000827 CSI Environmental Protection Industry Index
- 1226.02
- -19.29-1.55%
2024 Service Trade Fair | Interview with Jinkosolar Vice President Qian Jing: Building a factory in Saudi Arabia is the breakthrough for Jinkosolar, and production is expected to start in early 2026.
① Service-oriented manufacturing is the next stage of the photovoltaic manufacturing industry; ② The Middle East market is growing significantly; ③ In the face of industry integration, building factories in Saudi Arabia is a breakthrough path for JingKe.
Great Energy: There are already 8-10 potential customers for semiconductor-grade polycrystalline silicon, and it is expected that the "tug-of-war" in the photovoltaic industry will continue for 2-3 quarters. | Direct hit at shareholder meeting
① In the field of energy, it is expected that the short-term trend of silicon material prices will rise, but the actual fill price depends on the balance between upstream and downstream. Currently, the supply and demand balance of silicon materials has not yet been reached; ② If the fill price of silicon materials only increases slightly, it is not cost-effective to restart and shut down production capacity. During the period of capacity switching on and off, manufacturers will suffer from "double kills" of cost and quality; ③ With the stability of the supply chain and the demand for cost reduction, Daquan Energy is "upward integration" and laying out industrial silicon.
Star Evening News | Wuxi Autowell Technology Co., Ltd., a subsidiary of wuxi autowell technology co., ltd., has signed a 0.9 billion yuan contract for photovoltaic equipment. The IPO registration of Think Tech on the Star market has taken effect.
Contemporary Amperex Technology plans to adjust the production arrangement of lithium carbonate in Yichun; Qianxin Holdings shareholder has promised not to reduce its shareholding within 6 months; Zhejiang Orient Gene Biotech and its related parties jointly invest 1.2 million US dollars to establish a holding company in the Philippines.
Lithium carbonate "rare surge"! Contemporary Amperex Technology plans to adjust the production arrangement of Yichun lithium carbonate. Industry analysis believes that the main reason for the production suspension is cost.
Regarding the rumors of lithium mine suspension in Jiangxi, Contemporary Amperex Technology stated to Caijing News that, based on the recent market conditions of lithium carbonate, the company plans to adjust the production arrangement of Yichun lithium carbonate. ② An informed source told Caijing News that Contemporary Amperex Technology has not yet taken any action to suspend production and further communication and coordination are needed to determine the next steps. ③ Industry insiders analyze that the suspension of production at this time is mainly due to cost reasons.
With a scale exceeding 5 billion yuan, contemporary amperex technology's new fund has landed in Xiamen.
Recently, Contemporary Amperex Technology has launched a new fund in Xiamen with a size of over 5 billion yuan. The limited partners include various local state-owned asset funds in Xiamen, as well as the Zhejiang Tongxiang City, Fujian Ningde City, and Luoyang City state-owned asset funds. Contemporary Amperex Technology is also constructing the first phase of an electrochemical energy storage system project in Xiamen, aiming to create a first-class platform for energy storage system research and development testing and innovative technological research.
The price of lithium carbonate futures has surged, with a single-day increase of nearly 0.03 million contracts. The rumor of production suspension at Contemporary Amperex Technology has been confirmed. Will there be a bottoming out and rebound?
① Market experts have stated that if there is a significant reduction in the output of lithium carbonate in the coming months, the destocking level in September and October may exceed expectations; ② As the consumer market enters the peak season of "Golden September and Silver October", the fundamentals have improved recently and a turning point in inventory has already emerged.
The lithium battery sector soared, with Tianqi Lithium Corporation rising more than 13%. UBS Group issued a research report stating that lithium prices in China have bottomed out.
UBS estimates that the suspension of Contemporary Amperex Technology's lithium business in Jiangxi will lead to an 8% decrease in China's monthly production of lithium carbonate. The lithium price is expected to rise by 11%-23% within the year and will be supported at $8600/ton.
Sichuan State-owned Assets leads the investment, the commercial aerospace 'unicorn' re-raised 0.7 billion yuan.
① Peking Interstellar Glory has completed a 0.7 billion yuan Series C and C+ financing round; ② Interstellar Glory is building a rocket engine test stand in Mianyang and plans to relocate the rocket engine production line to Mianyang. ③ Beijing Yizhuan is also striving to become a highland for China's commercial aerospace industry.
How significant is the impact of a 30% production reduction by the photovoltaic glass giant? Flat Glass Group: The customer procurement intention is stable | Coverage of the earnings conference.
1. Market rumors: Xinyi Solar and Flat Glass Group, along with ten other photovoltaic glass giants, jointly reduce production by 30%. Ruan Hongliang, the director of Flat Glass Group, denied the joint production cut and emphasized that it was an individual company action; 2. The reduction in production by the giants did not boost demand. The company stated that the purchasing intention of downstream customers remained stable on a month-on-month basis; 3. The price reduction of photovoltaic glass has caused investors to worry about the company's performance in the second half of the year.
Longi Green Energy Technology: It is expected that the price of silicon wafers has reached its lowest point and will only increase in the future, not decrease. | Live coverage of the earnings conference
①Longi green energy technology releases confidence to investors. Considering the current situation in the industry where cash costs are generally in a loss, the price of silicon wafers will only rise, not decrease. ②However, the management believes that all links currently face ongoing operational pressure, and the timing of price adjustments remains unclear.
Express News | Hong Kong electric power equipment stocks have risen against the market, with Tianneng Power up more than 15%, Flat Glass up nearly 7%, Xinyi Solar up nearly 5%, and Chaowei Power up more than 3%.
Component quantity increased and prices decreased. Trina Solar Co., Ltd. saw a decline in revenue and net profit in the first half of the year, with inventory value exceeding 30 billion yuan.
① In the first half of the year, the company's module shipments were 34GW, an increase of over 25% year-on-year; in contrast, module revenue was 30.057 billion yuan, a decrease of 11.52% year-on-year. During the reporting period, the company's inventory depreciation losses and impairment losses on contract performance costs were 0.502 billion yuan. ② The company's Indonesian base (1GW battery, 1GW module) and US base (5GW module) are expected to start production in the second half of 2024.
Improvement in water supply situation, China Yangtze Power's net profit in the first half of the year increased by nearly 30% year-on-year | Interpretations of financial reports
① The water supply situation for hydropower has improved year-on-year, with China Yangtze Power earning more than 11 billion yuan in the first half of the year; ② In the first half of the year, the company installed 71.695 million kilowatts of domestic hydropower, accounting for 16.79% of the national hydropower installation.
Intensified competition on the supply side, shuangliang eco-energy systems, the new star of silicon wafers, suffered a loss of over 1 billion yuan in the first half of the year. | Interpretations of financial reports
①Shuangliang Eco-energy Systems reported a net loss of over 1.2 billion yuan in the first half of the year, with a loss of 0.963 billion yuan in the second quarter, marking the largest quarterly loss in nearly five years. ②The company's asset-liability ratio has reached 81.5%, indicating significant debt repayment pressure. ③The current silicon wafer price is in a fierce game, and in the medium to long term, the supply-demand pattern of silicon wafers is clearly improving, which will provide some support for this round of price increases.
In the first half of the year, longi green energy technology expects to return to the growth track by 2025 with a loss of over 5 billion. | Interpretations
①Longi Green Energy Technology incurred a loss of over 5 billion yuan in the first half of the year, with a single-season loss of 2.893 billion yuan in the second quarter, marking the largest single-season loss in recent years; ②The company's HPBC2.0 product will be launched on a large scale by the end of this year. In its plan, the company is set to return to the growth trajectory by 2025, entering the recovery phase ahead of the solar industry.
Significant overseas revenue decline, jiangsu goodwe power supply technology co.,ltd. went from profit to loss in the first half of the year, with a noticeable decline in energy storage product.
① Mainly affected by factors such as overseas inventory, the amount of decrease in sales revenue from power inverter and battery with higher gross margin is greater than the amount of increase in sales revenue from domestic low-gross margin household photovoltaic systems; ② In the first half of the year, the sales volume of Goodwe energy storage products declined significantly, with overseas inverter sales volume of approximately 0.1552 million units, a year-on-year decrease of 49.64%; The proportion of overseas revenue was 35%, compared to 75.24% in the same period last year.
The industry's installed capacity has increased, Sany Heavy Industry's H1 revenue has increased by 30% year-on-year, but the decrease in the number of wind farms sold has led to a decrease in net profit.
1. In terms of profitability, the company's overall gross margin is 16.01%, a 4.82 percentage point increase from the second half of last year, mainly due to a significant increase in the gross margin of wind turbine sales and effective control of costs and expenses; 2. The income from wind turbines and accessories is 4.917 billion yuan, a year-on-year increase of 68.10%. Among them, domestic onshore wind turbines' external sales capacity is 3.3GW, a 121% year-on-year increase.
The industry is experiencing a combination of 'internal competition' and an extended acceptance period. zhejiang hangke technology incorporated's revenue and net profit both declined in the first half of the year, with several ongoing projects involving '
The main reasons are intensified domestic market competition and prolonged acceptance cycle, resulting in a year-on-year decrease in revenue and gross margin. In addition, the impact of foreign exchange rate fluctuations resulted in a loss of 8.41 million yuan in the first half of 2024. The solid state battery high-pressure fixture project is in the experimental verification stage. The overseas revenue in the first half of the year was 0.879 billion yuan, a year-on-year increase of 23.99%, with multiple ongoing projects preparing for overseas expansion.
Longi green energy technology and Tongwei co.,ltd postponed their mid-term reports. The five leading photovoltaic companies will submit their reports tomorrow evening.
① Two leading photovoltaic companies announced on the same day that the interim report disclosure was postponed by one day. Tomorrow night, the top five leading photovoltaic companies will release their interim reports at the same time. ② The continuous decline in prices of main products in the first half of the year raises the biggest suspense as to whether Trina Solar Co., Ltd. and Jinkosolar can sustain profitability.
Sales growth slowed down, Hema Inc.'s first-half revenue and net profit both declined, with many companies in the industry experiencing a noticeable recovery in Q2.
①During the reporting period, the company's sales revenue from micro power inverters and monitoring equipment amounted to 0.749 billion yuan, with approximately 0.6142 million units of micro power inverters sold and approximately 0.1444 million units of monitoring equipment sold. ②Including sungrow power supply, Deye, and ginlong technologies, the second-quarter net income of power inverter manufacturers has improved.