Suzhou Maxwell Technologies Co.Ltd(300751) (300751)
New starting point of photovoltaic equipment, hjt whole line equipment goes overseas for the first time
According to information disclosure of Suzhou Maxwell Technologies Co.Ltd(300751) official account, Suzhou Maxwell Technologies Co.Ltd(300751) and REC Group signed the order for 400MWHJT heterojunction battery line equipment. This bid represents the first time that the company’s self developed R & D heterojunction line equipment has gone abroad for the first time, proving that the company stands at the forefront of the global mass production technology of HJT, and also shows the prospect of the whole ball heterojunction market. We keep the profit forecast unchanged. It is estimated that the net profit attributable to the parent company from 2021 to 2023 will be RMB 572 / 808 / 1118 million, and the EPS will be RMB 5.55/7.84/10.85/share respectively. The current stock price corresponds to 127.1/89.9/65.0 times of P / E, maintaining the “buy” rating.
Signed an order for 400MW heterojunction battery whole line equipment with rec group
According to information released by Suzhou Maxwell Technologies Co.Ltd(300751) official account, Suzhou Maxwell Technologies Co.Ltd(300751) and REC group have signed the order of 400MWHJT heterojunction battery line equipment. The company will supply HJT cell core production equipment such as PECVD, PVD, screen printing, etc., for REC 400MWHJT production line in Singapore. The production line will be designed with 210mm half technology, and the design capacity is about 11200 half a piece / hour. This bid winning means that the company stands at the forefront of global hjt mass production technology, and its products are comparable to or even surpass foreign equipment.
Heterojunction whole line equipment has stepped out of the country for the first time
Suzhou Maxwell Technologies Co.Ltd(300751) reached cooperation with rec, and the heterojunction whole line equipment independently developed by the company went to the overseas market for the first time. According to information disclosure of Suzhou Maxwell Technologies Co.Ltd(300751) WeChat official account, REC said that Suzhou Maxwell Technologies Co.Ltd(300751) can give customers more feasible options, and overseas customers choose LCOE as the standard for component selection. Hjt products have won the favor of the market with higher power generation efficiency (double-sided rate reaches 90%) and lower BOM cost. Zhou Jian, chairman of the company, said he hopes to pass Suzhou Maxwell Technologies Co.Ltd(300751) in the future Hjt microcrystalline mass production equipment to further promote the development and application of heterojunction technology. In the future, the company will help customers import the latest processes such as microcrystalline silicon and silver clad copper, continuously improve efficiency and reduce cost, lead the development of heterojunction technology and accelerate the pace of large-scale mass production of heterojunction industry.
Risk warning: the global PV installed capacity is lower than expected; Heterojunction project bidding was lower than expected.
