According to the operation of the photovoltaic calendered glass industry in February 2022 released by the Ministry of industry and information technology of China on the 22nd, the photovoltaic calendered glass industry generally shows a trend of high inventory and declining profits.
According to the Ministry of industry and information technology, in February 2022, the photovoltaic calendered glass industry showed a trend of high inventory and declining profits due to the rapid expansion of production capacity in the early stage, the increase of raw fuel costs and the off-season market demand. Some enterprises took measures to limit production and reduce production.
According to the monitoring of China State Construction Engineering Corporation Limited(601668) glass and Industrial Glass Association, as of the end of February, there were 36 enterprises in production, with a monthly output of 949000 tons, an increase of 41% year-on-year. The average inventory of the enterprise is about 21 days.
According to the data, in February, the average price of 2mm photovoltaic calendered glass was 20.2 yuan per square meter (RMB, the same below), and the average price of 3.2mm photovoltaic calendered glass was 26.3 yuan per square meter, a year-on-year decrease of 41.4% and 38.4% respectively.
China’s leading photovoltaic glass enterprise Flat Glass Group Co.Ltd(601865) recently said in its annual report that after the second quarter of 2021, the price of photovoltaic modules increased due to the rise of the cost of some raw materials, which restrained the growth trend of the module terminal market. At the same time, the gradual release of new capacity in the photovoltaic glass industry led to an increase in supply, resulting in a sharp decline in the price of photovoltaic glass. Throughout 2021, Flat Glass Group Co.Ltd(601865) gross profit margin decreased by 9.22 percentage points year-on-year.
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