qin Shilong, secretary of the board of directors, participated in the reception.
Regarding the performance and development of component prices under the background of anti-involution policy, Jingao Technology said: "Enterprises have taken the initiative to adjust low-price orders, clients have gradually shifted from the initial wait-and-see to execution, and the recent price landing situation has improved." Component prices in the domestic market have shown an upward trend, while overseas market demand has formed a certain support, and new and future orders generally reflect price increases. Component prices have shown an upward trend , excluding some cross-year medium and long-term projects that are still performing at low prices.
"Looking forward to the future, due to the seasonal weakening of terminal demand and holiday factors from the fourth quarter to the first quarter of next year, price support may be under short-term pressure, and the follow-up trend will depend on the implementation of the anti-involution policy.". It is expected that with the recovery of market demand in the second quarter of next year, component prices are expected to recover. "
For next year's market demand, Jingao Technology predicts that the new installed capacity in the world will be 500-600 GW ." For next year, the forecasts of various institutions are still growing, but the growth rate has narrowed compared with previous years. "
Jingao Technologies said that the new installed capacity of China's domestic market is expected to be around 310 GW this year and 270-300 GW next year. "Overseas markets, such as Europe, still have a steady growth, and the growth rate in Asia-Pacific and Africa has accelerated." In the
first three quarters of this year, JA Technology's battery module shipments were 51.96 GW, of which overseas shipments accounted for 49.78%; of which battery module shipments in the third quarter were 18.71 GW.
The original text is as follows:
1. How does the company judge the global and domestic demand next year?
We predict that the new installed capacity in the world will be between 580 and 600 GW in 2025. For next year, the forecasts of various institutions are still growing, but the growth rate has narrowed compared with previous years. For the Chinese market, the new installed capacity is expected to be around 310 GW this year and 270 ~ 300 GW next year. For overseas markets, such as Europe, there is still a steady growth, and the growth rate in Asia-Pacific and Africa has accelerated.
2. What is the company's layout and future strategic plan for the energy storage business?
This year, the company has realized the shipment of energy storage, covering household use, industry and commerce, and large storage. The company has established its own design team and pre-sales and after-sales team. In terms of operation, it chooses strategic partners and mainly adopts the asset-light mode of operation. In terms of sales, it uses the company's component sales channels to develop the market.
3. Where is the efficiency ceiling of Topcon?
Topcon's efficiency target is 650 ~ 670W, and there is still much room for improvement in the future. While improving efficiency, we also need to take into account the economy of the product.
4. Under the background of anti-involution policy, the upstream price rises, but the downstream price of components is not obvious. How will the subsequent component price develop?
In the context of the continuous promotion of the anti-involution policy, the state has taken a firm attitude and the industry has begun to respond. Enterprises have taken the initiative to adjust low-price orders, clients have gradually shifted from the initial wait-and-see to execution, and the recent price landing situation has improved. Component prices in the domestic market showed an upward trend, while overseas market demand formed a certain support, especially in the Middle East and European markets, customers had a better understanding of the rising price trend, and new and future orders generally reflected the rising price. Although some cross-year medium and long-term projects are still performing at low prices, which affects the overall average price performance, the component price has shown an upward trend after excluding this factor.
Looking forward to the future, due to the seasonal weakening of terminal demand and holiday factors from the fourth quarter to the first quarter of next year, price support may be under short-term pressure, and the subsequent trend will depend on the implementation of the anti-involution policy. It is expected that with the recovery of market demand in the second quarter of next year, component prices are expected to recover.
5. DeepBlue5.0, the latest product of the company, is on the market. Is there a premium for high-power products and how does the company plan to upgrade its production capacity? We have seen a clear price advantage
in some forward orders. Because the cost of high-power components is higher than that of ordinary products, there will be a certain premium in price. Next year, after all the company's production capacity is released, the premium will be further increased. By the end of this year, about 1/3 of the company's production capacity can be upgraded, and all the company's production capacity has the ability to further improve efficiency.
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