On the evening of October 18th, Jingke Energy (688223), one of the leading photovoltaic companies, disclosed its performance forecast for the first three quarters. It is expected that the net profit attributable to the parent company in the first three quarters will be 6.14 billion yuan to 6.54 billion yuan, a year-on-year increase of 266.36% to 290.22%.
For the significant increase in performance, Jingke Energy stated that the main reason is the continued strong demand for advanced products in the global photovoltaic market. With its advantages in N-type TOPCon technology, global operations, and integrated production capacity, the company has achieved an increase in the shipment volume of photovoltaic modules and the proportion of N-type shipments, while striving to overcome the short-term challenges brought by industry chain price fluctuations and international trade environment, Gradually establishing differentiated market competitive advantages has led to a significant increase in revenue and profits compared to the same period last year.
At present, the net profit scale of Jingke Energy in the first three quarters has significantly exceeded the full year net profit of 2022, and it is highly likely to achieve the goal of doubling performance growth in 2023. Based on the forecast upper limit of 6.54 billion yuan, the net profit scale in the first three quarters of this year exceeded the total net profit of the four years from 2019 to 2022 (6.5 billion yuan).
Signed 3.8GWN type component agreement with Saudi companies
Jingke Energy is a globally renowned photovoltaic product manufacturer with photovoltaic industry technology as its core. In order to deepen the "the Belt and Road" clean energy cooperation, during the Third "the Belt and Road" International Cooperation Summit Forum, Jinko Energy and ACWAPower (Saudi International Power and Water Corporation) signed a 3.8GWPIF3 project component agreement.
Jingke Energy stated that the Saudi Arabian region has unique solar energy resources and huge renewable energy potential. With policy support, this cooperation has strengthened cooperation between China and Saudi Arabia in the photovoltaic field.
It is worth mentioning that the product provided by Jingke Energy this time is an efficient N-type TOPConTigerNeo component, which has high power, high efficiency, high reliability, low attenuation, low temperature coefficient, high double-sided rate, excellent weak light and power generation performance, and will bring at least 3% power generation gain to customers. Especially in the climate conditions of the Middle Eastern desert region, the excellent temperature coefficient and double-sided efficiency of the N-type TigerNeo module will increase power generation and project investment return.
TOPCon maintains a leading advantage in its business
Since the beginning of this year, the market performance of photovoltaic concept stocks has been relatively flat, with the Wind Photovoltaic Index falling by 23.9%. However, the attention of institutions to the photovoltaic industry has not decreased, and multiple photovoltaic companies have received research from over a hundred institutions during the year. During the year, Jingke Energy conducted 199 institutional research firms, ranking high.
In recent institutional research activities, the company stated that as a leader in the industry's N-type TOPCon route, it believes that TOPCon, as a mainstream technology route, has three advantages: "high conversion efficiency upper limit, low-cost industrialization, and better equipment matching". Therefore, it will remain the mainstream route for the next three to five years.
Against the backdrop of expanding the production of TOPCon at the head component factory, the company will still maintain a leading advantage. In 2022, the company took the lead in achieving large-scale production of TOPCon and became the first enterprise in the industry to achieve a single quarter shipment scale of 10GW in the first half of 2023. From the current market bidding process and volume, TOPCon's market share has increased rapidly, but production capacity and effective production capacity still require a lot of technology accumulation and climbing cycles. Thanks to the successful construction experience in the early stage, the company's production capacity has climbed rapidly, advanced production capacity accounts for a relatively high proportion, and the integration of various links is highly coordinated. The leading advantage of about half a year will be maintained or even further expanded.