Production expansion is accelerating! Shipment target lowered! The photovoltaic giant is under a little pressure.

On November 2, the launch ceremony of 5G W component project of Jingao Science and Technology Baotou Base was held in Baotou, Inner Mongolia.

the production capacity of 30GW crystal pulling, 20GW slicing, 5GW components and related auxiliary materials, and the annual sales revenue is expected to exceed 10 billion yuan. While the

domestic project was grandly put into operation, good news also came from abroad.

It is reported that Jingao Science and Technology has obtained the project investment license issued by the local government for the production of silicon rods, silicon wafers and high-performance photovoltaic cells in Vietnam's Beijiang Guangzhou Industrial Zone.

Jingao Technology makes an additional adjustment of US $378 million, equivalent to about RMB 2.767 billion (according to US $1 = 7. After the completion of the project, the production capacity will be formed: silicon rods 2. Jingao's total investment in Vietnam's Beijiang will reach 70.

Digital New Energy DataBM.

that at the performance presentation on October 31, Jingao Technology announced a downward revision of this year's shipments to 55-60 GW . Just two months ago, Jingao Technologies also said at the semi-annual report performance presentation meeting that it would strive to keep the shipment target of 60-65GW unchanged in 2023.

Only two months later, it can be seen that the rapid downward trend of market demand has caught Jingao Technology, as the leader, by surprise.

In fact, it has been analyzed in

According to the latest data from the Silicon Branch this week, the price of silicon materials has dropped by 19. The price of components is even worse. After the bid opening price of the third batch of photovoltaic modules of Huadian Group in 2023 was 0.993 yuan/watt , the photovoltaic modules collection project of the State Energy Group in 2023 reappeared

. Jingao Technology will still achieve the shipment target of 17-22 GW in the fourth quarter of this year. This "ruthless" effort may also be forced, after all, this year's net profit target of about 2.7 billion yuan has not been completed.

But the unfinished 2.7 billion yuan is far more than net profit of Jingao Technology in all single quarters this year.

On October 31, Jingao Technologies released the company's quarterly report. In the first three quarters of this year, operating income reached 59.981 billion yuan, an increase of 21.61% over the same period last year; Net profit attributable to shareholders of listed companies was 6.765 billion yuan , an increase of 105 over the same period last year.

In the third quarter, the company's revenue was 19.138 billion yuan, a decrease of 8.23% over the same period last year; The net profit attributable to the parent company was 1.951 billion yuan, an increase of 22.

When comparing the performance of Jingao last year in the digital new energy DataBM. Com, it was found that Jingao Technology achieved a revenue of 72.989 billion yuan in 2022, with a net profit of 55. The net profit of Jingao Technology in the first three quarters of this year has exceeded the net profit of the whole year of 2022. It is enough to see that the profitability of Jingao Technology has been greatly enhanced this year. The net profit

of Jingao Science and Technology will reach a new high this year, but according to this performance trend, it is slightly difficult to achieve the performance target of net profit not less than 9.5 billion yuan .