Polysilicon prices rise due to Corona in China causing hindrances in production; Shuangliang Eco-Energy achieves operating income of RMB 1.7 billion; Zhonghuan & GCL partner for silicon projects; Autowell operating income rises by 70.25%
Polysilicon prices rise to RMB 259,000/ ton: The price of silicon material continued to rise as the silicon material enterprises in various places in China have been affected by the local epidemic, a Chinese industry association reported. This has caused varying degrees of hindrances to raw materials, production, logistics, and other aspects, a China Silicon Industry report said. This week, the single crystal price range has been between RMB 249,000 to 259,000/ ton ($38,636-40,187/ton), and the average transaction price has risen to RMB 253,300/ ton ($39,303/ton), a week-on-week increase of 0.72%, the report added.
Shuangliang Eco-Energy registers growth in Q1/2022: Releasing its first quarter report of 2022, Chinese production equipment and wafer maker Shuangliang Eco-Energy said that it has achieved an operating income of RMB 1.7 billion ($0.26 billion), a year-on-year increase of 299.5%. The company believes the growth is mainly due to the promotion of the dual carbon policy, the commissioning of new projects, and the increase in sales, especially in polysilicon reduction furnaces and monocrystalline silicon ingots/wafers. Recently, Shuangliang Eco-Energy said that it intends to sign a 20 GW high-efficiency photovoltaic module project cooperation agreement with the Baotou Rare Earth High-tech Industrial Development Zone Committee (see China PV News Snippets)
Zhonghuan & GCL to build 100,000 ton granular silicon project: TCL Technology announced that the company and its holding subsidiary Zhonghuan Co., Ltd. have signed an agreement with GCL Group and GCL Technology. The parties intend to carry out strategies for the production of approximately 100,000 tons of granular silicon; and about 10,000 tons of electronic grade polysilicon project. The total investment is RMB 12 billion ($1.8 billion).
Autowell Technology Q1/2022 operating income at RMB 625 million: Chinese automation equipment manufacturer Autowell Technology released its first quarterly report for 2022, which showed that the company has achieved an operating income of RMB 625 million ($96.98 million), a year-on-year increase of 70.25%. The company, active in solar module production equipment, said that this growth is mainly due to its advantageous product technology, which is popular among customers, leading to an increase in purchases. This in turn enabled the company to achieve continued and stable sales revenue growth.