Profits soared by 340%, Shuangliang Energy Saving invested 7 billion to welcome a "big harvest"

The report shows that in the first quarter, Shuangliang Energy Saving achieved operating income of 1.734 billion yuan, a year-on-year increase of 299.50%; net profit attributable to the parent company was 121 million yuan, a year-on-year increase of 340.80%. Both revenue and profit hit new highs since the company went public.

Data shows that Shuangliang Energy Saving has been listed as early as 2003, and its main business is divided into energy-saving and water-saving systems and new energy systems. After several years of development, it has become a leading company in the field of energy conservation. However, as its leading position has been consolidated, Shuangliang Energy Conservation has also encountered performance bottlenecks.

To this end, Shuangliang Energy Saving entered the hot photovoltaic silicon wafer track in March 2021, established Shuangliang Silicon Materials (Baotou) Co., Ltd., and invested in the construction of two phases in Baotou City There are a total of 40GW of monocrystalline silicon projects, of which the total investment in the first phase of the project is as high as 7 billion yuan.

After the project was put into construction, Shuangliang Energy Saving signed huge silicon wafer sales contracts with downstream battery cells and integrated component companies. Photovoltaic data from Weike.com shows that Shuangliang Energy Saving has signed silicon wafer sales contracts with an estimated value of more than 60 billion yuan between October 2021 and February 2022.

In 2021, Shuangliang Energy Saving achieved revenue of 3.830 billion yuan, a year-on-year increase of 84.87%; net profit attributable to the parent company was 312 million yuan, a year-on-year increase of 127.24%. High-speed growth mode has been launched.

However, the surge in performance of Shuangliang Energy Saving in 2021 is not due to the silicon wafer business, but because of the polysilicon reduction furnace. Data shows that Shuangliang's energy-saving polysilicon reduction furnace product revenue in 2021 was 978 million yuan, a year-on-year increase of 453.60%. Although it is not the largest source of revenue, its gross profit margin ranks first among all products.

Entering 2022, as monocrystalline silicon wafer products began to be delivered, Shuangliang’s energy-saving performance further improved, leading to good results in the first quarter.

The announcement shows that in the first quarter of 2022, Shuangliang Energy Saving silicon rods/wafers (182/210mm) shipped a total of approximately 0.9GW, which has made a significant contribution to the growth of Shuangliang Energy Saving’s performance. contribute.

According to Shuangliang’s energy-saving plan, it will achieve an annual production capacity of 20GW+ as soon as possible in 2022 and a total annual production capacity of 40GW+ in 2023, giving full play to the company’s scale advantage.

According to this plan, 2022 will be a year of rapid progress for Shuangliang Energy Saving.The secondary market is also expected to usher in a "big harvest."

In addition, Shuangliang Energy Saving has also recently announced its entry into the component sector, planning to invest a total of 5 billion yuan in the construction of a 20GW high-efficiency photovoltaic module project in Baotou Rare Earth High-tech Zone, including a 5GW photovoltaic module project in the first phase. The investment is expected to be 1.5 billion yuan, and it is expected to become a vertically integrated photovoltaic giant.