announcement specifically shows that the first phase of 10GW high-efficiency N-type TOPCon photovoltaic cell project is expected to start production in June 2023. The second and third phases of photovoltaic slicing and photovoltaic module projects have only signed a framework agreement. The preliminary estimate of the total investment amount is about 5.3 billion yuan. The start-up time and actual investment amount are determined based on the subsequent progress.
project signing ceremony
project was located in Quanjiao County Economic Development Zone, with a land area of about 700 mu. As a veteran photovoltaic enterprise, it has chosen to start production of TOPCon photovoltaic cell project. Yijing Optoelectronics stated in the announcement that the company began to launch a capacity expansion plan in the first half of 2022. The company currently has a TOPCon battery experimental line, and has completed the R&D process of 182mm and 210mm TOPCon battery modules and related product certification. The company has selected and evaluated the TOPCon technology, equipment, investment costs, and factory layout, and believes that the current investment in the construction of a 10GW high-efficiency N-type TOPCon photovoltaic cell project has economic feasibility and the conditions for rapid conversion into production capacity.
However, the company also stated that its main product is still PERC battery modules. The planned investment in the construction of TOPCon battery modules has not yet been mass-produced and has not been certified by customers. It is still in the R&D certification stage, and there is certain uncertainty in subsequent sales.
At present, Yijing Optoelectronics has a production capacity of 5GW batteries + 5GW modules. It is expected that the annual production of 5GW high-efficiency solar module project of Changzhou will be put into production at the end of September, and the total production capacity will reach 5GW batteries + 10GW modules.
If the Quanjiao Phase I photovoltaic cell project is put into production, the company's battery capacity gap will be filled, and the surplus battery products will be sold to the outside world depending on the market conditions or further supporting new component production capacity in the future.
In terms of performance, under the pressure of continuous rising prices of upstream silicon materials, Yijing Optoelectronics recorded operating income of 3.465 billion yuan in the first half of the year, an increase of 93.29% year-on-year; net profit was 23.62 million yuan, turning losses into profits year-on-year.
company said that it will further increase the proportion of overseas shipments in the future, and overseas sales are expected to account for about 70%. At this stage, Europe has strong demand for photovoltaic installations and strong consumption capacity, and is still the main expansion area. In addition, South America, Australia, Southeast Asia and other places are also key business expansion areas.
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