On August 31, Junda released a record of investor relations activities for the first half of this year's performance presentation. Zhang Manliang, vice chairman, Zheng Hongwei, independent director Shen Wenzhong, Mao Xiaoying, Huang Falian, secretary of the board of directors, Zheng Tong and Chen Ping, deputy general manager of Jietai Science and Technology, participated in the reception. Questions such as the situation of going to sea and technology research and development are answered.
For the future demand of the global photovoltaic industry , Junda shares said that the domestic installation will slow down in the second half of the year due to the impact of the "rush installation" brought about by No.136. However, with the introduction of overseas markets in distributed ", on June 13, 2024, Junda announced that it intends to invest in the construction of 10g W high-efficiency photovoltaic cell capacity in Oman, which will be implemented in two phases, each with 5G W. In July of the same year, Junda disclosed the first phase of the 5G W battery project of the above project, with a total investment of 2.
At the performance presentation meeting, Junda said: "For the project of Oman's annual 5G W high-efficiency battery production base originally planned by the company, the company will fully assess the benefits and risks of the project in the light of international trade, tariff policies and market conditions at home and abroad." Advance the project prudently.
In the semi-annual report of 2025, Junda said: "In the first half of 2025, the international trade situation and tariff policy are complex and changeable, which has a certain impact on the company's overseas investment progress", and the planned Oman 5GW battery project will be prudently promoted.
In addition to the above Oman, Junda shares have also carried out capacity layout in Turkey. In early June this year, Junda's Jietai New Energy Investment (Hong Kong) Co., Ltd. signed a strategic cooperation agreement with Turkey's Schmid Pekinta Pekintaş Energy to build the first 2G W high-efficiency photovoltaic cell production base in Turkey. Later, it is planned to expand to 5G W . Junda said at the performance presentation that it had formally signed a strategic cooperation agreement with Turkey's local component customers.
The original text is as follows:
Question 1: Under the background of the anti-involution policy, how does the company view the future development trend of the photovoltaic industry? In the future, with the continuous implementation of "anti-involution" measures, the backward production capacity of the industry will be cleared at an accelerated pace, which will help to continuously optimize the competitive environment of the photovoltaic industry, further enhance the concentration of the industry, improve the supply-demand relationship of the photovoltaic industry, and continuously repair the price of the industrial chain. As a leading enterprise in the photovoltaic cell industry, the company is expected to achieve profit recovery and sustained growth, benefiting from technological leadership and industry concentration.
Question 2: What is the current situation of the company in the overseas market? How to open up overseas markets in the future? Through the continuous development and certification of customers in emerging markets such as Asia, Europe, North America, Latin America and Australia, the company has continuously built its overseas sales network and strengthened its global customer service capabilities. In India, Turkey, South America and other overseas markets, the company has developed into a leading supplier of photovoltaic products in overseas markets. In the first half of this year, the proportion of the company's overseas sales revenue has increased significantly from 23.85% in 2024 to 51. As a professional photovoltaic cell manufacturer, the company will continue to develop overseas markets in the future, continue to serve global component customers through overseas market sales of battery products, and achieve sustained growth of overseas sales business; On the other hand, through the construction of overseas advanced battery production capacity, it will integrate into the overseas local industrial chain, face the overseas market with high added value, deepen the global market service capacity and battery product supply capacity, and obtain new opportunities for enterprise development.
Question 3: What is the progress of the company's overseas capacity layout? For the project of Oman's 5G W high-efficiency battery production base originally planned by the company, the company will fully assess the benefits and risks of the project and prudently promote the project in the light of international trade, tariff policies and market conditions at home and abroad. In the future, the company will continue to explore diversified modes such as technical cooperation, capacity building and investment cooperation, plan and lay out overseas high-efficiency battery production capacity, and further integrate into the local industrial chain of overseas markets. Meeting the growing overseas " Question 4: How is the company's technology R & D going? In the first half of 2025, the average mass production conversion efficiency of the company's batteries increased by 0. In terms of TBC batteries, the conversion efficiency of the company's pilot TBC batteries increased by 1-1 compared with the mainstream N-type batteries. Establish a leading research and development organization and mechanism, continue to carry out N-type battery process upgrading and technical reserves, through the development and optimization of new processes, to meet the market demand for high conversion efficiency batteries, and strive to create cost-effective batteries, improve the power generation and yield of terminal power stations.
Question 5: At the bottom of the industry cycle and continuous losses, the asset-liability ratio of mainstream listed companies is relatively high. What is the current level of the company? Will the company's future operation improve? With the implementation of the current anti-involution policy and industry self-discipline measures, the price of the photovoltaic industry chain will continue to repair, and the follow-up company will continue to improve its operating performance to ensure that the company's asset-liability ratio is at a reasonable level.
Question 6: Do trade barriers in overseas markets affect the company? As a leading professional battery manufacturer, the company will continue to make use of its own technology and management advantages to carry out joint ventures and cooperation with overseas component customers, achieve high-efficiency battery production capacity to go to sea, avoid the impact of trade barriers, seize overseas development opportunities, and continue to lead the development of the global photovoltaic market.
Question 7: How does the company view the future demand of the global PV industry? However, with the implementation of distributed photovoltaic policy rules and the start of large domestic base projects, it is expected that the domestic installed capacity will continue to grow next year. In the overseas market, according to the installed capacity forecast of the European Photovoltaic Industry Association, the overseas market demand will continue to grow at a high speed in the future, especially in emerging markets such as North America, Latin America and Australia. With the gradual formation of overseas component production capacity, overseas demand for high-efficiency batteries is still strong. In the future, with the continuous improvement of the company's overseas sales network, the continuous landing of overseas high-quality production capacity and the continuous improvement of customer service capabilities, the company will take advantage of the rapid expansion of overseas markets to promote the improvement of the company's operating performance.
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