A single purchase amount exceeds half a year’s revenue!
On April 17, Suzhou Maxwell Technologies Co.Ltd(300751) announced that Reliance Industries of India plans to purchase 8 complete lines of Cecep Solar Energy Co.Ltd(000591) heterojunction (hjt) battery production equipment from Singapore Maiwei, a wholly-owned subsidiary, with a production capacity of 600MW / piece, a total of 4.8gw. The total purchase amount exceeds 50% of the company’s operating revenue in 2021, but does not reach 100%P align = “center” source: company announcement
order full
Statistics show that Suzhou Maxwell Technologies Co.Ltd(300751) the counterparty Reliance Industries is a listed company controlled by Mukesh Ambani, India’s richest man. According to Fortune magazine in 2021, the company ranks 155th among the world’s top 500, with an operating revenue of US $62.912 billion and a profit of US $6.619 billion in fiscal year 2020. It has good credit standing and has the ability to perform.
As a supplier of hjt battery whole line equipment, since 2021, Suzhou Maxwell Technologies Co.Ltd(300751) has won large-scale heterojunction core equipment orders, and its Chinese core customers include Guangdong Golden Glass Technologies Limited(300093) , Tongwei Co.Ltd(600438) , etc.
In December 2021, Suzhou Maxwell Technologies Co.Ltd(300751) signed an order for 400MW hjt battery whole line equipment with overseas customer rec group, realizing the company’s hjt equipment going abroad for the first time.
The annual report shows that Suzhou Maxwell Technologies Co.Ltd(300751) achieved an operating revenue of 3.095 billion yuan in 2021, an increase of 35.44% year-on-year; The net profit attributable to shareholders of listed companies was 643 million yuan, an increase of 62.97% year-on-year; The deducted non net profit attributable to shareholders of listed companies was 597 million yuan, an increase of 76.35% year-on-year; The basic earnings per share is 6.26 yuan.
On March 11, Suzhou Maxwell Technologies Co.Ltd(300751) said in the institutional investigation that the capacity of hjt equipment is currently overloaded, and the company meets the customer’s order requirements by renting a new plant. The 85 mu land in phase I of the company’s raised investment project has obtained the construction permit, and the construction unit has entered the construction site. It is expected to be put into operation at the end of this year or early next year.
hjt battery has a broad market
Recently, China Power Council issued the analysis and forecast report on the national power supply and demand situation from 2021 to 2022. It is estimated that by the end of 2022, the installed capacity of wind power and Cecep Solar Energy Co.Ltd(000591) power generation will reach 380 million KW and 400 million KW respectively, that is, the newly installed capacity of wind power and photovoltaic power will be about 50gw and 90gw in 2022.
A few days ago, a number of photovoltaic industry chain companies have entered the hjt track, and some companies have started the expansion projects for the hjt Cecep Solar Energy Co.Ltd(000591) batteryproduction projects, etc.
On April 9, Guangdong Golden Glass Technologies Limited(300093) ‘s first hjt microcrystalline production line, the efficiency of the first batch of cells has reached 24.6%, far exceeding the amorphous line at the same stage. After reaching the production capacity, Guangdong Golden Glass Technologies Limited(300093) is expected to achieve 25% mass production efficiency of hjt battery.
Soochow Securities Co.Ltd(601555) predicts that the cost reduction and efficiency increase of heterojunction batteries will accelerate in 2022, and the manufacturing cost per w of heterojunction batteries will be equal to that of perc batteries by the end of the year. It is expected to expand production by 20-30gw within the year and more than 50gw in 2023.
