China PV News Snippets

Huasun Energy produces first batch of 182 HJT cells; Hubei announces third batch of new energy power generation projects; Metron New Materials net profit at RMB 1.4 billion in 2022;  Gold Stone Energy partners for HJT production line; Boamax Technologies net profit grows by 146% in 2022.

Huasun Xuancheng produces first batch of 182 HJT cells in 3^rd phase: In a WeChat communication, Chinese solar panel manufacturer Huasun Energy said that its 2.4 GW bifacial microcrystalline heterojunction cell facility, currently in the third phase, has completed the production of the first batch of 182 bifacial microcrystalline heterojunction cells. The highest conversion efficiency of this cell is pegged at 25%. Meanwhile, its Dali Huasun's 2.5 GW HJT facility had produced its first module few days back (see China PV News Snippets)

Hubei announces third batch of new energy power generation projects: In an announcement, Hubei Provincial Energy Bureau released the list of the third batch of new energy power generation projects. There are six new energy power generation projects. Among them, photovoltaic projects run to 382 MW. The new projects also include three wind power projects and one agro-soalr project. About 6 MW/780 MWh are equipped with energy storage. As per sources, the largest scale of State Power Investment is 4 MW, followed by China Resources 3 MW and National Energy Group 1 MW.

Metron New Materials net profit at RMB 1.4 billion in 2022: Electroplated diamond wires company Metron New Materials released its 2022 annual performance report. Here are the details:

• The total operating income was RMB 3.6 billion ($0.52 billion), a year-on-year increase of 97.99%
• The net profit was RMB 1.4 billion ($0.2 billion), a year-on-year increase of 93%
• As of the end of 2022, its total assets of Metron New Materials stood at RMB 6.7 billion ($0.97 billion)
• Metron New Materials had sold 96.156 million km of diamond wire in 2022, a year-on-year increase of 111.76%

Diamond wire being an essential consumable for cutting photovoltaic silicon wafers have been in demand, owing to the substantial increase in the newly installed capacity of photovoltaics, and Metron Materials seems to have taken advantage of this demand.

Gold Stone Energy partners with 35 Interconnect for HJT production line: China based cloud computing for enterprise information services company 35 Interconnect announced that its subsidiary, Liansheng PV, will be purchasing two high-efficiency heterojunction solar cell production lines from high-efficiency solar cell production solution provider, Gold Stone Energy. The capacity of each production line will be 1 GW each, totalling to 2 GW.

Boamax Technologies net profit grows by 146.15% in 2022: Releasing its 2022 annual report, CNC sheet metal technology company Suzhou Boamax Technologies Group said that:

• Its operating income was at RMB 684 million ($99 million), a year-on-year increase of 7.81%
• Its net profit attributable to the parent company was at RMB 30.3 million ($4.3 million), a year-on-year increase of 146.15%

During the reporting period, Boamax Technologies had undertaken new energy manufacturing initiatives that has contributed to this growth.