Transfer: China Business Network

World Bank

Over the past two years, owing to the high cost of the increase in the price of photovoltaic silicon and silicon silicon in upstream raw materials, the combination of large and cell rivals have been added to the bar code, and specialized battery plants have a “head-loading” share (600732.SH) once.

In 2021, Xu’s share performance was “diversive”, at a loss of 126 million yuan. This was followed by an increase in market demand and a twofold increase in favour of a reserve share, culminating in a deficit of surpluses in 2022.

Throughout the painful period, the Ecumen’s Xu Share Adjustment Strategy has extended cooperation not only to the upstream multi-cluster silicon and silicon chain, but also to the operational area gradually expanded to provide constituents and overall solutions for clients. When it coincides with the technical duplicative period, the loving Xu share is based on the acronym ABC (i.e. all Back Contact), the new type of batteries and components of the entire new generation of back-to-back solar crystallized silicon cells developed autonomously by the Yukon, which is being constructed for a different whole industry.

The Chinese Empirical Reporters noted that, in April 2022, the Ecumen’s Xu share left four battery, component-based investment schemes, with a combined total investment of 48.5 GW and 70GW, respectively, of the battery sites to be constructed in Hunanu, Hirojhai and Shanxis. All four investment bills were adopted at the 2022 Annual Shareholders Assembly on 4 May.

On 5 May, Yuk Xu’s shareholder disclosed to journalists that they were consistent with the future strategy and business plan referred to in the annual report and that the investment had a certain tempo. Sources of funding do not have too much fear and, of course, risks exist, but benefits and risks are shared.

The same person also stated that the loving Xu share was actively expanding to downstream, offering a business transition to the photovoltaic energy solution as a whole.

Performance deficit

The Eichi Xu’s share was established in November 2009 and was initially developed primarily for research, production and marketing of solar cells. In September 1950, it officially landed on the capital market in Unit A through the loan of the new shellhouse.

InfoLink Consulting, the Photovoltaic Analysis Body, shows that between 2019 and 2022, the photovoltaic battery (foreign sales, not taking into account the outflows of self-contained components from integrated integration plants) remained the second largest after the fluent shares.

Over the past two years, due to multiple factors, such as the impact of the epidemic on logistics and the rising cost of raw materials, the performance of the escrowsed reserve shares has been at the top of a deficit on the market.

In the first half of 2021, a deficit of yuan renminbi was incurred in favour of Xu. Throughout the year 2021, the deficit reached 126 million yuan renminbi, a decline of 115.59 per cent.

For the reasons of the decline in performance, the Ecumen’s Xu share indicated that multiple factors such as the outbreak, restricted electricity, supply of silicon, coupled with rapid increases in the prices of silicon, silicon, downstream components were affected by global logistics, were unable to carry out price pressures smoothly, battery chains were under pressure, saturated supply and cost-adjustment pressures.

In 2022, the global photovoltaic market was accompanied by a dual supply and demand for a high-size-fits-all battery, a combination of enterprise management of supply chains, effective control of costs and a reversal of corporate performance.

The financial statements show that, in 2022, the equity interest earned $3.575 billion in business income, an increase of 126.72 per cent over the same period; the net profit attributable to shareholders of listed companies was $2,328 million, resulting in a loss of profits.

In the first quarter of 2023, the net profits of the loving Xu share continued to increase significantly as the price of raw materials was reduced and production was improved. During the reporting period, the net profits attributed to the shareholders of listed companies amounted to $702 million, an increase of $208.78 per cent; however, their operating income was $7745 million, a decline of 104 per cent.

The Ecumen indicated to the press that the current entire photovoltaic chain, from upstream silicon to downstream, showed a fluctuating trend in prices, which was beneficial in releasing downstream demand.

Industrial strategy layout

After more than two years of radical changes in markets, professional firms have finally been left untenable in favour of a reserve share and have begun to work for a comprehensive industrial strategy.

In 2022, on the basis of battery operations, the Ecumen’s share extended its cooperation to the upstream industrial chain through participation in polyclinic silicon and silicon business to ensure continuity and competitiveness in the company’s upstream supply chain.

Among them, in March 2022, the Yuk Xu share was proposed to replenish the high-profile solar energy by $250 million, holding 2.12 per cent of its equity. In December 2022, Yuk Xu’s share was intended to participate in a currency-funded replenishment of the Blue Sea, with a planned contribution of $385 million for a share of 2.8 per cent of the price in the Blue Sea.

In addition, the ABC battery, component innovation technology, is at the core of the ABC battery, which gradually expands the area of operations to provide components and overall solutions for clients.

In June 2022, the Yuk Xu share officially launched the “black hole” series, based on ABC battery, as well as the integrated digital energy solutions for “source grids”, and promoted the global energy solution through the Yukon Digital Energy Corporation.

Whether on its own initiative or on its part, the preference for a Xu share is undoubtedly a choice that is responsive to the trend of integration, leaving out the role of a simple battery producer. InfoLink Consulting noted that the core knowledge required across all walks of photovoltaic is significantly different and that the initial investment costs, the business trouble spots of the chain lead to the difficulty of upstream and downstream entry. In this case, the building of marketing channels and the operation of brands are tested when production is relatively simple with capital inputs.

Under the direction of the whole-industry strategy, in the course of 2023, the Ecumenical Xu’s share has been connected to the opening of an expansion model for batteries, components and components.

On 10 April, the Yuk Xu Proclamation announced an investment of $246.61 million in construction programmes such as the Yuangu 15GW Photovoltaic project, the Yuu 30 GW Photovoltaic component project, a 3.5 GW Photovoltaic expansion project in the Hear Sea and a 10GW package.

On 21 April, Yu Xu also announced the signing of a Strategic Cooperation Agreement with the Government of the People of the City of Znan on the project for the construction of a 30G solar-energy cell component.