Tonight, hjt equipment leader Suzhou Maxwell Technologies Co.Ltd(300751) Suzhou Maxwell Technologies Co.Ltd(300751) (SZ) disclosed the first quarter report, and the net profit attributable to the parent company increased by 50% year-on-year.
Compared with the first quarter report, Suzhou Maxwell Technologies Co.Ltd(300751) previously won the order of Asia’s richest man, which made investors happier.
According to relevant agreements, Reliance Industries plans to purchase 8 Cecep Solar Energy Co.Ltd(000591) heterojunction battery production equipment from Singapore Maiwei, with a capacity of 600MW / piece, a total of 4.8gw Mukesh drubai Ambani, chairman of Reliance Industries, is the richest man in Asia.
Hjt cell is another route of photovoltaic cell technology, which has been criticized for its cost. However, Suzhou Maxwell Technologies Co.Ltd(300751) this large order is a boost to the hjt route of photovoltaic industry.
won the order of Asia’s richest man
On the 18th, Suzhou Maxwell Technologies Co.Ltd(300751) disclosed the first quarterly report that the company’s revenue was 830 million yuan, a year-on-year increase of 32.09%; The net profit attributable to the parent company was 180 million yuan, a year-on-year increase of 49.77%. However, the company’s net operating cash flow showed a year-on-year decline of 73.32%.
For the reason of revenue growth, Suzhou Maxwell Technologies Co.Ltd(300751) said that the sales of Cecep Solar Energy Co.Ltd(000591) battery production equipment, the company’s main business product, increased year-on-year. As for the year-on-year decline in net operating cash flow, it is because the company prepared goods in advance and locked the capacity of suppliers, resulting in a significant year-on-year increase in procurement. In addition, the top ten shareholders of the company have not changed much.
On April 18, Suzhou Maxwell Technologies Co.Ltd(300751) ‘s share price soared by 11.36%, with a turnover of 690 million yuan. However, the rise of the company’s share price on that day should have little to do with the performance of the first quarterly report, or the embodiment of the good news on April 17.
According to the announcement that night, its wholly-owned subsidiary Maxwell technology Pte.Ltd. (hereinafter referred to as Singapore Maiwei) issued letter of commitment (hereinafter referred to as “LOC”). According to the above LOC agreement, Reliance Industries plans to purchase 8 whole lines of Cecep Solar Energy Co.Ltd(000591) heterojunction cell production equipment from Singapore Maiwei, with a capacity of 600MW / piece, a total of 4.8gw. The total purchase amount exceeds 50% of the company’s audited operating revenue in 2021, but does not reach 100%.
Although the company did not disclose the specific total purchase amount, it can be found that the total purchase amount exceeded 1.5 billion yuan (last year’s revenue was 3.095 billion yuan).
Reliance Industries is a listed company in India. According to Fortune magazine in 2021, it ranks 155th in the world’s top 500. In fiscal year 2020, its operating revenue was US $62.912 billion and its profit was US $6.619 billion. The chairman of the company is Mukesh drubai Ambani.
According to the Hurun global rich list released in March this year, Mukesh drubai Ambani, chairman of Reliance Industries, won the title of Asia’s richest man.
In fact, this is not the first cooperation between Suzhou Maxwell Technologies Co.Ltd(300751) and Asia’s richest man. In December 1, 2021, Suzhou Maxwell Technologies Co.Ltd(300751) announced the 400MW official account of WeChat’s HJT public battery, which was signed by REC public company. The REC group is a subsidiary of Reliance Industries.
Rec group once explained: “our choice of Maiwei is based on long-term and in-depth research. After a large number of reliability tests and efficiency tests on Maiwei’s hjt whole line equipment, we found that Maiwei’s equipment meets or even exceeds our expectations. More importantly, Maiwei can give customers more feasible choices with a high degree of cooperation.”
organization is optimistic about hjt route
Suzhou Maxwell Technologies Co.Ltd(300751) large orders are a boost to the hjt route of photovoltaic industry.
According to the definition reported by many securities companies, the Cecep Solar Energy Co.Ltd(000591) battery composed of two different types of semiconductor materials of p-n junction can be called heterojunction Cecep Solar Energy Co.Ltd(000591) battery, which is opposite to the homogeneous junction battery, that is, the p-n junction is composed of the same semiconductor material. At present, the crystalline silicon Cecep Solar Energy Co.Ltd(000591) batteries in practical commercial applications are basically homogeneous junction batteries (p-n junction is formed by crystalline silicon), while the heterojunction battery generally mentioned in the industry refers to the battery formed by amorphous silicon and crystalline silicon. Compared with traditional photovoltaic cells, heterojunction hjt cells have comparative advantages in conversion efficiency, efficiency improvement space, power generation capacity, process flow and so on.
Suzhou Maxwell Technologies Co.Ltd(300751) in the annual report, it is mentioned that hjt cell is expected to become the next generation of mainstream photovoltaic cell technology with its advantages of high conversion efficiency, low attenuation rate, few process steps and clear cost reduction route.
According to solarzoom’s report, recently, through the test of the authoritative certification organization German Hamelin Cecep Solar Energy Co.Ltd(000591) Research Institute (ISFH), the company adopted the TCO process with low indium content and silver clad copper gate wire to obtain 25.62% photoelectric conversion efficiency on the full-size M6 monocrystalline silicon heterojunction battery. In addition, the company, together with the manufacturer of packaging adhesive film Cybrid Technologies Inc(603212) , has successfully developed a new high-efficiency heterojunction module using light conversion adhesive film, which has increased the module power by more than 5W.
Sinolink Securities Co.Ltd(600109) it is estimated that the new capacity of heterojunction is expected to reach 20GW ~ 30GW in 2022. Although the current production cost of heterojunction is high, with the continuous improvement of industrialization supporting facilities, the cost is expected to decrease rapidly in the year.
