On April 23, Jingke energy (stock code "688223") officially disclosed its 2021 annual report and handed over its first performance answer after landing on the science and innovation board. According to the financial report, Jingke energy achieved an operating revenue of 40.57 billion yuan in 2021, a year-on-year increase of 20.53%; The net profit attributable to the parent company was 1.141 billion yuan, a year-on-year increase of 9.59%; At the end of the period, the total assets were 72.871 billion yuan, a year-on-year increase of 44.20%, and various business indicators showed a steady growth trend.
Jingke Energy said that the company accurately grasped the technology development trend and changes in market demand, established a leading edge in the trend of technology transformation from p-type to n-type in the photovoltaic industry, and laid a good foundation for the long-term growth of the company's performance.
seize development opportunities and lay out globalization strategy
According to the data, Jingke energy is a world-renowned manufacturer of photovoltaic products with photovoltaic industry technology as the core. It landed on Kechuang board on January 26, 2022 and is mainly engaged in the R & D, production and sales of Cecep Solar Energy Co.Ltd(000591) photovoltaic modules, cells and silicon wafers, as well as the application and industrialization of photovoltaic technology. According to the data, in 2021, Jingke energy sent more than 25gw Cecep Solar Energy Co.Ltd(000591) products to the world, and took the lead in becoming an enterprise with a cumulative global component shipment of more than 100gw in the first quarter of this year.
Benefiting from the forward-looking global strategic layout, the company's production and marketing scale ranks in the forefront. The reporter learned that, as a leading enterprise in the degree of globalization of the industry, Jingke energy has more than 30000 employees and 12 production bases around the world, has established local professional marketing teams in more than 120 countries and regions around the world, and has provided advanced Cecep Solar Energy Co.Ltd(000591) products and technical services to ground power stations, commercial and civil customers in more than 160 countries and regions.
By the end of 2021, the overseas operating revenue of Jingke energy accounted for more than 75%. Jingke Energy said that the company achieved more than 50% revenue growth in China, Europe and emerging markets last year, and continued to maintain a stable shipment scale in North America and Asia Pacific markets. In the context of the global energy crisis and the acceleration of decarbonization process, the balanced global layout enables the company to better share the development opportunities in the process of global energy transformation and avoid the risks brought by the change of single market policy.
The global layout of Jingke energy is not only reflected in the sales side, but also takes the lead in realizing the landing of production capacity overseas in the face of complex and changeable international trade situation. According to the financial report, by the end of 2021, the battery and module capacity of Jingke energy in Malaysia base had reached about 7gw. At the same time, with the 7gw silicon wafer production capacity put into operation in Vietnam in early 2022, Jingke energy has become China's first photovoltaic enterprise with complete vertical integration production capacity overseas, which will help the company ensure and enhance the supply for different markets and maintain a leading global market share.
lead the "n-type era" and promote product diversification
Insiders said that at present, crystalline silicon photovoltaic cells in the photovoltaic industry can be divided into two technical routes: p-type and n-type. With the conversion efficiency of p-type cells gradually approaching the ceiling, the "n-type era" of photovoltaic industry has come, and n-type TOPCON technology has become the main force to promote the upgrading of the industry from p-type to n-type by virtue of its certainty of improving efficiency and reducing cost and high cost performance.
Jingke energy began to layout the production capacity of n-type TOPCON battery as early as 2019, and achieved 25.4% laboratory battery conversion efficiency in 2021, breaking the world record for many times. At the same time, the company overcame the difficult process links in mass production and quickly realized the intelligent production line of high-efficiency n-type TOPCON battery from laboratory to factory, with a mass production efficiency of nearly 24.5%.
The relevant person in charge of Jingke Energy said that at the beginning of this year, the company successively put into operation 16GW large-size n-type high-efficiency battery production capacity in Hefei, Anhui and Haining, Zhejiang. At present, the production capacity is progressing smoothly, the efficiency has exceeded 24.6%, and the yield is close to the p-type level. At the same time, the company launched tigerneo series component products using n-type TOPCON battery technology in November 2021, which have the characteristics of high power, high efficiency, high reliability and low attenuation, and are widely recognized by the market.
Relying on the rich technical reserves accumulated by the R & D layout of "exploration generation, R & D generation and mass production generation", Jingke energy has a clear plan for the further cost reduction, efficiency increase and production expansion path of n-type TOPCON. The above person in charge said that the company will continue to increase R & D investment and maintain the advantages of n-type technology. At the same time, it will accelerate the industrialization of the next generation of perovskite and laminated batteries, the development and application of battery products with an efficiency of more than 30% and the research and development of high reliability materials, and form diversified, multi scene, high-quality and high-yield photovoltaic products in combination with the application of photovoltaic modules, energy storage and green recyclable products.
actively respond to challenges and lay out long-term development
According to incomplete statistics, at present, more than 130 countries and regions around the world have put forward the climate goal of "zero carbon" or "carbon neutralization". China has announced that it will strive to reach the peak of carbon dioxide emissions by 2030 and achieve carbon neutralization by 2060. The International Energy Agency (IEA) predicts that by 2030, the global PV installed capacity will reach 630gw every year, with a huge market space.
In the face of long-term good industry demand and increasingly fierce industry competition, Jingke energy has actively carried out layout in various fields to build a long-term core competitive advantage facing the future. Jingke Energy said that vertical integration is the necessary competitiveness of photovoltaic enterprises in the future. With the production and integration of the company's advanced production capacity of silicon wafers, batteries and modules, the company will continue to improve the self-sufficiency rate and product gross profit of silicon wafers and batteries.
In the face of current supply chain fluctuations, Jingke energy actively integrates industry resources and ensures its own development and supply chain security by extending to upstream and downstream fields or establishing joint ventures and equity participation with integrated manufacturers; Facing the global shipping market under the influence of the epidemic, Jingke energy has actively joined hands with Maersk, COSCO Shipping and other global shipping leaders to ensure global logistics security.
Moreover, Jingke energy has also made breakthroughs in "photovoltaic +" fields such as energy storage and BIPV (photovoltaic building integration). It is reported that in 2021, Jingke energy storage business has opened mainstream market channels and cooperated with Contemporary Amperex Technology Co.Limited(300750) and other leading enterprises to jointly explore the "photovoltaic + energy storage" business. In addition, the company has also won the bid for the new headquarters project of Dubai Hydropower Bureau, a world-class single BIPV system, and is carrying out BIPV production line transformation to better support the growing demand of building photovoltaic market.
Jingke Energy said that under the "double carbon" goal, the photovoltaic industry will still have both opportunities and challenges in 2022. Facing the future, the company will strive to improve the overall operating efficiency and refined management level, enhance the core competitiveness, strive to promote the forward-looking planning and rapid layout of a new round of advantageous production capacity, expand the first mover advantage in the n-type product market, and lead the high-quality development of the industry.
