22.4 C
Berlin

Zhonghuan Semiconductor saw revenue zooming 286% relying on 210 wafers


Large-size solar wafer initiator Zhonghuan Semiconductor issued performance forecast of 2021 on January 27, revealing an expected operating revenue of RMB 40-42 billion yuan in 2021, with a YoY increase of 109.90%-120.39%; The net profit attributable to the parent company was RMB 3.8-4.2 billion yuan, with a YoY increase of 248.95%-285.68%; The non net profit deducted was RMB 3.5-3.9 billion yuan, with a YoY increase of 267.38%-309.37%, with basic earnings of RMB 1.2412-1.3719 yuan/share.

For the sharp rise in performance in the year, the company attributed it to three aspects.

The production capacity of the company’s 210mm products has been accelerated and the industrial competitiveness has been continuously consolidated. Through a series of technological advances, the production efficiency of a single furnace was leading in the industry during the reporting period. The silicon wafer yield increased significantly.

The company’s semiconductor materials business also released effective production capacity by accelerating the commissioning of new production lines, improved product supply capacity, and significantly increased the scale of production and sales.

During the reporting period, the per capita labor productivity increased significantly, the product quality and consistency continued to improve, the consumption of raw materials and auxiliary materials was effectively improved, and the operation cost of the factory continued to decline.

As of the closing of the day, the company’s share price closed at RMB 42.60 yuan/share, down 1.8% from Wednesday, with a total market value of RMB 137.7 billion.


LEAVE A REPLY

Please enter your comment!
Please enter your name here

You Might Also Like

TCL Zhonghuan raises wafer prices with n-type surging ahead at 7.24%

TCL Zhonghuan, China-based wafer giant, has announced a significant increase in the prices of its wafers, with the highest growth rate reaching 7.24%. On August...

TCL to set up the largest solar manufacturing project in Guangdong

TCL Zhonghuan recently has signed a cooperation agreement with Guangzhou Municipal Government and Guangzhou Development Zone Management Committee, and invested CNY 10.6 billion to...

Silicon material price reduction stimulates terminal demand explosion: TCL Zhonghuan

As one of the leading manufacturers of solar silicon wafers, TCL Zhonghuan faced a sharp decline in upstream polysilicon prices in the fourth quarter...
Join Our Newsletter

Latest Event

Solar Focus | Unlock Vast Solar Power Potential in Indonesia

On June 29, Solarbe will invite experts from S&P Global, JA Solar and other leading players in the Latin American market to discuss the current status and future outlook of the region's solar market.

Latest article

DMEGC Solar Powers Module Production Entirely with 100% Green Energy

Recently, the globally recognized testing and certification body TÜV SÜD granted DMEGC Solar a certification confirming 100% renewable energy consumption and verified greenhouse gas...

Huawei, Sungrow, Solis, Growatt, and GoodWe secure top spots in global inverter shipments in 2022

Global solar photovoltaic (PV) inverter shipments reached a record high in 2022, surpassing 330 gigawatts (GWac), according to a recent analysis by Wood Mackenzie....

LONGi ventures into HPBC Pro cell technology with 12 GW facility

LONGi Green Energy has unveiled plans to invest in its first-ever HPBC pro solar cell facility in Tongchuan, China. This decision reflects LONGi's commitment...

JA Solar set to reach 57 GW n-type cell production capacity by 2023

JA Solar revealed in a recent investor briefing that the company’s n-type solar cell production capacity is expected to reach 57 GW by the...