China PV News Snippets

Suzhou Maxwell Announces Q3 2022 Results & More From Zhonghuan, Trina, Xingsheng, Huaneng Clean Energy

China PV News Snippets

In the third quarter of 2022, Suzhou Maxwell Technologies achieves net profit of RMB 291 million, a year-on-year increase of 42.5%. (Photo Credit: Suzhou Maxwell Technologies)

Maxwell 9M/2022 net profit up 51%; Zhonghuan releases silicon wafer prices; Trina Solar Vertex S Aesthetic Module available globally; Jiangsu Guoqiang manufacturing facility ground breaking; Huaneng Clean Energy establishes perovskite working group.

Suzhou Maxwell announces Q3/2022 results: Announcing its third quarterly report, Chinese solar production equipment supplier Suzhou Maxwell Technologies Co, Ltd said that in the first three quarters of 2022, the company has achieved an operating income of RMB 3.016 billion ($0.41 billion), a year-on-year increase of 38.01%. The net profit during this period saw a year-on-year rise of 50.62% and stood at RMB 687 million ($94.4 million). In the third quarter specifically, the revenue was at RMB 1.2 billion ($0.16 billion), a year-on-year increase of 32.67%, and the net profit was at RMB 291 million ($39.9 million), a year-on-year increase of 42.5%. The growth, the company said, is mainly due to the increase in sales of solar cell screen printing production equipment. Maxwell is one of the presenters of TaiyangNews 3-day virtual conference on High Efficiency Solar Technologies—TOPCon, HJT and Beyond, Today & Tomorrow. This is our annual flagship event held between Nov. 23- 25, 2022, and Maxwell will speak on day 2 on HJT Mass Production Equipment. Registrations for the event are open here.

Zhonghuan brings down silicon wafer prices: The parent company of leading wafer maker Zhonghuan, Zhonghuan Holdings Group, said via a WeChat communication that it has brought down the price of monocrystalline silicon wafers. When compared to its last release in September 2022 (see China PV News Snippets), the prices now stand as below:

For P-type 150μm monocrystalline silicon wafers, the average reduction was 3.23% and the prices for:

  • 218.2mm has been reduced from RMB 10.86/piece ($1.49) to RMB 10.51/piece ($1.44)
  • 210mm has been reduced from RMB 10.06/piece ($1.38) to RMB 9.73/piece ($1.34)
  • 182mm has been reduced from RMB 7.62/piece ($1.05) to RMB 7.38/piece ($1.01)
  • 166mm has been reduced from RMB 6.33/piece ($0.87) to RMB 6.13/piece ($0.84)

For n-type 150μm monocrystalline silicon wafers, the average reduction has been 3.76% and the prices for:

  • 210mm has been reduced from RMB 10.66/piece ($1.46) to RMB 10.32/piece ($1.42)
  • 182mm has been reduced from RMB 8.23/piece ($1.13) to RMB 7.90/piece ($1.09)
  • 166mm has been reduced from RMB 6.84/piece ($0.94) to RMB 6.56/piece ($0.9)

For n-type 130μm monocrystalline silicon wafers, the average reduction has been 3.88%, and the prices for:

  • 210mm has been reduced from RMB 10.24/piece ($1.41) to RMB 9.89/piece ($1.36)
  • 182mm has been reduced from RMB 7.97/piece ($1.1) to RMB 7.64/piece ($1.05)
  • 166mm has been reduced from RMB 6.62/piece ($0.91) to RMB 6.35/piece ($0.87)

Trina Solar Vertex S Aesthetic module available globally: Chinese solar module manufacturer Trina Solar announced that its Vertex S Aesthetic Module is now available in Europe, Australia, Japan and other markets. This module has won the prestigious Red Dot Award and seamlessly merges high technology with aesthetics, it said. The Vertex S Aesthetic Module is equipped with selected cells, which follow the principle that all cells should be black and each of them should be almost equally black. This offers high cell efficiency and an aesthetic look, said Trina. Trina had launched its n-type Vetrex S module in March this year (see Trina Solar Launches N-type Vertex S+ Module). On Nov. 23, it will speak about its massive expansion plans for n-type solar during the first day of our TaiyangNews High Efficiency Solar Technologies—TOPCon, HJT and Beyond, Today & Tomorrow. Free Registration here.

Groundbreaking of Guoqiang Xingsheng PV manufacturing facility: PV mounting system solutions provider Jiangsu Guoqiang Xingsheng (Singsun) Energy said in a WeChat communication that the groundbreaking ceremony of the Guoqiang Xingsheng PV manufacturing facility was held in Liyang Economic Development Zone. The facility will have PV equipment manufacturing automatic production lines, R&D centers and related supporting facilities. Currently, operating 32 GW production capacity in 3 locations in China, once the new facility is put into operation, the annual PF and solar thermal racking equipment capacity is expected to touch 40 GW.

Huaneng Clean Energy establishes perovskite working group: China Huaneng Group Co., Ltd said via WeChat that its clean energy technology research and development institution Huaneng Clean Energy Research Institute has been instrumental in establishing China’s first special working group on perovskite standards. Here is what the group plans to do:

  • Track dynamics of perovskite photovoltaic technology and standardization at home and abroad,
  • Carry out standard work planning and top-level design of perovskite photovoltaic cells,
  • Carry out exchanges and discussions on perovskite photovoltaic cell technology and standards,
  • Carry out research and formulation of key standards for performance testing and reliability evaluation of perovskite photovoltaic cells.

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