GCL Technology's net profit in the first half of the year increased by 187.1% year -on -year granular silicon gross margin than rod -shaped silicon

At the moment when the expansion of granular silicon expansion, strong downstream demand, and explosive growth in the photovoltaic industry, GCL Technology (HK03800, HK $ 2.82, market value of HK $ 76.4 billion) performance in the first half of 2022 was good.

In the first half of 2022, GCL Technology achieved revenue of 15.326 billion yuan, an increase of 74.1%year -on -year, and the net profit attributable to the mother was 6.909 billion yuan, an increase of 187.1%year -on -year. Exceeding the annual performance of last year, this is also the best "achievement" since the listing of GCL Technology.

"Thanks to the company's low -quality core advantages and the rapid growth of the photovoltaic industry, the company's performance has achieved unprecedented huge growth. With the company's project in Xuzhou, Leshan, and Baotou, it has successively reached its production and put into operation. Core advantages such as low -cost, high -tech, low -carbon emissions will be more prominent, and the company's performance quality will also be better. "On August 31, the relevant person in charge of GCL Technology told reporters.

Discover the progress of mass production of perovantic mines

From the perspective of GCL Technology's financial report, key data such as silicon wafers, silicon materials and income are popular.

In the first half of 2022, GCL Technology produced a total of 11,200 tons of granular silicon, 28,900 tons of stick -shaped polysilicon (excluding 32,300 tons of associates) and 24173 MW silicon wafers. Corresponding to this, GCL Technology ’s photovoltaic materials revenue also reached unprecedented 14.679 billion yuan in the first half of the year, with a profit of 7.234 billion yuan. Specifically, the sales of silicon wafers reached 6.275 billion yuan, and the sales of polysilicon was 6.883 billion yuan. At the same time, the processing business also contributed more than 1 billion yuan in revenue, far exceeding the level of the same period last year.

The company's gross profit was about 7.335 billion yuan, an increase of 102.4%over the same period in 2021. Among them, the gross profit of rod -like silicon units reached 109.1 yuan/kg, and the gross profit of granular silicon units was 154.7 yuan/kg. The gross profit margin of granular silicon products continued to be higher than the rod -shaped silicon gross profit margin of 15 percentage points.

It is worth noting that in the first quarter of this year, GCL Technology achieved a net profit of 3.03 billion yuan and polysilicon output of 18,600 tons (excluding 15,800 tons of associates). The net profit of the mother has reached about 3.88 billion yuan, and the output of polysilicon is 21,500 tons (excluding 16,500 tons of associates). The profit growth brought by the price factors has brought clear excess returns.

"Thanks to the situation where the photovoltaic market supply and demand, the company's photovoltaic material business has performed well in the first half of the year, especially the company's granular silicon production capacity has entered the era of 60,000 tons in the first half of the year, which is effectively alleviating the market's strong demand for granular silicon." The person in charge of technology said.

At the end of the first half of 2022, GCL's science and technology asset -liability ratio was 44.9%, which was nearly 5 percentage points lower than 49.6%in the same period last year. At the same time, R & D expenses reached 689 million yuan, an increase of 44%higher than the same period last year.

Zhu Gongshan, chairman of the Board of Directors of GCL Science and Technology, said, "GCL spent tens of billions of yuan in the research and development field, and granular silicon also grew up in criticism and concerns, but I have been firmly in science and technology to lead enterprise development. For carbon neutrality, GCL people It is a lot of money, and there are feelings and mission. "

It is worth noting that another major "black technology" perm technology of GCL Technology reserves is quite a lot in the current financial report.

The company stated that in order to fully stimulate the vitality of GCL technology, inherit and develop the scientific research tradition of the enterprise, the company fully strives to do a good job of front -end technology reserve layout, focusing on one of the most potential photoelectric materials in the next generation of the most potential photoelectric materials. At present, GCL's largest perovskite component with a size of 1MX2M has been offline, and the world's first 100MW mass production line has been completed in Kunshan to complete the construction of the plant and main hardware. It is planned to invest mass production in 2022.

It is reported that Kunshan Xiexin Optoelectronics Materials Co., Ltd. of the Film Feitris Project Company has completed the round B financing, and the investor is Guangxi Tencent Entrepreneurship Investment Co., Ltd. The perception component has a cost advantage. It is expected to be 70%of the cost of crystalline silicon components in the future and has higher efficiency potential.

Granular silicon can reduce power consumption

The semi -annual report shows that at present, the power consumption per kilogram of production has been reduced to less than 14.8kWh. Compared with the improvement of the power consumption of Siemens, the power consumption of nearly three -quarters can be effectively solved. At the same time, the comprehensive steam consumption was reduced to less than 15.3kg per kilogram, further reducing the non -silicon cost of granular silicon production.

Photo source: Company Pictures

In terms of quality, under the premise that granular silicon does not affect the crystal stick life, the production, and the deduction rate, it has achieved a 100%feeding ratio, and some product parameters are better than the level of the same period.

GCL Technology said that after nearly a year of large -scale tourists verification, customer recognition and market trust of granular silicon products have continued to rise, and long -term capacity coverage rates are increasing. The world's main downstream manufacturers have passed the granular silicon -pull crystal test, and said that the granular silicon fully meets the single crystal process improvement and green intelligent manufacturing requirements. On the premise of the 5GW granular silicon -pull crystal demonstration project, on the premise that the young children's life, the production and the diverse rate of the crystal stick, the granular silicon has achieved a 100%pure investment method, and the life span of the head of the head and the derivation of the survival rate In the important indicators of the three items of production rates, the granules are excellent, and there is no significant difference in the industry's head stick silicon. "In the polysilicon raw material, it is firmly optimistic about the granular silicon routes with low energy consumption and mature technology technology. For different types of granular silicon, TCL Central innovative use technology can achieve 100%use of granules to produce photovoltaic single crystals." Hohhot's 10,000 -ton electronic -grade polysilicon and 100,000 -ton granular silicon project site, Shen Haoping, senior vice president of TCL technology and general manager of TCL Central, said.

Li Dongsheng, chairman of the TCL Group, also said: "In order to further promote the development of the entire industry chain, TCL Central Cooperative Grane Silicon Project with GCL is the best choice to reduce comprehensive energy consumption and coordinated development."

However, whether it is rod -like silicon or granular silicon, the amount of photovoltaic installation machines increases silicon material. In addition to GCL Technology, the performance of other domestic silicon materials companies also reflects the market prosperity.

According to industry analysts, global photovoltaic installations will increase by 30%in 2022, and demand will promote global solar growth to a new height. Global photovoltaic installations are close to 1 Taiwa. The amount of photovoltaic installations this year is expected to reach 250GW, which also means that the demand for upstream photovoltaic silicon materials may reach unprecedented height.

Daily Economic News

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