Shuangliang Energy Saving (600481.SH) has signed a big order again.
htmlOn the evening of October 13, Shuangliang Energy Conservation issued an announcement stating that its wholly-owned subsidiary signed a contract with Daquan Energy (688303.SH) and its subsidiaries, and is expected to purchase 155,300 tons of polysilicon material from the other party, with a purchase amount of approximately 47.056 billion yuan.Red Star Capital Bureau noticed that this is the fifth major contract disclosed by Shuangliang Energy Saving this year. At present, Shuangliang Energy Saving has locked in nearly 800,000 tons of silicon material in the next 5 to 8 years, and the purchase amount is expected to reach 227.2 billion yuan.
The fifth major contract in the year
has exceeded 200 billion yuan to lock in nearly 800,000 tons of silicon material
Public information shows that Shuangliang Energy Saving mainly produces polycrystalline silicon reduction furnaces, large-size single crystal silicon wafers and other products in the field of photovoltaic .
In the photovoltaic industry chain, the upstream of silicon wafers is silicon material. Since 2021, silicon materials have been in short supply, with the unit price rising from more than 80,000 yuan/ton to more than 300,000 yuan/ton today, and the phenomenon of "holding silicon is king" has occurred in the industry.
htmlOn the evening of October 13, Shuangliang Energy Conservation issued an announcement stating that its wholly-owned subsidiary signed a contract with Daquan Energy and its subsidiaries.contract stipulates that from 2022 to 2027, Shuangliang Energy-saving will purchase 155,300 tons of polycrystalline silicon material, and conduct transactions through monthly bargaining, and the amount cannot be determined for the time being. Based on the latest average price released by PV InfoLink, the estimated purchase amount is approximately 47.056 billion yuan.
screenshot from Shuangliang Energy Saving Announcement
Shuangliang Energy Saving stated that it has started to deploy large-size single crystal silicon wafer business in 2021. With the smooth progress of project construction, it will have the conditions for production of 40GW+ production capacity by the end of this year, and sufficient orders are available. has signed a procurement contract to ensure that the company has signed a long-term sales order for large-size monocrystalline silicon wafers to be delivered as scheduled in the future, and has signed this procurement contract to ensure the stable supply of raw materials in advance.
Red Star Capital Bureau found that Shuangliang Energy Conservation has signed five major contracts this year, involving Tongwei Co., Ltd. (600438.SH), Xinte Energy (01799.HK), Shanghai Oriental Hope Energy Holding Co., Ltd. and Daquan Energy.
Among them, these five major contracts stipulate that in the next 5-8 years, the above-mentioned silicon material production companies should supply 796,500 tons of silicon material to Shuangliang Energy Saving, with an estimated purchase amount of 227.2 billion yuan.
Net profit in the third quarter increased by more than 5 times
will issue convertible bond investment projects of no more than 2.6 billion yuan
html On the evening of October 13, Shuangliang Energy Saving also disclosed its third-quarter financial report.financial report shows that Shuangliang Energy Saving's revenue in the first three quarters of this year was approximately 8.746 billion yuan, a year-on-year increase of about 285.69%; net profit attributable to shareholders was approximately 830 million yuan, a year-on-year increase of about 368.83%.
Among them, in the third quarter, Shuangliang Energy Saving's revenue was approximately 4.449 billion yuan, a year-on-year increase of about 337.03%; net profit attributable to shareholders was approximately 477 million yuan, a year-on-year increase of about 539.28%.
screenshot from Shuangliang Energy Saving Announcement
In addition, Shuangliang Energy Saving also disclosed that it will issue convertible bonds of no more than 2.6 billion yuan. After deducting issuance expenses,
will invest 1.86 billion yuan to 40GW single crystal silicon Phase II project (20GW) - the investment scale of this project is 6.237 billion yuan, and the other 740 million yuan of the raised funds will be used to supplement working capital.
After the third quarter financial report was disclosed, Guolian Securities and AVIC Securities both maintained a "buy" rating for Shuangliang Energy Saving.
Guolian Securities stated in its research report that the release of Shuangliang's energy-saving silicon wafer production capacity has driven high performance growth, and advanced silicon wafer production capacity has been promoted smoothly. The return on orders for the reduction furnace will be gradually reflected, and long-term orders will be implemented to ensure the supply of silicon materials and the shipment of silicon wafers.
htmlOn October 14, as of the closing of the afternoon, Shuangliang Energy Saving's stock price was 16.67 yuan per share, down 0.3%, with a total market value of approximately 31.18 billion yuan.Red Star News Reporter Yang Peiwen
Editor Ren Zhijiang Editor Bao Chengli
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