On April 7, Tcl Technology Group Corporation(000100) and its holding subsidiary Tianjin Zhonghuan Semiconductor Co.Ltd(002129) both announced that they signed an agreement with the people's Government of Inner Mongolia Autonomous Region and the people's Government of Hohhot on the construction of "Inner Mongolia central industrial city project group". It is planned to build about 120000 tons of high-purity polycrystalline silicon projects, semiconductor monocrystalline silicon materials and supporting projects in Inner Mongolia, with a total investment of about 20.6 billion yuan.
Source: company announcement
Source: company announcement
or to ensure its own supply
The announcement shows that the project group of Inner Mongolia central industrial city includes: high-purity polysilicon project, with a total capacity of about 120000 tons; Semiconductor monocrystalline silicon materials and supporting projects; National silicon material R & D center project.
For this investment, Tcl Technology Group Corporation(000100) said that it would give full play to the synergy advantages of the company's semiconductor and photovoltaic industry chain, and carry out industrial chain investment cooperation in high-purity polysilicon projects through the expansion of technical capacity, which would be conducive to the coordinated cost reduction and shared development of industrial chain strategy, and strengthen the stability of supply chain.
Tianjin Zhonghuan Semiconductor Co.Ltd(002129) introduced that the cooperation will further build Inner Mongolia central industrial city on the basis of the company's original industrial base, and strive to become an internationally competitive silicon industry project group and the world's most concentrated photovoltaic new energy material base with the best economies of scale, so as to support the company's high-quality development.
An industry chain official said that the project may be to ensure the company's own raw material supply.
Tianjin Zhonghuan Semiconductor Co.Ltd(002129) performance express disclosed that in 2021, the company's total operating revenue and net profit attributable to the parent company increased by 115.28% and 269.14% respectively year-on-year.
Anxin Securities pointed out that the company's production capacity was accelerated and the product structure was optimized and upgraded. Through technological innovation and process optimization, the production efficiency of the company's single furnace is leading in the industry, and the silicon material consumption rate per unit product has decreased significantly year-on-year. Through the improvement of thin line and thin sheet process, the silicon wafer yield and product a rate have increased significantly.
According to the announcement, the project has also received a series of policy support, including the support of the Inner Mongolia Autonomous Region government Tianjin Zhonghuan Semiconductor Co.Ltd(002129) and relevant parties to build photovoltaic power stations in the form of market-oriented grid connected projects within the Inner Mongolia Autonomous Region, so as to realize that the proportion of renewable energy consumption quota in the production and consumption of power in the industrial city meets the requirements of the national double carbon target and meets the requirements of carbon footprint Tianjin Zhonghuan Semiconductor Co.Ltd(002129) and related parties' investment projects comply with the industrial power support policies issued by Inner Mongolia Autonomous Region and can be implemented in accordance with relevant requirements.
listed companies have high investment sentiment
Driven by strong downstream demand, the performance of industrial chain companies benefited.
Tongwei Co.Ltd(600438) it is estimated that the net profit attributable to the parent company in the first quarter will increase by 478% - 514% year-on-year. The reason for the strong year-on-year demand for photovoltaic products and polycrystalline silicon products is that the price of photovoltaic products exceeds the expectation.
Since this year, the price of polysilicon in China has continued to rise. At the same time, many companies have thrown out investment plans.
Tbea Co.Ltd(600089) previously announced that Xinte energy, a holding subsidiary, plans to invest in a 200000 ton polysilicon project with a total investment of about 17.6 billion yuan in Xinjiang Changji Zhundong industrial park with its wholly-owned subsidiary Xinte silicon-based new materials Co., Ltd. as the main body.
Wuxi Shangji Automation Co.Ltd(603185) plans to invest in the construction of 150000 tons of high-purity industrial silicon and 100000 tons of high-purity crystalline silicon projects with a total investment of 11.8 billion yuan. The project will be implemented in two phases.
Jolywood (Suzhou) Sunwatt Co.Ltd(300393) plan and Taiyuan municipal government to invest about 14 billion yuan in the construction of polysilicon project in Gujiao City, Shanxi Province. The total construction period is about 5 years, which is divided into two phases.
As more and more "players" throw out investment plans, it also raises concerns about overcapacity in the market.
The above-mentioned industrial chain people said that according to the total capacity of existing and planned investment, there may be surplus in the future.
But the industry chain also said that although the company threw out the investment plan, the project was phased. When some enterprises actually start projects, they will consider the market volume. If the overall overcapacity, it may also be adjusted. "Listed companies invest enthusiastically, but in fact they use the time difference to seize market share."
