Reesun starts construction on TOPCon cell & BIPV facility; LONGi, JA Solar, GCL Integration & Chint Electrics report 9M 2023 financial results; Grand Sunergy starts construction on Ruoquiang Phase I; Huasun rolls out 182R cells from Hefei base.
Reesun Solar starts construction on 10 GW TOPCon cell & BIPV facility: Reesun Solar has announced that it has started construction on its 10 GW TOPCon cell and BIPV new building materials facility. The company plans to invest a total of RMB 4.5 billion ($615 million) in the 500-acre facility. The project has newly launched 20 TOPCon cell production lines with an annual output of 10 GW-N type cell. The M10 cell products produced by the project have high passivation technology, high module power and high power generation per watt. They are the most advanced mainstream products in the industry. After the project is fully completed and reaches production capacity, it is expected to achieve annual operating income of RMB 12 billion.
LONGi Solar reports 9M 2023 financial results: Module manufacturer LONGi Solar reported that its 9M 2023 operating income increased 8.5% YoY to RMB 94.1 billion ($12.8 billion). The company’s net profit rose 6.4% YoY to RMB 11.6 billion ($1.58 billion) during the period. For the 3rd quarter of 2023, the company reported that its operating income declined 18.9% YoY to RMB 29.4 billion ($4.02 billion), while its net profit attributable to shareholders declined 44.05% YoY to RMB 2.51 billion ($343 million).
JA Solar 9M 2023 revenues up 22% YoY: Vertically integrated solar module manufacturer JA Solar has reported that its revenues rose 22% YoY to RMB 59.98 billion ($8.2 billion) for the 1st 3 quarters of 2023. The company’s net profit rose 106% YoY to RMB 6.8 billion ($929 million) (see JA Solar Reports Strong Financial Growth In 9M/2023).
GCL Integration 9M 2023 net profit rises 240% YoY: PV cell and module manufacturer GCL Integration has reported that its 9M 2023 operating income increased 97.43% YoY to RMB 9.412 billion ($1.29 billion). The company’s net profit rose 240.78% YoY to RMB 142 million during the 1st 3 quarters of 2023. For the 3rd quarter, the company reported an operating income of RMB 3.806 billion, which was up 93.40% YoY from the same quarter last year, while its net profit was up 122.30% YoY to RMB 30.93 million. The company attributed this improvement in performance to order wins, among other things.
Grand Sunergy starts construction on Dual Carbon Silicon-based Industrial Park Phase I: Grand Sunergy has announced the groundbreaking on the 1st phase of its Dual-Carbon Silicon-based Industrial Park in Ruoqiang County Modern Industry and Trade Logistics Park. The company will invest a total of RMB 30 billion ($4.1 billion) in the 2,720-acre facility, with RMB 12.2 billion ($1.67 billion) allocated for the 1st phase. The facility is expected to produce 50,000 tons of polysilicon, 10 GW of high-efficiency n-type wafers, 5 GW of ultra-thin n-type large-size silicon wafers, 2 GW of high-efficiency heterojunction (HJT) cells, and 2 GW large-size HJT modules. Scheduled to become operational in June 2025, the facility is expected to create 1,200 jobs while generating RMB 7 billion ($956.6 million) in annual revenues for the company.
Huasun rolls out 1st batch of 182R HJT cells: Recently, module manufacturer Huasun announced that the 1st cell production line at its 5 GW high-efficiency HJT cell & module production facility Hefei base is complete with the rollout of the 1st batch of 182R cells. Huasun said that adding the 182R products to its Himalaya series product family will bring more diversified application options to global customers. Recently, Huasun announced that it has started operations at its Phase I of the high-efficiency HJT cell fab at its Dali base (see China Solar PV News Snippets).
Chint Electrics reports positive 9M 2023 results: Solar inverter manufacturer Zhejiang Chint Electrics has reported that its operating income increased about 22% YoY to RMB 42.62 billion ($5.82 billion) for the 1st 3 quarters of 2023. The company’s net profit increased 8.5% YoY to RMB 3.99 billion ($545.3 million) during the period. However, the company’s net profit attributable to shareholders decreased 6.3% YoY to RMB 2.99 billion ($408.6 million). This set of results follows an 18% YoY increase in Chint Electrics’ revenues for H1 2023 (see China Solar PV News Snippets).
