China PV News Snippets

The launch ceremony of Yijun Yaoneng's production line's first phase takes place; Cybrid achieves an operating income of RMB 443 million; TBEA subsidiary to invest in Wuwei PV project; Kibing's operating income rises by 4.81.

Yijun Yaoneng New Material phase 1 project put into operation: Glass manufacturing company Yijun Yaoneng New Material said that the ignition ceremony of the aluminosilicate panel production line project (first line) took place at the Photovoltaic New Materials Industrial Park. This project mainly produces aluminosilicate substrates for photovoltaics, with an annual output of photovoltaic glass up to 114 million cubic meters. The project had begun construction in January 2021.

Cybrid Technologies releases operating data for Q1/2022: Releasing the operating data for the first quarter of 2022, developer, producer and seller of functional polymer materials Cybrid Technologies said that its solar encapsulation film business has achieved an operating income of RMB 443 million ($69.58 million), a year-on-year increase of 128.66%. Its solar back sheet business has registered an operating income of RMB 525 million, a year-on-year increase of 82.1%. The average sales price of solar encapsulation film products has risen from RMB 11.24/square meter ($1.7/sqm) in 2021 to RMB 11.97/square meter ($1.8/sqm), a year-on-year increase of 6.49%. Meanwhile, the average sales price of solar backsheet products has increased from RMB 9.88/square meter ($1.5/sqm) to RMB 12.20/square meter ($1.92/sqm), a year-on-year increase of 23.48%, the company added.

TBEA subsidiary to invest RMB 618 million for Wuwei PV project: Solar PV inverter company from China TBEA announced that its holding company, TBEA Xinjiang New Energy Co., Ltd., will invest in the construction of a 150 MW photovoltaic project in Wuwei, with a total investment of RMB 618 million ($97.06 million). Once the project is completed and put into production, it can save 86,800 tons of standard coal every year. Last month, TBEA had announced positive growth in Q1/2022 (see China PV News Snippets)

Kibing Group releases Q1/2022 report: Releasing the report for the first quarter of 2022, solar glass manufacturer Kibing Group said that it has achieved an operating income of RMB 3.06 billion ($0.48 billion), a year-on-year increase of 4.81%. Due to the impact of rising raw material and fuel costs, the company's operating costs during the reporting period increased by 42.3% year-on-year. Affected by this, the comprehensive gross profit margin dropped from 50.24% in the 2021 annual report to 34.41%.