JA Solar reported a internet lack of CNY 874 million ($123.3 million) within the first half of 2024, whereas Tongwei posted a lack of CNY 3.13 billion. TCL Zhonghuan and GCL Technology additionally recorded losses of CNY 3.06 billion and CNY 1.48 billion, respectively.
JA Solar reported an 8.54% year-on-year decline in income to CNY 37.36 billion for the primary half of 2024, with a internet lack of CNY 874 million. It has shipped 38 GW of PV modules, together with 1 GW for inside use. The firm stated it expects to achieve manufacturing capacities of 80 GW for monocrystalline silicon wafers and cells, and 100 GW for modules by the tip of the yr, with an n-type cell capability of 57 GW. It is famous that it invested CNY 1.96 billion in R&D through the January-June interval, and at present has 1,827 efficient patents.
Tongwei stated income fell 40.87% year-on-year to CNY 43.80 billion within the first half of 2024, to a internet lack of CNY 3.13 billion. Its photo voltaic enterprise generated CNY 29.22 billion in income, or 66.71% of the overall, with a gross margin of 6.03%. Sales of polysilicon elevated by 28.82% to 228,900 tons, and PV module shipments elevated to 18.67 GW. The firm stated it put in 320 MW of latest photo voltaic tasks through the interval, bringing the overall put in capability to 4.39 GW. At the tip of June, Tongwei’s annual polysilicon capability exceeded 650,000 tons, with a photo voltaic cell capability of 95 GW and a module capability of 75 GW. It stated its 200,000-ton silicon challenge in Baotou, Inner Mongolia, will begin manufacturing by the tip of this yr, bringing its complete polysilicon capability to 850,000 tons.
GCL Technology stated income fell 57.7% year-on-year to CNY 8.86 billion within the six months to June 30. The firm additionally reported a internet lack of CNY 1.48 billion, reversing final yr’s income of CNY 5.52 billion . It stated it plans to proceed growing modern granular silicon and perovskite expertise, along with bettering upstream manufacturing integration.
TCL Zhonghuan stated it recorded a internet lack of CNY 3.06 billion within the first half of 2024, with income falling 53.54% year-on-year to CNY 16.21 billion. Selling bills rose 18.25% to CNY 217 million, whereas administrative bills rose 20.55% to CNY 600 million, the corporate stated. It was famous that R&D bills elevated to CNY 531 million, down 70.72% from final yr.
China Resources Power introduced the third batch of PV module tenders for 2024, with plans to amass 1 GW of PV modules in two elements. The first tranche requires 700 MW of n-type bifacial double-glass modules, with an influence output of 610 Wp. The second half contains 300 MW of n-type bifacial double-glass modules with 580 Wp output. Bidding is scheduled to start on Sept. 24, 2024.
Gansu Power Investment Group stated that development has formally begun on the primary section of its 6 GW Tengger Desert renewable vitality challenge. The CNY 30 billion set up will generate 12 TWh of electrical energy yearly, with 3 GW of wind capability, 3 GW of photo voltaic, and 900 MW/3,600 MWh of vitality storage. The first section features a 3 GW photo voltaic challenge in Jiuduntan, Liangzhou, Gansu province.
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