“Photovoltaic Mao” continues to expand production capacity!
On the evening of the 13th, Longi Green Energy Technology Co.Ltd(601012) announced the signing of a major investment agreement, which plans to invest in the construction of 20GW silicon chip + 30GW battery chip + 5GW component capacity, with an investment amount of about 19.5 billion yuan.
After the news came out, 630000 investors were boiling. You know, on March 7, Longi Green Energy Technology Co.Ltd(601012) just raised the silicon wafer production capacity.
Longi Green Energy Technology Co.Ltd(601012) : sign major investment agreement
project investment amount is about 19.5 billion yuan
Longi Green Energy Technology Co.Ltd(601012) on the evening of March 13, it was disclosed that the company signed a major investment agreement, and the company signed an investment cooperation agreement with Inner Mongolia Eerduosi Resources Co.Ltd(600295) Municipal People’s government and people’s Government of Yijinholo banner on March 12.
The company signed the investment cooperation agreement with the people’s Government of Inner Mongolia Eerduosi Resources Co.Ltd(600295) city and the people’s Government of ejinholo banner on March 12, 2022, and reached cooperation intention on the company’s investment and construction of 20GW single crystal silicon rod and chip project, 30GW high-efficiency single crystal cell project and 5GW high-efficiency photovoltaic module project in mengsu Economic Development Zone of ejinholo banner, Inner Mongolia Eerduosi Resources Co.Ltd(600295) City, Inner Mongolia Autonomous Region. The estimated investment amount of the project with an annual output of 20GW single crystal silicon rod and chip is 7.6 billion yuan, the estimated investment amount of the project with an annual output of 30GW high-efficiency single crystal cell is 10.3 billion yuan, and the estimated investment amount of the project with an annual output of 5GW high-efficiency photovoltaic module is 1.6 billion yuan.
The total investment amount of the project is 19.5 billion yuan.
The announcement said that the project investment agreement signed this time is in line with the company’s future capacity planning, which is conducive to the company to give full play to its leading advantages in technology and products, seize the development opportunities of photovoltaic market, further improve the company’s capacity scale and continuously improve its market competitiveness. The project is not expected to have an impact on the company’s current operating income. The company will convene a board of directors to analyze and calculate the feasibility of the project according to the project implementation plan and disclose it in time. The signing and performance of the above investment agreement will not affect the business independence of the company.
63 million shareholders boiling
As soon as the news came out, the investors were boiling. Some analysts pointed out that according to the style of Longi Green Energy Technology Co.Ltd(601012) “no leading technology, no expansion of production”, the large-scale expansion of the production capacity of battery chips this time is likely to be a breakthrough in the technology of n-type battery.
The data show that by the end of the third quarter of 2021, there were more than 630000 shareholders.
has taken the initiative to increase production capacity
further consolidate the position of King
It is worth noting that on March 7, 2022, Longi Green Energy Technology Co.Ltd(601012) increased the silicon wafer production capacity. According to the announcement, the investment scale of Qujing (phase II) monocrystalline silicon wafer project has been changed from 20GW per year to 30GW per year.
According to the analysis of Kaiyuan securities at that time, the company’s silicon wafer production capacity was 110gw by the end of 2021. With this expansion, the company’s silicon wafer production capacity is expected to reach 140 ~ 150gw by the end of 2022.
Now the expansion of production means that Longi Green Energy Technology Co.Ltd(601012) production capacity is expected to exceed expectations again.
At the same time, on March 7, Longi Green Energy Technology Co.Ltd(601012) in the institutional research, said that carbon neutralization has become the general direction of global energy development. Under the condition that the long-term energy development policy is very clear, with the continuous progress of photovoltaic technology and the continuous release of new capacity of upstream raw materials, the supply and demand pattern of the industry will be further improved and the cost of photovoltaic power generation will continue to decline, therefore, it is expected that the global photovoltaic market demand will exceed 200GW in 2022 and maintain a high boom development trend. According to the forecast of China’s photovoltaic industry association and Markit, the growth rate of 220gw is expected to exceed 35% year-on-year in 2022.
In terms of share price, Longi Green Energy Technology Co.Ltd(601012) also fell to around 63 yuan this year, but it began to rebound by more than 20% in recent months. The latest share price returned to above 80 yuan, with a market value of 435.8 billion yuan.
