TOPCON has formed a leading lead, entering the new technology promotion dividend period

The technological progress of battery films is the most influential direction in many technologies in the photovoltaic aspects. After the PERC battery is popularized and gradually approached its theoretical limit, the new battery technology represented by TOPCON, HJT, and HPBC has attracted more attention.

TOPCON is replaced with N -type base based on PERC, increasing the tunnel penetration oxidation layer and polycrystalline silicon layer, reducing the composite of the carrier, and achieving a significant improvement of efficiency. At present, the leading enterprise mass production efficiency is 24.7%to 25.1%, and at the attenuation of attenuation Rate, double -sided rate, and temperature coefficient also have obvious advantages. Based on the current cost and efficiency estimation, the TOPCON theoretical premium is 0.1 yuan to 0.2 yuan/W (the market has not yet been accepted so high), and as the cost reduction and downstream verification may be expanded.

At the technical level of battery, TOPCON has formed a leading leader than Perc. The advantages of mass production efficiency have been 1-1.5PCTs, and it is foreseeable that it will continue to be widened, and its influence is the entire industry. The technical revolution in the battery link is more valuable. The cost of reducing itself will enlarge the impact of technological changes. The battery technology represented by TOPCON, HJT, and HPBC has obtained greater investment in recent years. In the future, it may have their own application scenarios.

According to industry feedback, the TOPCON production line of Jingke Energy 8+8GW has gradually been fully produced. In July, Junda's 8GW was successfully put into production and commissioning. In the second half of the year, many companies such as Tianhe, Jing'ao, Tongwei, etc. have begun to bid, and it is expected to be put into operation early next year.

China Merchants Securities analysis pointed out that the reference benchmark of the battery market this year is still PERC. Considering the TOPCON premium and demand priority. In the next few years of promotion, advantageous companies will enjoy the first dividend in profit and shipments. TOPCON industrialization cost reduction and efficiency are visible, and the optimization space is relatively large. It is expected that the profit cycle of its production line will be relatively long. At present, TOPCON is the first to move towards scale applications. Around TOPCON -related battery equipment, membrane materials and other auxiliary materials may have corresponding new needs and new opportunities.

Here, by integrating the latest research report information of more than 10 brokerage firms such as Tianfeng, Anxin, Guoxin, it brings 4 companies to fans and friends for reference only.

1. Lingda shares

At present, more than 90%of the company's operating income comes from high -efficiency crystal silicon solar cell business, and the main business has changed substantially. Jiayue New Energy Planning Construction 10GW high -efficiency photovoltaic battery production capacity, the first phase of the 3GW high -efficiency PERC crystal silicon battery project has been completed; planning. The company's second -phase TOPCON project can be compatible with large -size battery and multi -gate technology, and reserves the next -generation battery technology route interface. After the operation is completed, the production capacity of the two -phase project can reach 8GW. Jiayue New Energy is expected to break the scale effect of production capacity barriers, enhance its competitiveness and market share, and stabilize the market position.

—— Tianfeng Securities

2. Junda shares

By acquiring Jetta Technology's comprehensive transformation of the photovoltaic battery industry, the company has achieved strong market competitiveness and profitability with its technological and cost advantages in the context of high -definition of industry demand. Looking at the future, the company is the first to expand the industrialization of TOPCON in the TOPCON, which is expected to enjoy the high profit premium of N -type products. On this basis, the company's fixed increase continues to increase the development of N -type product research and development and the promotion of the Chinese trial project. Enhance the market competitiveness of the company's product technology.

--CITIC Securities

3. billion Crystal Optoelectronics

The company plans to invest in new photovoltaic industry bases in Quanjiao County, Luzhou City, and the first phase of investment will invest 5 billion yuan to build a 10GW high -efficiency N TOPCON photovoltaic battery project. At present, the 5GW efficient solar component project of Yijing Optoelectronics East Factory is expected to be put into production at the end of September. At that time, the company will form a capacity scale of 5GW battery+10GW components. The construction of 10GW 10GW TOPCON photovoltaic batteries in the first phase of the whole pepper will help make up for the gap of the billion crystal optical battery side. The rich battery product will sell or further support the future new component production capacity according to market conditions.

—— Announcement and public information

4. Outv

The company is mainly engaged in the R & D, design, production and sales of high -end intelligent equipment. The market share of the core photovoltaic products has a high sales scale of lithium battery equipment. The market space in the future is broad. A few days ago, the porcelain electromechanical sold SC-1600 single-crystal furnace to Tianhe Light Energy Crystal Silicon Co., Ltd., with a contract amount of about 260 million yuan. Xu Rui Technology won the bid for Jiangsu Runyang Oriental Photovoltaic Technology Co., Ltd. N -type solar cell film production project with a bid amount of about 130 million yuan. It is expected to have a positive effect on the company's 2023 performance.

—— Great Wall Securities

Daily Economic News

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