Shanghai Securities News China Securities Network News Recently, Shuangliang Energy Conservation, as an expert in energy conservation and water conservation and a newcomer in the photovoltaic industry, released the first quarter report of 2022. During the reporting period, the company achieved operating income of 1.734 billion yuan, a year-on-year increase of 299%; net profit attributable to the parent was 121 million yuan, a year-on-year increase of 340%; deducted non-net profit of 101 million yuan, a year-on-year increase of 638%. Whether it is profit or revenue, Shuangliang has hit a new high in the first quarter since its listing in 2003.
According to reports, the revenue of 1.734 billion yuan has reached nearly half of the total revenue of 3.830 billion yuan in 2021, which is equivalent to completing half a year of revenue generation in one quarter. In addition, behind the dazzling performance, Shuangliang Energy Conservation has also been recognized by the National Social Security Fund. On the list of the top ten shareholders in the company’s first quarterly report, the National Social Security Fund 412 portfolio continued to increase, and the total number of positions held reached 9.03 million shares.
The main business of Shuangliang Energy Conservation can be classified into two parts: energy saving and water saving system and new energy system. In the first quarter of this year, the company’s performance increased significantly, mainly due to the company’s new energy system sector, including the growth of polysilicon reduction furnace business, monocrystalline silicon ingot and silicon wafer business. It is reported that the company’s polysilicon reduction furnace business has signed many large-scale sales orders as early as last year, which provides a solid guarantee for the company’s continuous revenue generation. According to statistics, from 2021 to the end of the first quarter of 2022, the total amount of polysilicon reduction furnaces and related orders signed by Shuangliang Energy Saving reached 3.5 billion yuan, and the business revenue in 2021 was 980 million yuan. That is to say, even if there are no more new orders, there is a high probability that the subsequent revenue of polysilicon reduction furnaces will be 2.5 billion yuan.
Secondly, the production capacity of the company’s new monocrystalline silicon wafer business in 2021 also climbed smoothly, contributing a considerable part of the company’s revenue in the first quarter. According to the announcement, at present, 560 sets of 1600-type single crystal furnaces (equivalent to an annual production capacity of 8GW) of Shuangliang Energy’s first single crystal factory in Baotou have been fully put into operation. Shipments total about 0.9GW. The construction progress of the second monocrystalline plant has also exceeded expectations, and it is gradually put into production. The company will achieve an annual production capacity of 20GW+ in the first phase as soon as possible within the year.
Whether it is the energy-saving and water-saving business that Shuangliang Energy has been deeply engaged in for many years, or the photovoltaic new energy business that it is fully promoting, it will benefit from the booming development of the industry for quite some time in the future.
On the one hand, driven by the “double carbon” plan, Shuangliang Energy’s energy-saving and water-saving business will continue to benefit deeply. On the other hand, the photovoltaic boom is still accelerating, which will continue to boost the market demand for businesses such as polysilicon reduction furnaces, silicon wafers, and modules.
In order to seize the opportunities in the industry, the production of photovoltaic equipment such as polysilicon reduction furnaces of the company has been busy recently, and it is actively preparing for a more concentrated delivery in the second half of the year. In the first quarter, Shuangliang Energy Conservation officially launched the investment and construction plan for the second phase of the monocrystalline silicon project (20GW), with a total investment of 6.2 billion yuan and a construction period of two years. A total of 40GW+ annual production capacity, giving full play to the company’s scale advantages.
At the same time, Shuangliang Energy Conservation announced that it will extend to the depth of the photovoltaic industry chain, invest abroad and plan to sign a cooperation framework agreement for the first phase of the Baotou photovoltaic module 5GW project.
On the whole, the existing business of Shuangliang Energy Conservation has formed a two-wheel-driven strategic layout of “energy saving and emission reduction + new energy business“, which is in line with the national policy outlet. This is not only the company’s long-term competitive advantage, but also the company’s future direction of struggle, for future performance. Sustainable growth provides an important guarantee. (Zhong Qian)Return to Sohu, see more
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