China PV News Snippets: Zhonghuan, Sineng, JYT

Zhonghuan Semiconductor releases 2020 annual report: Publishing its 2020 annual report, Chinese solar wafer manufacturer Zhonghuan Semiconductor (TZS) said that during the reporting period, it achieved an operating income of RMB 19.05 billion (RMB 2.93 billion), a year-on-year increase of 12.85%. The net profit attributable to shareholders of listed companies was RMB 1.089 billion ($0.17 billion), a year-on-year increase of 20.51%. The semiconductor photovoltaic new energy industry achieved an operating income of RMB 17.36 billion ($2.67 billion), a year-on-year increase of 12.4%, and the semiconductor materials industry achieved operating income of RMB 1.52 billion ($0.23 billion), a year-on-year increase of 22.7%.

Sineng Electric's 250kW string inverter the first to pass national certification: Sineng Electric's 250kW high-current string inverter has passed the national standard (GB/T 37408-2019 – Technical Requirements for Grid-connected Inverters for Photovoltaic Power Stations) testing and certification, becoming the first 20A in the industry to pass the national standard, according to the company. Through innovation and optimization of a series of links such as hardware and control algorithms, the Chinese inverter maker has been able to achieve a new upgrade of SP-250K-H string inverter, it said.

JYT achieves net profit of RMB 422 million: JYT Corporation released a financial performance report, which showed that the Chinese company achieved a total operating income of approximately RMB 4.056 billion ($0.62 billion) in 2020, a year-on-year increase of 97.15%. The total profit was RMB 499 million ($76.77 million), an increase of 98.56% year-on-year and the net profit attributable to shareholders of listed companies is approximately RMB 422 million ($64.92 million). The reason for the increase in performance is mainly due to the gradual release of the company's new material business capacity and a substantial increase in operating income. In January, the Chinese solar wafer and equipment maker, has secured 2 big contracts for monocrystalline silicon wafer supply worth RMB 8.95 billion, including tax (see JYT Secures Contracts For 1.9 Billion Silicon Wafers).