In the past year, led by the “double carbon” goal, many photovoltaic enterprises have ushered in high performance, but Jiangsu Akcome Science And Technology Co.Ltd(002610) (002610. SZ) seems a little bleak. According to the performance forecast on January 26, Jiangsu Akcome Science And Technology Co.Ltd(002610) the net profit in 2021 is expected to be a loss of 195 million yuan to 390 million yuan.
At the time of the third quarter report, Jiangsu Akcome Science And Technology Co.Ltd(002610) was the photovoltaic listed company with the second largest decline in net profit, only less than Eging Photovoltaic Technology Co.Ltd(600537) (600537. SH). Now the annual report is issued. The frequent selling of power station assets has not recovered the decline, and the loss amount of Jiangsu Akcome Science And Technology Co.Ltd(002610) has increased significantly again. In this regard, a person from Jiangsu Akcome Science And Technology Co.Ltd(002610) company told the financial associated press that the extra losses mainly came from the provision for asset impairment and bad debt reserves of accounts receivable.
In order to get rid of the situation of declining performance, Jiangsu Akcome Science And Technology Co.Ltd(002610) intends to start with the change of personnel management. Recently, Shi Qiang, the former president, resigned, and Zou Chenghui, the chairman of the board, took up the post of president again. On January 26, the company also launched an incentive plan for employee stock ownership. The above company said that Shi Qiang is mainly specialized in the field of photovoltaic power plants, and the job change also reflects the adjustment of the company’s strategic direction.
sprint heterojunction is difficult to make profit
On January 26, Jiangsu Akcome Science And Technology Co.Ltd(002610) released the performance forecast. It is estimated that the annual operating revenue in 2021 will be 2.5 billion yuan to 3 billion yuan, slightly lower than that of the previous year; The net profit attributable to the parent company was a loss of 195 million yuan to 390 million yuan, a year-on-year decrease of 983.16% to 1866.33%.
Jiangsu Akcome Science And Technology Co.Ltd(002610) explained that the main reasons for the loss of the company’s operating performance in 2021 include: affected by the covid-19 epidemic abroad, the company’s overseas business market development is limited, while the company’s export sales of manufacturing products account for a large proportion, and the operating income and operating performance of manufacturing industry have decreased compared with the same period of last year; The prices of main raw materials such as aluminum, steel, silicon wafers and battery chips have risen sharply, and the sea freight has risen sharply, resulting in a decline in the gross profit of the company’s manufacturing products.
Compared with the third quarterly report, Jiangsu Akcome Science And Technology Co.Ltd(002610) annual performance loss increased significantly. According to the third quarterly report of 2021, the company’s operating revenue was 2.027 billion yuan, a year-on-year decrease of 16.7%; The net profit attributable to the parent company was -120 million yuan, a year-on-year decrease of 1105.97%. Based on this calculation, only in the fourth quarter alone, Jiangsu Akcome Science And Technology Co.Ltd(002610) lost 75 to 270 million yuan.
What happened in the fourth quarter that led to a sharp increase in losses? Jiangsu Akcome Science And Technology Co.Ltd(002610) the company explained to the financial Associated Press: “when issuing the annual report, the external audit, based on the principle of prudence, will withdraw the impairment loss for the older assets or production lines; and also withdraw the bad debt provision for the accounts receivable for a long time. Therefore, it seems that a lot of losses have increased in the fourth quarter, which is mainly caused by this accounting treatment.”
The financial Associated Press reporter also noted that the performance forecast shows that the loss of Jiangsu Akcome Science And Technology Co.Ltd(002610) deducting non net profit is higher, up to 345 million yuan to 540 million yuan, which shows that the amount of non recurring profit and loss is large. It is understood that in Jiangsu Akcome Science And Technology Co.Ltd(002610) 2021, through frequent sales of photovoltaic power station projects, we can change the asset structure and raise funds to invest in the current hot field of heterojunction battery manufacturing. According to the incomplete statistics of the financial Associated Press reporter, Jiangsu Akcome Science And Technology Co.Ltd(002610) the power station assets sold in 2021 alone were as high as about 600 million yuan. In addition, some power stations were sold without disclosing the specific amount.
In this regard, according to people in the photovoltaic industry, Jiangsu Akcome Science And Technology Co.Ltd(002610) has made significant efforts in heterojunction batteries in recent years. At present, it has become the company with the largest production capacity of heterojunction. According to the preliminary plan, Jiangsu Akcome Science And Technology Co.Ltd(002610) will invest and build about 22gw of heterojunction capacity in the future. The important purpose of selling some photovoltaic power stations is also to sprint through the heterojunction. However, Jiangsu Akcome Science And Technology Co.Ltd(002610) heterojunction battery and module business needs huge funds to climb, and the payment collection cycle of the project is long, so it also takes some time to reflect the profit.
after selling the power station, change the seal
In 2022, Jiangsu Akcome Science And Technology Co.Ltd(002610) senior management has undergone intensive personnel changes. Relevant announcements show that the company has successively received written resignation reports from non independent director and president Shi Qiang, vice chairman and senior vice president Yi meihuai, and chairman of the board of supervisors Guan Yanping.
According to the announcement, Zou Chenghui, the actual controller and chairman of Jiangsu Akcome Science And Technology Co.Ltd(002610) , took up the post of president again. According to the data, Zou Chenghui once held the post of president from September 2016 to June 2017, and then Yi meihuai and Shi Qiang successively took over the post of president.
The financial Associated Press reporter noted that Shi Qiang joined Jiangsu Akcome Science And Technology Co.Ltd(002610) since 2006, step by step from the grass-roots salesperson to the senior position of the company, and was promoted to the president of the company in 2019. However, during Shi Qiang’s tenure as president, Jiangsu Akcome Science And Technology Co.Ltd(002610) revenue shrank year by year, from 4.852 billion yuan in 2018 to 3.016 billion yuan in 2020, and the forecast of 2021 annual report also declined.
However, although the announcement disclosed that after Mr. Shi Qiang resigned from the above position, he will not hold any position in the company, the above company person told the financial associated press that Mr. Shi did not really leave from Jiangsu Akcome Science And Technology Co.Ltd(002610) . “Others are still in the company, but move with the change of business sector.”
The above-mentioned person said that Shi Qiang’s business area mainly focuses on the development and construction of power stations transformed and invested from Jiangsu Akcome Science And Technology Co.Ltd(002610) in 2011, which is also the business focus of the company in previous years, so Shi Qiang is the main person in charge; However, the power station business of Jiangsu Akcome Science And Technology Co.Ltd(002610) has been basically sold, and Shi Qiang’s function is relatively weakened, so the post of president has been changed.
At present, Yi meihuai has been nominated as Jiangsu Akcome Science And Technology Co.Ltd(002610) supervisor. In this regard, people from the company said that Yi always was born after 60 and is too old. This transfer is considered to gradually retreat to the second tier. In addition, Jiangsu Akcome Science And Technology Co.Ltd(002610) also welcomed full-time secretaries. The company appointed Shen Longqiang as senior vice president and Secretary of the board of directors. According to his resume, before entering Jiangsu Akcome Science And Technology Co.Ltd(002610) , Shen Longqiang also served as the Secretary of Shenwu energy conservation and Dare Power Dekor Home Co.Ltd(000910) . Prior to that, Zou Chenghui had been the Secretary of Jiangsu Akcome Science And Technology Co.Ltd(002610) for more than half a year.
On January 26, Jiangsu Akcome Science And Technology Co.Ltd(002610) also disclosed the 2022 stock option and restricted stock incentive plan. The incentive plan intends to grant a total of 18642600 shares of equity to the incentive objects, and the subject stock involved is A-share common stock, accounting for about 0.416% of the company’s total share capital of 4.48 billion shares. Among them, 14914100 equity shares were granted for the first time and 3728500 reserved equity shares.
The total number of incentive objects granted for the first time is 120, the exercise price of stock options is 4.33 yuan / share, and the grant price of restricted shares is 2.16 yuan / share. Among the specific incentive objects, Yuan Yuan, Zhang Jinjian and Shen Longqiang, the three senior vice presidents appointed after 2020, have the most, and the number of stock options granted to each person is 577500 shares.
