China PV News Snippets: Shuifa, CSG, Huadian, Linyang

China Shuifa posts RMB 2.33 bn revenue: Releasing its results for the first-half of 2021, China Shuifa Singyes Energy Holdings Limited said that it has achieved a revenue of RMB 2.33 billion ($0.36 billion), a year-on-year increase of 12.6%. The gross profit was RMB 326 million ($50.45 billion), a year-on-year increase of 19.29%. However, the revenue from its Solar EPC business dropped from RMB 480.9 million to RMB 59.4 million ($74.43 million). The report also mentioned that as a Group, it did not undertake noteworthy new Solar EPC projects in the first half of 2021 due to high silicon prices and supply chain logistic issues.

Shaanxi Investment, Zhongli & Sungrow sign for PV rooftop project: State-owned capital investment and operation company in Shaanxi, Shaanxi Investment Group; module company Talesun owner Zhongli Group; and solar PV inverter supplier Sungrow have signed a contract for a distributed rooftop photovoltaic project in Chenggu County, Shaanxi. The project has an investment of RMB 800 million ($123.81 million) and a total installed capacity of 200 MW, a Photovoltaic Network News reported.

CSG solar glass revenues up in H1/2021: CSG Holding recently released its semi-annual report for 2021, where it achieved an operating income of RMB 6.61 billion ($1.02 billion), a year-on-year increase of 49.51%. The report showed that CSG has a complete industrial chain for the operation of high-purity polysilicon, silicon wafers, cells, modules and photovoltaic power plants. The company’s current high-purity polysilicon production capacity is 9,000 tons/year (under technological transformation), silicon wafer product production capacity is 2.2 GW/year, solar cell production capacity is 1 GW/year, module production capacity is 0.4 GW/year, and the installed capacity of photovoltaic power plants is 132 MW. In the photovoltaic glass business, the company’s photovoltaic glass operating income increased by 30% in the first half of the year; and net profit increased by 80% year-on-year.

Huadian & Yanping join hands for RMB 1.3 bn PV project: Yanping District and the Fujian Branch of China Huadian Group (one of the five national power producers) have signed an agreement to work together on industrial projects such as photovoltaic power generation, hydropower generation and pumped storage power stations. The county-wide distributed PV power generation project involves a total investment of RMB 1.3 billion ($0.20 billion).

Linyang Energy’s revenue at RMB 2.7 bn: Electricity meter company Linyang Energy released its financial report for the first half of 2021, positing a revenue of RMB 2.7 billion ($0.42 billion). The PV business generated RMB 1.6 billion ($0.25 billion) in revenues, an increase of 0.64% over the same period last year.