China PV News Snippets

Tongwei Announces Pre-Increase In Q1/2022 & More From Qingdao Gaoce, JinkoSolar, LONGi

China PV News Snippets

Tongwei expects a 478% to 514% year-on-year increase in Q1/2022 because of the photovoltaic installed capacity, which exceeded expectations during the reporting period, and the strong demand for polysilicon products. (Illustrative Photo; Photo Credit: Vaclav Volrab/ Shutterstock.com)

Tongwei announces profit alert; Qingdao Gaoce Technology signs RMB 141 million equipment contract with JinkoSolar; LONGi increases prices of silicon wafers.

Tongwei announces profit alert for Q1/2022: Solar silicon and cell manufacturer Tongwei released an announcement on the pre-increase in the first quarter of 2022. The Chinese company said that it expects to achieve a net profit of RMB 4.9 to RMB 5.2 billion ($0.77 to $0.82 billion) in the first quarter of 2022, an increase of RMB 4 to 4.3 billion ($0.63 to $0.68 billion), compared with the same period of the previous year. This is an increase of 478% to 514% year-on-year. This increase in performance can be attributed to photovoltaic installed capacity that exceeded expectations during the reporting period, and the strong demand for polysilicon products that increased ASPs

Qingdao Gaoce & JinkoSolar ink PV cutting equipment deal: Wire cutting machine producer Qingdao Gaoce Technology announced that the company has signed photovoltaic equipment sales contracts with JinkoSolar (Yushan) and JinkoSolar (Poyang) to the tune of  RMB 141 million (tax included). Last month, Qingdao Gaoce announced it registered a 109.9% rise in 2021 operating profit (see China PV News Snippets)

LONGi increases silicon wafer prices again: LONGi once again raised the price of monocrystalline silicon wafers. In February too, the vertically integrated solar PV company had upped its silicon wafer prices (see China PV News Snippets). Now, the prices are as follows:

  • P type M6 165μm Mono Wafer(166/223mm) is now priced at RMB 5.5/piece ($0.86/piece), up by RMB 0.1/piece ($0.016/piece)
  • P type 158.75/223mm 165μm Mono Wafer is now at RMB 5.3/piece ($0.83/piece), up by RMB 0.1/piece ($0.016/piece)
  • P type M10 165μm Mono Wafer(182/247mm) remains unchanged at RMB 6.7/piece ($1.05/piece)

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