China PV News Snippets: CSG, GCL, TBEA, LONGi, Shuangliang

CSG Releases 2020 Report; TBEA To Invest RMB 1.3 Bn In Technology Transformation; GCL 2020 Report Shows Decline In Income; LONGi’s Silicon Wafer Prices Increase; Shuangliang Eco-Energy Wins Large Order From Xinte Energy

China PV News Snippets: CSG, GCL, TBEA, LONGi, Shuangliang

Of the RMB 1.3 billion that TBEA is investing in polysilicon technology transformation, about RMB 470 million will be directed towards its subsidiary Xinte's 30,000-ton polysilicon production line, while RMB 795 million will be towards technological transformation of a 36,000-ton polysilicon production line. Seen in the picture is TBEA’s Northeast Industrial Park in Liaoning. (Photo Credit: TBEA)

  • CSG Group operating income in 2020 will be approximately RMB 10.671 billion ($1.64 billion), a year-on-year increase of 1.9%
  • TBEA says it intends to invest RMB 1.3 billion for its subsidiary Xinte’s polysilicon technology transformation
  • GCL System integration Technology Co. Ltd., total operating income from January to December 2020 reached RMB 5.9 million, a decrease of 31.40% over the same period of the previous year
  • LONGi announces an increase in prices of silicon wafers
  • Shuangliang Eco-Energy’s holding subsidiary, Jiangsu Shuangliang New Energy Equipment Co., Ltd., receives a notice of transaction for a polysilicon production project of Xinte Energy

CSG releases 2020 annual report: Solar PV manufacturer CSG Group released its annual performance report stating that the company’s operating income in 2020 will be approximately RMB 10.671 billion ($1.64 billion), a year-on-year increase of 1.9%. As for its solar business, the company currently has a high-purity polysilicon production capacity of 9,000 tons/year, silicon wafer production capacity of 2.2 GW/year, cell production capacity of 1 GW/year, module production capacity of 0.4 GW/year, and 130 MW of PV power plants. During the epidemic, solar and other industries have been affected by the stagnant production and shrinking polycrystalline market share, and the operating income fell year-on-year to RMB 989 million ($151.66 million), a year-on-year decrease of 35.89%, according to CSG. In the glass industry, the company’s float glass, PV glass, and engineering glass achieved a combined operating income of RMB 8.71 billion ($1.34 billion), a year-on-year increase of 9%. In H1/2020, CSG Group’s net profit had gone up (see China PV News Snippets: Asia Silicon, Taiyi, CSG)

TBEA to invest RMB 1.3 bn in polysilicon technology transformation: TBEA issued a foreign investment announcement stating that the company intends to invest RMB 1.3 billion ($0.20 billion) for its silicon subsidiary Xinte Energy and Xinjiang Xinte Crystalline Silicon High-tech Co., Ltd. polysilicon technology transformation. If Xinte Energy implements this polysilicon transformation project, it can increase the company’s existing polysilicon output to 100,000 tons/year, which is conducive to further reducing the production cost of polysilicon products and improving product quality.

GCL 2020 report shows decline in operating income: Announcing its 2020 annual results, Chinese solar company GCL System integration Technology Co. Ltd. (GCL-SI) said that its total operating income from January to December 2020 was RMB 5.9 million, a decrease of 31.40% over the same period of the previous year. This decline in performance can be attributed to the pandemic which affected the company’s EPC business, and also the rapid increase in module prices in the second half of the year, which squeezed the profitability of the EPC business and affected its profit contribution, it said. Last year, GCL had announced it will be building a 10 GW solar cell production project under an investment agreement it signed with the administration of Leshan city in Sichuan province, China (see GCL To Invest In 10 GW Solar Cell Production)

LONGi’s monocrystalline silicon wafer prices increase: Chinese vertically integrated solar PV company LONGi announced an increase in the prices of silicon wafers. The latest quotation of P-type M10 monocrystalline silicon wafer is now priced at RMB 4.86/piece ($0.75/piece), an increase of RMB 0.3/piece ($0.046/piece). While, P-type M6 monocrystalline silicon wafer, with an increase of RMB 0.25/piece ($0.038/piece), is at RMB 4/piece ($0.61/piece); the P-type monocrystalline silicon wafer (158.75/223mm) is at RMB 3.9/piece ($0.60/piece), with an increase of RMB 0.25/piece ($0.038/piece). In February too, LONGi had had increased its monocrystalline silicon wafer prices (see China PV News Snippets: Zhonghuan, Risen, Zhongli, LONGi)

Shuangliang Eco-Energy wins large order from Xinte Energy: Shuangliang Eco-Energy announced that its holding subsidiary, Jiangsu Shuangliang New Energy Equipment Co., Ltd., has received a notice of transaction for the polysilicon production project of Xinte Energy. The purchase scope includes a total of 110 sets of multi-rod polysilicon reduction furnace equipment with a capacity of 20,000 tons of Xinte Energy and 100,000 tons of Inner Mongolia Xinte Silicon Materials Co., Ltd. The project is expected to have a total transaction value of RMB 332 million ($50.91 million), accounting for 16.02% of the company’s audited operating income in 2020. Recently, Shuangliang Eco-Energy had announced its plans to venture into solar wafer and ingot production through a new company called Shuangliang Silicon Materials (Baotou) Co., Ltd. (see Shuangliang Eco-Energy: 40 GW Mono Wafer Capacity)

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