Gelonghui, May 10 丨According to the Guoxin Securities Research Report, the revenue and profit of Zhonglai Co., Ltd. (300393.SZ) increased dramatically in the first quarter of 2022 and 2023. In 2022, the company's backboard sales volume was 247 million square meters, an increase of 47.2% over the previous year, and remained number one in the industry. The company's planned PV backboard project with an annual output of 250 million square meters has been approved, and backboard production capacity will continue to increase in the future. In addition, the company's N-type TopCon batteries will soon be released. In '23, the company's N-type Topcon production capacity will increase rapidly and significantly exceed module production capacity, and the proportion of battery products sold abroad will increase. At the same time, the company cooperated deeply with China Power Investment to develop distributed photovoltaic business. The two sides complement each other's advantages and strengthen the competitiveness of the joint venture company in the distributed field. The bank maintained the company's profit forecast and maintained an “increase in holdings” rating.