Solargiga, Zhonghuan Semiconductor, GCL Integration, JYT Corporation and Akcome Tech have released preliminary results.
Wafer maker Zhonghuan Semiconductor announced preliminary financial results for the first half of 2021. The company said it expects to achieve up to 18 billion yuan (2.79 billion US dollars) in revenue during this period, an increase of 108% year-on-year. Net profit is expected to reach 1.55 billion yuan, an increase of 188% from the first six months of 2020. Zhonghuan said that the good performance was due to its capacity expansion and strong market demand for 210mm size products. As of the end of June, the manufacturer’s annual production capacity was 70 GW.
Shanghai-listed panel manufacturer GCL Integration said it expects a net loss of 270 million yuan in the first half of 2021. The company explained that the loss came from several key factors, including the rise in polysilicon prices and the suspension of production by several large companies. The non-recurring losses of large-scale solar projects and related liabilities related to the sale of photovoltaic power plants are approximately RMB 100 million.
According to reports, the Shanghai-listed silicon wafer manufacturer JYT Corporation’s net profit in the first half of the year reached 470 million yuan, a year-on-year increase of 105%. The company currently has an annual production capacity of 8GW, and plans to reach 20GW by the end of the year.
Component manufacturer Solargiga reported yesterday that unaudited revenue in the first half of the year increased by 12%, from RMB 2.6 billion (US$402 million) from January to June last year to RMB 2.91 billion (US$450 million) this time. ), including shipments of solar ingots, wafers and modules increased by 18% to 3.38 GW.
Chinese solar manufacturer Akcome Technology announced that there may be a net loss of approximately RMB 70 million in the first six months of 2021. According to its preliminary statement, the negative result is due to rising costs of upstream components, including wafers and solar cells, and rising prices of supporting materials such as copper, aluminum, steel and glass.
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