Who is the mysterious buyer who is locked by Tongwei with more than 50 billion yuan?

Today, Tongwei (SH600438, the stock price of 54.5 yuan, and a market value of 245.3 billion) disclosed an order of "burst" of the amount. Recently, it signed a polycrystal silicon long single sales contract with Qinghai Gajing. According to the contract, the buyer is expected to purchase a total of not less than 216,100 tons of polysilicon products from 2022 to 2026, and the amount of conversion of more than 50 billion yuan is converted at the market price.

However, silicon buyers are not listed companies, but a "emerging enterprise". The company's legal representative was the chief operating officer of Jingke Energy.

The contract amount exceeds 50 billion yuan

This evening, Tongwei shares disclosed an order that burst. Four subsidiaries of the company (Sichuan Yongxiang Doping Silicon Co., Ltd., Sichuan Yongxiang New Energy Co., Ltd., Inner Mongolia Tongwei High Pure Crystal Silicon Co., Ltd. Co., Ltd., hereinafter collectively referred to as "seller") recently signed a polysilicon long list with Qinghai Gajing

Sales contract (hereinafter referred to as "contract"). According to the contract, the buyer is expected to purchase a total of not less than 216,100 tons of polysilicon products from 2022 to 2026.

This contract is a daily operating long single sales contract. ) Count that the total sales are expected to be about 50.9 billion yuan (excluding tax) or more. Calculated every year, this is almost 10 billion yuan a year.

"Daily Economic News" reporter noticed that last year, Tongwei's silicon revenue was 18.761 billion yuan. According to the procurement rhythm of Qinghai Gaojing, it is almost equivalent to the production capacity of half of Tongwei shares last year.

The key question is, who is Qinghai Gaojing?

According to the announcement information, Qinghai Gaojing's registered capital is 1 billion yuan, and the legal representative Xu Zhiqun. The main shareholders are held by Guangdong Gaojing Solar Technology Co., Ltd. (hereinafter referred to as Gaojing Solar).

Qinghai Gaojing Industrial and Commercial Information Picture Source: Qixinbao Screenshot

Inquiry about industrial and commercial information, it can be found that Gaojing Solar is not a listed company. The company was co -founded by the industry's senior technical team with Zhuhai leading state -owned enterprise Huafa Group and well -known investment institution IDG Capital. In the traditional business landscape of Huafa Group, it is mainly concentrated in finance and real estate, and few layouts of the new energy industry chain.

"They mainly do the silicon wafer. In recent years, new entrants in recent years have been produced faster." Tongwei shares told reporters.

In fact, this is not the first tens of billions of yuan in Qinghai Gaojing "sweeping" silicon material. At the beginning of last year, the "Strategic Cooperation Sales Agreement" was signed with Xinshang Energy Co., Ltd. and its subsidiary. The agreement stipulated that in the next four years, Qinghai Gaojing Solar Energy will be HK1799, with a share price of HK $ 23.75, with a market value of HK $ 34 billion ) The purchase of native polysilicon was 152,400 tons, with a total amount of about 21.944 billion yuan.

According to the information of Solarbe Sobbu, Gao Jing solar energy was founded on July 3, 2019. That is to say, in the three years after its establishment, an average of about 20 billion yuan of investment and signing of contracts per year. The 80GW silicon wafer production capacity planned by Gaojing solar energy has ranked third in the photovoltaic industry, second only to 165GW and Central of Central (SZ002129, a stock price of 46.79 yuan, a market value of 1512, and a market value of 1512 135GW of 100 million).

The industry is expected to maintain the prosperity in the silicon material market

Compared to the unknown company's name, Xu Zhiqun's name is not easy. Xu Zhiqun was the chief operating officer of Jingke Energy (SH688223, a stock price of 14.5 yuan, and a market value of 145 billion). Jingke Energy has been listed on the science and technology board this year, with a market value exceeding 100 billion yuan.

In 2019, Xu Zhiqun was promoted to the chief operating officer of Jingke Energy. "In the more than 10 years of serving in Jingke Energy, Mr. Xu has made great contributions to the company's vertical integration and efficient operation," Chen Kangping, general manager of Jingke Energy, commented. "With rich experience and excellent execution ability, Mr. Xu can effectively help the company to achieve the efficient operation of vertical integration of the industrial chain to meet the market needs of changing diversified products. His rich operating leadership experience will help the company implement the established strategy after taking office. "

However, on November 25 of the following year, Xu Zhiqun, the chief operating officer of Jingke Energy, resigned from the company's chief operating officer. Chen Kangping said at the time, "We wish Mr. Xu for everything in the future work, and thanked him for serving for many years."

This order is a great benefit to Tongwei shares. The company said that the signing of this contract is conducive to the stable sales of polysilicon products in the company, which is in line with the company's future business planning and has a positive impact on the company's operating performance.

This further reflects that the upstream links of the silicon material are still in high prosperity.

On June 15th, Antako issued a weekly review. The latest annual expected total silicon supply and terminal demand basically matched. Basic balance of silicon materials and terminal supply and demand will support the expectations of the overall silicon material throughout the year. In this context,Silicon film companies are fully collected in the basic order of silicon materials, so the possibility of extreme conditions in the price of silicon material in the second half of the year is lower.However, according to the end installation expectations of 140GW-150GW in the second half of the year, compared with about 195GW corresponding to the silicon wafer corresponding to the silicon material corresponding to the same period, there is a situation of imbalance between supply and demand. It is expected that if the current market supply and demand are unbalanced in the second half of the year, most of the industrial chain inventory will concentrateIn all parts of the downstream, the operating rate is adjusted until the silicon wafer link began. At that time, the price of silicon material fluctuates according to the changes in direct downstream demand.Daily Economic News

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