Quality Customized Solar Panel from WSL Solar.

Quality is always the first thing for us. We stick to strict quality control, from raw material sourcing, manufacturing process to finished product testing, we pay attention to details in each step, to deliver our clients the right solar panel for their solar application.

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Who Is More Likely to Share the Big Cake of BIPV?

Recently, it has been reported that the new BIPV products that Longi New Energy is about to release will be officially launched on the market in the second half of this year after more than a year of research and development and preparation.

It is understood that in order to effectively solve the shortcomings of the short service life of the existing industrial and commercial buildings, the weak waterproof and wind resistance, and the long-term idle roof, etc., Longji BIPV new products will comprehensively improve the performance and service life of BIPV products such as thermal insulation, windproof and waterproof, fire and lightning protection, impact resistance, light weight, etc., while achieving the perfect combination of efficient power generation and reliable building materials.

Quality Custom Solar Panel from WSL Solar

Longji announced in 2019 to enter the BIPV market, and will launch its own industrial and commercial BIPV roof products in mid-2020, and plan to achieve BIPV revenue volume of 10 billion yuan by 2024.

It is understood that as of now, Longji IPV production line equipment has been installed and commissioned, and will soon enter the mass production stage. The official product name and time to market of the new Longi BIPV products have also been finalized and will be officially announced in the second half of this year.

Tesla in the North American market has a soft spot

In fact, after years of development in BIPV, the industry has moved from concept to implementation.

More and more companies realize that the integration of solar photovoltaic modules and building materials is a double benefit for the solar photovoltaic industry and the construction industry, and in the process has set off a new revolution in green development.

In terms of application form, BIPV is a new hotspot of distributed photovoltaics. Compared with BAPV with a single application scenario, BIPV can be applied to roofs, curtain walls, sunshades, greenhouses, etc.

Based on this, BIPV can be applied to a series of scenarios such as photovoltaic tile surface, daylighting roof, external window shading, awning and so on.

Overseas, there has also been new progress in BIPV’s R&D and business development. Judging from the trends of foreign companies, Tesla can be described as having a soft spot for the BIPV business.

Tesla’s solar rooftop business can be traced back to 2008 at the earliest. After continuous innovation of technology, in October 2019, Tesla launched the third generation BIPV residential roof system Solar Roof V3, with a cost of about $34,000 per set. According to the California average electricity price, Tesla’s solar roof V3 standard project The payback period is 11 years.

The third generation of Solar Roof mass-produced photovoltaic roof products for the first time. This product embeds photovoltaic cells in tempered glass to realize the integration of photovoltaic buildings.

In March 2020, according to the company’s latest developments, Tesla is looking for “commercial and residential user side” business development managers, project development engineering managers and other relevant personnel. The monthly salary for the business development manager is 30,000 to 40,000 yuan. That is, the annual salary can be up to 480,000 yuan. It is enough to see Tesla’s determination to revive the solar rooftop photovoltaic business.

Recently, Tesla China has newly added three recruitment information for the solar roof business. Combined with the previous two recruitment information in March, it is not difficult to find that Tesla’s BIPV business has officially opened in the Chinese market.

Relevant agencies pointed out that this year, affected by the epidemic situation at home and abroad, the price of the industrial chain has fallen sharply, and the cost side continues to fall sharply. It is expected that the scale of the bidding index this year is expected to exceed expectations, while the consumption expansion will also facilitate the promotion of parity projects. According to estimates, the annual installation of Tesla photovoltaic roofs in the North American market is expected to reach 5-10GW per year.

Domestic photovoltaic companies “distribute huge cakes”

BIPV has amazing market development potential, with a potential market space of hundreds of billions. This provides BIPV with sufficient business bearing and development space.

According to the National Bureau of Statistics data and the China Academy of Building Research estimates, China’s existing building area is about 80 billion square meters, solar photovoltaic cells can be installed nearly 3 billion square meters, and the installed capacity is about 400GW; at the same time, China’s new construction area is about 40 100 million square meters, about 300 million square meters of solar cells can be installed, and the installed capacity is not small.

This huge cake has made many domestic photovoltaic companies “coveted”.

Since the “531 policy”, whether for active or passive reasons, in order to further reduce the cost of photovoltaic power generation, Chinese photovoltaic companies are getting rid of the risk of a single market and actively deploying the rooftop photovoltaic market.

In the domestic market, in addition to Longji shares, CITIC Bo, Dongfang Risheng, Jinko are also early BIPV companies.

As one of the earliest domestic enterprises engaged in photovoltaic power generation business, Dongfang Risheng is also actively deploying BIPV. At the beginning of 2020, Dongfang Risheng said that the company has reserved and applied BIPV-related technologies.

It is understood that Dongfang Risheng Changzhou’s 2.05MW BIPV project has passed the grid acceptance on August 28, 2019 and started generating electricity. It is estimated that the average annual power generation is about 2 million kWh, and the internal rate of return on investment is 14.8%.

CITIC Bo predicts that in the future, more owners will adopt BIPV integrated solutions. While enjoying the green benefits of solar power generation, they will also save the capital cost and time of roof repairs.

JinkoSolar provides predictions of the legislative requirements for photovoltaic buildings. Jinko Electric stated that by 2025, more and more countries and regions will adopt local regulations to modify or add new building standards for local application of solar energy systems. It is required that within a certain height, new residential buildings above a certain area must be installed with photovoltaic systems; all suitable industrial and commercial roofs of the park must be installed with photovoltaics, which will also be incorporated into local park management regulations.

The new BIPV products to be released by the above Longji New Energy will comprehensively apply leading technologies such as double-glass half-sheet high-efficiency single crystal, 360-degree upright locking, seamless splicing, etc. At the same time of performance and service life, it realizes the integration of efficient power generation and reliable building materials.

When visiting the production line of Longji Stock, Three Gorges Capital said: “Longji has launched a landmark BIPV product, hoping to continue to lead the new direction and trend of the development of the photovoltaic industry. BIPV, as the future development direction of green buildings, deeply integrates building materials and photovoltaic energy The functions and characteristics of the company will continue to promote the diversified development of clean energy.”

According to the Longji BIPV building photovoltaic integrated solution, the project investment recovery period is only 7-8 years, and the IRR (internal rate of return) reaches 11%.

The good news is that, according to the policy of the National Energy Administration, the wind power consumption space is 37GW, and the photovoltaic power consumption space is 48GW, which greatly exceeds the market’s expected consumption indicators of 30GW for wind power and 40GW for photovoltaic. At present, all provinces have started the declaration work for photovoltaic parity and bidding projects in 2020, and they will land before the end of June. The expansion of the consumption index will undoubtedly give the applicants confidence.

Regarding the future prospects of BIPV, industry insiders believe that BIPV is a key technical factor to solve the demand for near-zero energy consumption of building electricity. With the rapid reduction of the cost of the photovoltaic industry chain in recent years, the photovoltaic industry has moved from photovoltaic power plants to BIPV. Relying on the era of no subsidies, the rise of spontaneous market demand will open up a broad space for the development of BIPV.

Posted by Carrie Wong | WSL Solar

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.

https://www.wsl-solar.com

5 Volt 1 Watt Solar Panel

Features:
– WSL Solar’s 5V 1W solar panel adopts  the latest PERC monocrystalline solar cell,  >21% efficiency.
– Dimension 90x90x4.5mm
– Laminated by tempered glass, durable & robust
– Ideal for use in solar powered LED lighting, IoT solar,
solar traffic sign and small solar powered systems etc.

WSL Solar’s 5 volt 1 watt solar panel is built with the latest PERC monocrystalline solar cell. It is laminated by tempered glass, which is durable and robust. This custom solar panel is ideal for use in off grid applications such as solar powered LED lighting, IoT solar, solar traffic sign, small solar powered system etc.
 
Features:
– With latest high efficiency PERC monocrystalline solar cell
– Positive power tolerance
– Tempered glass laminated, high transmission, durable & robust
– Withstanding challenging environmental conditions
– Waterproof, scratch resistant & UV resistant
– Excellent performance under low light environments

Specification

Item No.WSL-C024
Dimension90x90x4.5mm
Peak Power (Pmax)1W
Voltage at Pmax (Vmp)5V
Current at Pmax (Imp)200mA
Open Circuit Voltage (Voc)6V
Short Circuit Current (Isc)220mA
Cell TypePERC Monocrystalline Solar Cell
Power Tolerance±5%
Encapsulation method3.2mm Tempered glass
Back sheetTPT
Product Warranty5 Years
Lead time25 Days
Storage temperature-20°C ~ 65°C
Working temperature-40°C ~ 85°C
Standard Test Conditions (STC)1000W/m2, 1.5AM, 25°C Cell temperature

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5V Solar Panels   |  6V Solar Panels   |  9V Solar Panels

WSL Solar has been a quality and professional manufacturer of custom solar panels and solar solution provider in China since 2006. 

Poland’s Solar Photovoltaic Market Explodes, and Traditional Coal Industry is Under Threat

Recently, the unions of PGG, Poland ’s largest coal group, warned that if the government does not provide help, the coal industry will collapse due to falling demand. Poland relies heavily on coal-fired power generation and is the only EU member state that has not committed to zero carbon emissions by 2050. But in the face of increasing pressure from the EU to reduce emissions, Poland began to encourage investment in solar and offshore wind farms. The increase in the share of clean energy in power generation, the decline in power demand after the epidemic is closed to the city, and coal imports have exacerbated problems in the coal industry.

Custom Solar Panel | 6V 3W – WSL Solar

The Polish government previously stated that the installed capacity of solar photovoltaics will reach 10.2GW in 2030 and 20.2GW in 2040. The Polish government also supports industrial and commercial and large-scale power plant projects through the renewable energy auction system. The new government regulations allow owners of solar photovoltaic systems of more than 50 kW to sell excess power. Growth in the industrial and commercial field will be particularly strong. At the same time, the promotion of rooftop solar photovoltaic incentives and corporate net measurement policies has stimulated the potential of the solar photovoltaic market. In 2019, solar power generation in Poland has risen sharply.

On the other hand, due to the increase in the price of carbon dioxide certificates, the impact of the increase in the price of European carbon dioxide emission quotas will seriously affect Poland ’s electricity prices, and coal is the most intensive energy source for carbon dioxide. Great power to promote the development of clean energy in Poland.

According to SolarPower Europe data, in 2019 Poland ranked fifth in the number of new photovoltaic installations among European countries, and it is only 300MW less than the fourth place in France. It is also unknown that it exceeds France. In early 2020, Bloomberg predicted that Poland will be one of the top ten global solar photovoltaic markets this year.

Posted by Carrie Wong | WSL Solar

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.

https://www.wsl-solar.com

Latest Custom Solar Panel from WSL Solar | 6 Volt Solar Panel 3W

Features:
– WSL Solar’s 3W 6V solar panel adopts the latest PERC monocrystalline solar cell,  >21% efficiency.
– Dimension 120x160x4.5mm
– Laminated by tempered glass, durable & robust
– Ideal for use in solar powered LED lighting, IoT solar,
solar traffic sign and small solar powered systems etc.

6 Volt Solar Panel 3W

WSL Solar’s 6 Volt solar panel 3W is built with the latest PERC monocrystalline solar cell. It is laminated by tempered glass, which is durable and robust. This custom solar panel is ideal for use in off grid applications such as solar powered LED lighting, IoT solar, solar traffic sign, small solar powered system etc.

Features:
– With latest high efficiency PERC monocrystalline solar cell
– Positive power tolerance
– Tempered glass laminated, high transmission, durable & robust
– Withstanding challenging environmental conditions
– Waterproof, scratch resistant & UV resistant
– Excellent performance under low light environments

Specification

Item No.WSL-C023
Dimension120x160x4.5mm
Peak Power (Pmax)3W
Voltage at Pmax (Vmp)6V
Current at Pmax (Imp)0.5A
Open Circuit Voltage (Voc)7.2V
Short Circuit Current (Isc)0.55A
Cell TypePERC Monocrystalline Solar Cell
Power Tolerance±5%
Encapsulation method3.2mm Tempered glass
Back sheetTPT
Product Warranty5 Years
Lead time25 Days
Storage temperature-20°C ~ 65°C
Working temperature-40°C ~ 85°C
Standard Test Conditions (STC)1000W/m2, 1.5AM, 25°C Cell temperature

WSL Solar has been a quality and professional manufacturer of custom solar panels and solar solution provider in China since 2006. 

210 Technology Replacement Demand Exceeds 20 Billion, HIT Leads the New Trend of Next-generation Photovoltaic Cells

In the face of the epidemic sweeping the world, the problem of “two-level differentiation” is in front of the photovoltaic people.

SMEs are struggling in a crisis-ridden environment and seeking hope for life, but for leading companies, it is still difficult to stop their pace of active expansion.

The leading domestic solar cell manufacturers are not afraid of the impact of the epidemic and are actively expanding production.

Custom Solar Panel for Solar Powered LED Lighting

Recently, Tongwei issued a fixed increase plan, which will raise no more than 6 billion yuan of funds, and it is expected that 4.2 billion will be invested in Meishan Phase II (7.5GW) and Jintang Phase I (7.5GW) high-efficiency solar cell projects.

In addition to Tongwei, LONGi has announced a total expansion of 10GW of monocrystalline solar cells, AiXu expanded by 5.9GW, Jingao expanded by 10GW, and Jinko expanded by 10GW. It is expected that PERC solar cell expansion will reach 30GW this year , The corresponding equipment amount is more than 6 billion, and it is expected to begin to place orders in Q2.

It is worth mentioning that the acceleration of the industrialization of 210 silicon wafers is still the main theme in 2020.

Judging from the announcement issued by Tongwei this year, the above projects are mainly based on the 210-size PERC technology route, and reserve space for PERC + / TOPCON equipment.

From the perspective of this year’s new expansion plan for solar cells, the expansion of solar cell factories led by Tongwei and Aixu are mainly based on 210 large sizes.

Among them, the first 210 solar cell workshop of Tongwei-Meishan Phase I is expected to be mass-produced in mid-May, and the follow-up Meishan Phase II and Jintang 30GW plans will take the 210 route.

In January, Axu announced the mass production of 5GW 210 solar cell production line. It also plans to expand its solar cell capacity to 22GW by the end of 2020, 32GW by the end of 2021, and 45GW by the end of 2022.

As for solar modules, Dongfang Risheng and Trina Solar have successively released 210mm 500W solar modules.

In addition, as the leader of 210 large silicon wafers, China Central also recently announced an investment of 5 billion yuan in the construction of G12 PERC + solar cell lines and shingled solar module projects, which will further promote the industrialization of large-scale silicon wafers.

Relevant institutions judge that the future increase in the penetration rate of 210 technology will exceed market expectations. It is expected that the industry replacement demand brought by large silicon wafers will exceed 20 billion, and Jingsheng Electromechanical as the only supplier of 210 single crystal furnaces will greatly benefit.

It is worth noting that as early as a few years ago, in the photovoltaic industry, there have been disputes between PERC, TOPCON and HIT technologies in the solar cell technology.

It is reported that PERC + is based on P-type silicon wafers and currently has a laboratory efficiency of 23.5% or more. It is necessary to superimpose 4 devices on the original PERC production line. It is expected that a prototype will be released by the end of 2020 and need to be verified by the production line.

TOPCON is based on N-type silicon wafers, with a conversion efficiency of over 23.5%. The equipment is relatively mature, but since N-type silicon wafers and equipment are relatively expensive, the overall cost is higher than PERC +.

The industry believes that the current conversion efficiency of PERC + / TOPCON can reach more than 23.5%, but the cost reduction route is still unclear. It needs to undergo production line inspection and is expected to become a transition path for PERC to upgrade to the next generation of technology.

In terms of HIT, it can be said that the progress has been quite effective. Taking Tongwei as an example, the average conversion efficiency of its multi-main grid starts at 23.5%, and it is expected to see more than 24% in the second half of the year, and the highest efficiency on the production line is close to 25%. But at present, it is still not comparable to PERC in terms of cost performance.

In 2019, in addition to the four HIT test projects of Tongwei and Shanmei International, battery factories such as Aikang and Artus have also successively launched HIT layouts since 2020.

The industry predicts that with the decline of HIT costs and the improvement of conversion efficiency in the next two years, HIT will become a megatrend for the next generation of photovoltaic solar cells.

Posted by Carrie Wong | WSL Solar

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.

https://www.wsl-solar.com

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Tongwei’s 6 Billion Yuan to Expand 210 Technology Routes, Net Profit Increased by 30% Last Year

Recently, Tongwei released a fixed increase announcement and performance report.

On the evening of April 20th, Tongwei issued a fixed increase plan, with a planned funding of no more than 6 billion yuan, for projects with an annual output of 7.5GW high-efficiency crystalline silicon solar cell smart factory (Meishan Phase II) and other projects.

Tongwei ’s additional funds raised this time are mainly used to invest in the Meishan Phase II and Jintang Phase I annual production of 7.5GW high-efficiency crystalline silicon solar cell smart projects. The proposed investment funds are 2 billion yuan and 2.2 billion yuan respectively; It is intended to be used to supplement working capital.

The above two major projects are planned to be implemented by Tongwei Solar (Meishan) Co., Ltd. and a newly established subsidiary respectively. The project adopts 210 large-size PERC solar cell technology routes. Upon completion, it will form an annual production capacity of 7.5GW of high-efficiency crystalline silicon solar cells . According to estimates, the construction period of the project is 1 year, and the production capacity will reach 90% in the first year of production, and 100% in subsequent years.

The implementation of this fundraising project will further expand the company’s solar cell production capacity, enhance and consolidate the company’s leading position in the global solar cell field.

  Manufacturer of Custom Solar Panel – WSL Solar

Since this year, Tongwei has announced its capacity expansion plan several times, with a total planned investment of 30 billion yuan.

In February, Tongwei threw out the largest single investment in history, planning to build an annual output of 30GW high-efficiency solar cells and supporting projects in Chengdu Jintang at 20 billion yuan. In March, the company announced that it plans to invest in a 40,000-ton high-purity crystalline silicon project in Baoshan City, Yunnan Province, with a total investment of 4 billion yuan.

Tongwei takes agriculture and solar photovoltaic as its main business, and has formed a business model of “agriculture (fishery) + photovoltaic” resource integration and coordinated development. As of the end of 2019, Tongwei has formed a high-purity crystalline silicon production capacity of 80,000 tons, of which monocrystalline materials account for about 90%; solar cell production capacity is 20GW, of which high-efficiency monocrystalline solar cells are 17GW.

According to the development plan previously released by the company, by 2023, the cumulative production capacity of high-purity crystalline silicon will reach 220,000 to 290,000 tons, and the cumulative production capacity of solar cells will reach 80 to 100GW.

In 2019, Tongwei achieved net profit growth.

Tongwei disclosed its annual report on the evening of the 20th. In 2019, it achieved operating income of 37.555 billion yuan, an increase of 36.39% year-on-year; net profit of 2.635 billion yuan, an increase of 30.51% year-on-year.

The overall photovoltaic business revenue was 17.8 billion yuan, an increase of 74.52% year-on-year. Among them, the operating income of solar cells and solar modules reached 12.27 billion yuan, an increase of 60.56 year-on-year; the gross profit margin was 20.21%, an increase of 1.52% year-on-year; the operating income of high-purity crystalline silicon and chemicals was 5.17 billion yuan An increase of 56.11% year-on-year.

In terms of high-purity crystalline silicon: Tongwei has formed a high-purity crystalline silicon production capacity of 80,000 tons and an ongoing capacity of 75,000 tons. With single crystal materials accounting for about 90%, various consumption indicators and costs continue to decrease. The total production cost of the first-phase project and the first-phase project of Baotou is 60,000 tons and the production cost is less than 40,000 yuan / ton.

For solar cells: The current solar cell production capacity is 20GW, of which the high-efficiency monocrystalline solar cell is 17GW, ranking first in the world.

However, Tongwei’s first quarter results released at the same time are not optimistic. In the first quarter, Tongwei’s net profit attributable to shareholders of listed companies was 344 million yuan, a year-on-year decrease of 29.79%.

Tongwei’s net profit fell in the first quarter. According to analysis, there may be two reasons:

First, Tongwei’s business is not only photovoltaics, but agriculture and solar photovoltaics as the main business, “agriculture (fishery) + solar photovoltaic” resource integration, collaborative development business model, although the photovoltaic industry in the first quarter The impact is limited, but the negative factors of agricultural fisheries will also have a certain impact on its profitability.

Second, in Tongwei’s business, overseas orders account for a relatively small amount. According to the annual report, the operating income of overseas regions only accounts for 5.42% of the total operating income. In contrast, in the first quarter of the domestic epidemic, when overseas epidemics had not yet fully erupted, Tongwei, which had a large domestic sales volume, was severely damaged.

Posted by Carrie Wong | WSL Solar

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.

https://www.wsl-solar.com

Zhonghuan Shares 5 Billion Plus G12, Contributing Mass Production Technology to the Entire Industry Chain

As one of the most complete producers of monocrystalline silicon varieties in China, Zhonghuan shares its new main trend of G12 large-size cells.

Recently, the Gaoyou Economic Development Zone held a signing ceremony for the G12 PERC + solar cell line and shingle solar module project at the Central Headquarters.

The project is planned to invest a total of 5 billion yuan, of which about 3 billion yuan will be invested in equipment, to build a G12 PERC + photovoltaic cell and shingled solar module project that will achieve leapfrogging in size and performance and lead the industry trend. After the first phase of the project is completed, annual invoicing sales can reach more than 5 billion yuan.

High Efficiency 20W Custom Solar Panel from WSL Solar

Zhonghuan is a public company controlled by Tianjin Zhonghuan Electronic Information Group Co., Ltd. The company is committed to the semiconductor energy-saving industry and the new energy industry. It is a state-controlled high-tech enterprise integrating scientific research, production, operation and venture capital.

G12 contributes mass production technology to the entire industry chain

The G12 PERC + photovoltaic cell of Zhonghuan is the most advanced large-size solar cell at present. It has the core technical advantages of large area, high wattage and low cost, which can greatly improve the profitability of the battery link. The domestic market share of fused silicon single crystal in the Central Stock Zone is over 65%. Its output and market share have ranked first in the domestic industry for five consecutive years, and its production and sales scale ranks among the top three in the world.

Recently, Zhonghuan said that the company’s G12 photovoltaic silicon technology has broken through the traditional size of the industry, bringing higher photoelectric conversion efficiency, higher production and manufacturing efficiency, and industrial 4.0 customized flexible manufacturing can greatly reduce the cost of electricity.

Zhonghuan pointed out that the company’s G12 photovoltaic silicon technology is a mass production technology that contributes value to the entire industry chain. With the accelerated advancement of the 210 industry chain downstream, it can support various types of solar cell module technology in the future. With the promotion of the industry, the competitive advantages of photovoltaic new energy relative to other forms of energy will be further highlighted.

As of the end of 2019, Zhonghuan’s photovoltaic monocrystalline production capacity reached 33GW. With the improvement of process technology and the gradual commissioning of the fifth-phase project in 2020, it is expected that the production capacity will reach 55GW by the end of 2020; after the fifth-phase project is fully operational, the company’s overall photovoltaic single-crystal production capacity is expected to reach 85GW.

Regarding the performance in 2019, China Central’s photovoltaic and semiconductor businesses have driven two-wheeled performance growth, and the gross profit margin has increased quarter by quarter.

The performance report shows that in 2019, Zhonghuan Co., Ltd. achieved operating income of 16.887 billion yuan, an increase of 22.76% year-on-year, and realized net profit attributable to the parent company of 904 million yuan, an increase of 42.93% year-on-year. It was 621 million yuan, an increase of 98.38% year-on-year, and its performance increased steadily.

The reason for the increase in performance was mainly due to the increase in the company’s new energy production capacity and the increase in sales volume. Among them, the sales of solar wafers increased by 76.19% over the previous year, and the output increased by 68.15% over the previous year. The Q4 single-quarter gross profit increased again year-on-year. The Q4 single-quarter gross profit margin was 22%, an increase of 8.23% year-on-year, and the net profit margin was 4.1%, a decrease of 0.45% year-on-year and a decrease of 2% month-on-month.

Regarding the solar photovoltaic sector, Zhonghuan Group’s 210 large silicon wafers have accelerated their volume. In 2019, the company’s new energy industry achieved operating income of 15.439 billion yuan, a year-on-year increase of 24.24%. Among them, new energy materials achieved revenue of 14.921 billion yuan, a year-on-year increase of 24.30%, mainly due to the increase in product shipments, solar wafer sales increased by 76.19% over the previous year; the power sector achieved revenue 5 1.18 billion yuan, an increase of 54.49% year-on-year, mainly due to the increase in the scale of grid-connected power generation.

Downstream enterprises have extensive cooperation intentions

It is understood that Zhonghuan is currently increasing its capital to its subsidiary, Zhongxin GCL, and the fifth phase of the project has started to produce 210 silicon wafers, accelerating the release of 210 large-size silicon wafer production capacity, and increasing the market share of G12 silicon wafer products in the photovoltaic market. As of the end of 2019, large-diameter silicon wafers for 8-12 inch integrated circuits have been successfully put into production.

The 25GW capacity of the 5th phase of Central will be dominated by 210 silicon wafers. The release of production capacity in 2020-2021 will further consolidate the company’s leading position. The second batch of equipment procurement for Phase 5 has been completed. From the surface area, G12 silicon wafers have increased by 80.5% compared with traditional M2 silicon wafers, which are mainly produced by the Central China Phase 5 project.

Since the launch of 210mm large-size silicon wafers by Zhonghuan, the downstream has widely proposed cooperation intentions.

Since 2020, the 210 large silicon wafers have opened up profitable space for the downstream, and the downstream industrial chain has actively adapted. Both Tongwei and Aixu said that their new production capacity will achieve backward compatibility of 210 silicon wafers.

On March 27, 2020, GCL will announce an investment of 18 billion yuan to build a 60GW210 module project. Leading companies such as Dongfang Risheng, Trina Solar, and Aixu Technology also proposed a 210 expansion plan, and said that the use of large silicon wafers can obviously Reduce the cost of electricity and BOS.

In view of the current general environment, more than half of the entire photovoltaic industry was affected by the epidemic in the first quarter, resulting in a decline in net profit.

Zhonghuan shares said that the company has not stopped production or reduced production during the Spring Festival, and has continued to maintain full production so far to ensure that customer order supply continues to be in full production and full sales, and production operations have not been affected by the epidemic.

Regarding the future development of Zhonghuan, the relevant institutions expect the company to achieve net profit of 13.34, 2.067, and 2.455 billion yuan from 2020 to 2022, optimistic about the company’s “semiconductor + photovoltaic” two-wheel drive, maintaining “strongly recommended” “Rating.

Posted by Carrie Wong | WSL Solar

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.

https://www.wsl-solar.com

The Total Market Value Exceeded 100 Billion Yuan! “Expansion King” Longji’s Q1 Net Profit is Expected to Increase by More Than 170%

In the first quarter of 2020, solar photovoltaic companies issued performance forecasts, and more than half of the companies were affected by the epidemic, resulting in a decline in net profit.

However, the epidemic did not affect Longji, the world’s largest manufacturer of monocrystalline solar products.

On the evening of April 16, Longji announced that it expects to realize net profit attributable to shareholders of listed companies in the first quarter of this year of 1.65 billion to 1.950 billion yuan, an increase of 175.05% to 219.15% year-on-year. After deducting non-recurring gains and losses, the company’s net profit also reached 1.549 billion yuan to 1.849 billion yuan.

Public information shows that in the same period last year, Longji shares realized a net profit attributable to shareholders of listed companies of 611 million yuan. As a result, in the first quarter of 2020, Longji’s main business performance was very strong.

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“The King of Expansion” Expanding Production Capacity

According to the announcement, Longji shares attributed the rapid growth of performance to the expansion of production capacity.

Throughout the entire solar photovoltaic industry, Longji shares are well-deserved “kings of expansion,” and public data compilation shows that the investment amount of Longji shares reached as high as 30 billion yuan in 2019 alone.

Longji said that under the influence of the expansion of production capacity, the company’s main products monocrystalline solar wafers and solar modules sales increased rapidly year-on-year, the proportion of large-size silicon wafers and high-power solar module products increased rapidly, and the operating income increased significantly year-on-year Costs continued to decrease, and product gross profit margins increased year-on-year.

Looking back on 2019, in the case of sluggish domestic PV market demand, many domestic PV companies, including Longji, have chosen to “go overseas.” Taking the company’s solar module shipments in the first half of 2019 as an example, its overseas shipments accounted for 70%.

Longji said that in the first quarter of this year, in the face of the spread of the epidemic and the complex external operating environment, it flexibly adjusted its production and operation plans. For overseas orders, the company strengthened timely communication with domestic and foreign customers, and strived to ensure timely and high-quality delivery of orders in hand.

In addition, the crazy expansion of Longji’s shares on the silicon side in 2019 seems to be preparing for the future price war of monocrystalline solar wafers.

On March 25, 2020, LONGi released the price announcement of monocrystalline solar wafers. The price of monocrystalline solar wafers P-type M6 180μm thickness (166 / 223mm) is 3.41 yuan / sheet, which is the price announced on February 24 Compared with it, it is reduced by 0.06 yuan / piece; the price of single crystal solar silicon P-type M2 180 μm thickness is 3.07 yuan / piece. Compared with the price released on February 24, it remains unchanged.

In this announcement, Longji announced the same price for P-type boron-doped and gallium-doped silicon wafers. Industry insiders believe that its official announcement of the same price for both may be laying the foundation for the elimination of backward monocrystalline solar capacity.

The long-term trend of solar photovoltaics has not changed

At present, under the spread of overseas epidemics, short-term demand in overseas markets has been impacted, and whether the overseas sales of Longji shares have been affected has attracted considerable attention from investors.

On April 15th, Longji’s board secretary responded that the epidemic was a short-term impact on the solar photovoltaic industry, and the mid-to-long term trend of the solar photovoltaic industry has not changed. The company’s order fulfillment has been normal in the past week, and it will carefully evaluate the market situation to fully prevent market risks.

It is worth mentioning that in 2020, Longji shares non-stop, and has successively announced a number of expansion projects to further enhance the overall production capacity.

According to public information, Longji’s planned production capacity has exceeded 133GW, and on its traditional strength silicon side, it will achieve 80GW of production capacity in 2020.

It is worth noting that the development trend of large-size silicon wafers has also become a hot topic this year. M6 (166mm) size silicon wafers represented by Longji shares and M12 (210mm) size silicon wafers represented by Zhonghuan shares Direct collision.

According to Longji shares, the company ’s M6 (166mm) silicon wafer orders have been filled in the second quarter since full production resumed in March. Looking forward to the whole year, its calculated M6 silicon wafer will account for more than 70% of the total shipments.

It can be said that from the comparison of production capacity, Longji currently has no rivals on the silicon side.

Finally, back to the performance forecast, affected by the large pre-increased performance of Longji shares, Longji shares opened higher and higher today, and once touched the daily price limit, the total market value exceeded 100 billion yuan.

Relevant agencies expect that the second quarter of this year will be a period of downturn overseas. The adjustment of the industrial chain price will accelerate, driving the demand after the epidemic. The leading share will further increase. The current adjustment is relatively large. The long-term value of the solar photovoltaic leading including Longji shares appears.

Posted by Carrie Wong | WSL Solar

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.

https://www.wsl-solar.com