Gelonghui September 5th 丨PV concept stocks ushered in a sharp rise. Aixu shares, Dier Laser, Guangxin Materials, and Innolaser went up and down one after another. At the same time, Saiwu Technology, Zhonglai shares, and Longji shares followed suit.
Looking at the ETF market, Huaan Fund PV ETF Index Fund, Guangfa Fund PV 30 ETF, Cathay PacificPV 50 ETF,PV ETF Ping An and Penghua FundPV ETFThe fund increased by more than 1%.
Since this year, PV ETFs have dropped more than 20%.
The photovoltaic sector is rising today. According to the news, at the company's semi-annual performance briefing this morning, Chairman Zhong Baoshen of Longji Green Energy made an official announcement at the company's semi-annual performance briefing. Next, a large number of the company's products will go the BC technology route. In the next 5 to 6 years, BC batteries will be the absolute mainstream of crystalline silicon batteries, including double-sided and single-sided batteries.
During the investor Q&A session at the performance briefing, Chung Bo-sun clearly stated, “Longji Green Energy's cautious attitude in expanding production in the first two years was mainly based on risk judgments during a period of rapid changes in technology routes. The direction is now clear. In the announced investment plans, BC technology will be used and production will be put into operation at the announced pace.”
Currently, the production capacity of Longji Green Energy BC is mainly for the 30GW HPBC (High Efficiency Composite Passivation Back Contact Technology) battery project, and mass production was put into mass production in the first half of this year. According to reports, at present, the new production line has basically met previous expectations, and production is expected to be achieved by the end of this year.
Aixu Co., Ltd. announced at the SNEC Photovoltaic Conference and (Shanghai) Exhibition that the N-type ABC series has achieved the highest mass production efficiency of 24.27% and delivery efficiency of over 24.0% based on the M10 specification 72-version single-glass module.
BC battery, or back contact (back contact battery), is currently a general term for various types of crystalline silicon solar cells with back contact structures, mainly including IBC, HBC, PBC, ABC, HPBC, etc.
BC batteries transfer all of the electrode gates on the front of the battery to the back of the battery, reduce the blocking of the electrode grid from sunlight, make maximum use of sunlight, expand the effective power generation area, and improve battery conversion efficiency, but the process is complicated and the cost is high.
Looking at fundamentals, the 23H1 PV sector achieved a total of +31%/+39% year-on-year growth in revenue/net profit. Although there was a decline from the same period last year, the boom continued. The total revenue/net profit of the photovoltaic sector increased by +25%/+20% over the same period in 23Q2. Demand for 23H1 photovoltaics is still strong, and PV installations are growing rapidly year-on-year; with the gradual release of industry supply in 23H1, the previous problem of insufficient supply and demand has been alleviated, and prices in the industrial chain have entered a downward phase in the cycle. 23H1, the gross profit margin of the photovoltaic industry was 22%, the same as the previous year; of these, 23Q2, the gross profit margin of the photovoltaic industry was 21%.
Looking at it by sector, silicon silicon wafers: Affected by the rapid decline in product prices, revenue and net profit performance was weak year-on-year, and the leaders were more resilient. 23H1 revenue/net profit was +9%/-10%, and gross margine/net profit margin was 33%/22%, respectively.
Cell modules: Benefiting from lower raw material prices, revenue and net profit have grown rapidly. 23H1 revenue/net profit was +37%/+116%, and gross margine/net profit margin was 17%/9%, respectively.
Inverters: Benefiting from the reduction in raw materials and shipping costs, the gross margin of inverters has increased significantly. 23H1 revenue/net profit was +125%/+271%, and gross margine/net profit margin was 31%/16%, respectively.
Anxin Securities said that according to CPIA's forecast, under conservative/optimistic conditions, the number of new global PV installations in 2023 will reach 305GW/350GW, respectively, an increase of 33%/52% over the previous year. In the first half of 2023, 78.42 GW of domestic photovoltaics were added, an increase of 154% over the previous year. The increase in domestic installed capacity was significant. Combined with policies such as “county-wide promotion” of large-scale development, dual control of energy consumption, and dual carbon targets, the photovoltaic industry continues to be booming.