Skyworth PV Tech obtains TUV Nord certification, while Suzhou Good-Ark & Yangling Metron New Materials releases its 2021 performance forecast, Changzhou Baijiashi invests in encapsulation film production base, and Jinsha River upstream project begins construction.
Skyworth PV Tech obtains TUV Nord certification: Multimedia business company Skyworth announced that TÜV Nord has issued an EPC Certification and O&M Certification to Shenzhen Skyworth PV Tech for household solar PV systems. The company had to undergo a series of tests, inspections and standard reviews to obtain this certification.
Suzhou Good-Ark releases performance forecast: Releasing its performance forecast, semiconductor manufacturer Suzhou Good-Ark, said that it expects the net profit attributable to shareholders of listed companies in 2021 to be about RMB 192 million ($30.16 million) to RMB 239 million ($37.55 million), a year-on-year increase of 112.83% to 164.28%. The main reason for this growth, the company says, is because of the overall prosperity of the semiconductor industry in 2021, and the acceleration of domestic substitution of power semiconductors. To add to this, a wholly-owned subsidiary of the company, Suzhou Jingyin New Material Technology Co., Ltd., has made a breakthrough in the performance of single crystal PERC silver paste, and its sales have increased significantly year-on-year. Also, the sales of photovoltaic back silver and HIT low-temperature paste have increased rapidly compared to last year, contributing to the company's performance. Last year, Suzhou Good-Ark had increased the capital of its subsidiary (see China PV News Snippets: Trina, Grace Solar, Sungrow, JYT)
Yangling Metron expects RMB 684 to RMB 836 mn profit in 2021: Electroplated diamond wire producer Yangling Metron New Materials disclosed its 2021 annual performance forecast. The company expects to achieve a net profit of RMB 684 million to RMB 836 million ($107.45 mn to $131.33 mn) attributable to shareholders of listed companies in 2021. This is a year-on-year increase of 52.11% to 85.91%. During the reporting period, while steadily expanding production capacity, the company also achieved a substantial increase in product sales, it said. In addition, the competition of new products was low, and the pressure on price reduction was relatively small, which significantly improved the company's overall operating efficiency, Metron added.
Changzhou Baijiashi to invest RMB 800 mn: New special functional polymer materials producer and seller Changzhou Baijiashi Film Technology plans to invest in the construction of a 20 GW encapsulation film production base project in Laian, Chuzhou, according to Photovoltaic Network News. Spread across an area of 100 mu, the project will have an investment of RMB 800 million ($125.68 million).
Jinsha River upstream project begins construction: The construction of the first batch of photovoltaic projects in Jinsha River's upstream clean energy base has been officially launched, an announcement said. The batches include the first phase of Mangkangangduo and the first phase of Gongjuelatuo projects. Both of them together have a total installed capacity of 3.3 GW and a total investment of about RMB 16 billion ($9.43 billion). The main construction would include hydropower and supporting wind and photovoltaic power in the upper reaches of the Jinsha River, with a total installed capacity of over 30 GW and a total investment of nearly RMB 300 billion ($47.13 billion).
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