Financial Associated Press, October 26 (Reporter Wu Weiling)The overall prosperity of the photovoltaic industry is high, pulling the demand of the Diamond Line continues to improve, Meichang shares (300861.SZ) third quarter revenue, net profit continued to increase. A reporter from the Financial Associated Press called the company's securities department to learn that the current production capacity of the Diamond Line has basically reached 16 million km / month, and whether or not to continue to expand production will be decided according to market conditions.

Tonight, Meichang shares announced that the company achieved operating income of 3.313 billion yuan in the first three quarters, an increase of 35.35% over the same period last year, and a net profit of 1.39 billion yuan, an increase of 35.13% over the same period last year. Of this total, the operating income in the third quarter was 1.163 billion yuan, an increase of 26% over the same period last year, and the net profit was 497 million yuan, an increase of 37.21% over the same period last year.

For revenue growth, Meichang explained that it was mainly due to the expansion of the company and the increase in sales. In the first three quarters of this year, the total sales of Meichang Diamond Line was 92.2267 million km, an increase of 42.65% over the same period last year, of which the sales volume of Tungsten Wire Diamond Line was 8.4007 million km.

Benefiting from the growth of new photovoltaic installations, the demand for silicon chips has increased, driving the overall demand of the diamond line industry to improve. According to the data released by the National Energy Administration, photovoltaic newly installed 128.94GW from January to September, an increase of 145.13% compared with the same period last year.

According to the recent judgment of Ji Bang Consulting Trendforce, under the leadership of high growth in markets such as China and the United States, the overall global photovoltaic demand will remain high in 2023, and the new installed capacity is expected to reach 414GWdc (neutral expectation) / 446GWdc (optimistic expectation), an increase of 60.1% / 72.4% over the same period last year.

Under the development direction of "large size + thin slice" of silicon wafer, the tungsten wire with thinner wire diameter and stronger cutting force has gradually become the focus of attention in the industry. The staff of the securities department of the company told the Financial Associated Press that the current diameter of the company's tungsten wire is mainly 26 / 28 μ m, which is further refined than the previous wire diameter.

However, the supply of fine tungsten wire for the busbar of tungsten wire is limited, which has become a practical problem for tungsten wire. In August this year, Meichang set up a wholly-owned subsidiary to develop and produce fine tungsten wire. The company replied in Interactive earlier this month that the output and self-financing rate of the subsidiary are continuing to increase.