On August 4, Daquan Energy issued a record of investor relations activities, saying that exploring ways to rectify disorderly competition and promote the orderly withdrawal of backward production capacity is an inevitable choice for the photovoltaic industry to break through the current predicament. It also points out the direction for the industry to get rid of involution and develop healthily, and has far-reaching significance for the high-quality development of the industry.
At present, the company's polysilicon product quotation and transaction strictly follow the price guidance requirements of relevant departments, and carry out business activities within the framework of compliance.
The following is the full text:
First, under the macro background of "anti-involution", the state ministries, industry associations and industrial enterprises have recently carried out a series of in-depth discussions on supply-side reform. What is the view of the company?
Answer : At present , the photovoltaic industry is at a critical stage of deep adjustment and optimization transformation. The series of work carried out by national ministries, industry associations and industrial enterprises around supply-side reform is a positive signal to break the bottleneck of the industry and reshape the logic of development.
Under the background of the continuous deepening of the "anti-involution" consensus, the exploration of the path to rectify the disorderly competition and promote the orderly withdrawal of backward production capacity is not only the inevitable choice for the photovoltaic industry to break through the current predicament, but also points out the direction for the industry to get rid of the involution and develop healthily, which has far-reaching significance for the high-quality development of the industry.
As an important participant in the photovoltaic industry, the company will actively fulfill its corporate responsibility and fully respond to and cooperate with policy guidance and industrial synergy.
Two, the recent polysilicon quotation and transaction price have risen sharply, is the company's quotation and transaction price rising synchronously?
Answer: The quotation and transaction of the company's polysilicon products strictly follow the price guidance requirements of relevant departments, and carry out business activities within the framework of compliance. For details, please refer to the public information released by the Silicon Branch of China Nonferrous Metals Industry Association on July 30:
the transaction price range of polysilicon n-type re-feeding is 45,000-49,000 yuan/ton, and the average transaction price is 47,100 yuan/ton. The transaction price range of n-type dense materials is 439-47000 yuan/ton, and the average transaction price is 43900 yuan/ton.
3. Recently, the main contract price of polysilicon futures has continued to rise. Does the company consider participating in hedging to optimize cash flow?
Answer: The Company continuously pays attention to the dynamics of the polysilicon market and the operation of the futures market, and evaluates the feasibility of the hedging business within the compliance framework based on its own business strategy and risk tolerance. If
the company is involved in major matters such as futures hedging, it will fulfill its announcement obligations in a timely and accurate manner in strict accordance with the requirements of information disclosure. The Company will continue to adhere to the principle of prudent operation, explore effective risk management tools within the scope permitted by laws and regulations, and strive to achieve a balance between sound operation and shareholders' interests.
4. If the price of polysilicon continues to rise, will the company consider increasing the operating rate?
Answer: The company will dynamically evaluate the balance between cost and benefit and formulate the optimal production plan based on the price trend of polysilicon and the change of market supply and demand.
5. Is there a big difference in the cost of production capacity between the two bases in Xinjiang and Inner Mongolia?
Answer: The electricity price and silicon powder price in Xinjiang and Inner Mongolia are close, and the process technology and equipment level of the production capacity in the two places have been adjusted to the optimal state, so the cost of the two bases is relatively close.
Six, is there any room for the company's full cost to fall, and what are the ways to reduce costs and increase efficiency in the future?
Answer: In the process of production and operation, the company continues to take the initiative to reduce costs and increase efficiency to ensure the long-term market competitiveness of products:
(1) Reasonably optimize the procurement and supply mode of raw materials and accessories, activate the competition mechanism, and ensure the quality and cost of raw materials from the supply chain.
(2) Optimize the process flow and reduce energy consumption.
(3) Relying on the scientific and technological innovation strength and industrialization advantages of scientific research institutes in universities and Daquan Energy Research Institute, carry out in-depth cooperative research, regulate the proportion of N-type materials in polysilicon products, and reduce comprehensive energy consumption.
(4) Improve the accuracy of cost control through digital manufacturing, and build a safe, efficient, high-quality, low-cost intelligent factory with significant advantages.
7. From the perspective of cost, what is the specific impact of the fluctuation of capacity utilization rate on the full cost of polysilicon?
Answer: The full cost of polysilicon is mainly composed of manufacturing costs and period expenses, of which manufacturing costs include variable costs (such as silicon powder, electricity, steam and main auxiliary materials) and fixed costs (such as personnel salaries and benefits, equipment depreciation and amortization). The impact of the
capacity utilization rate on the full cost is mainly reflected in the depreciation and amortization of the fixed cost: when the capacity utilization rate increases, the fixed cost such as the depreciation and amortization of the unit product and the salary of the staff decreases accordingly, which drives the full cost to decrease; otherwise, the full cost increases.
Therefore, under the premise of the same production process and raw material price level, the fluctuation of capacity utilization rate is an important factor affecting the full cost.
Eight, the company issued the announcement of the initial public offering of some restricted shares, whether the major shareholders will reduce the company's shares in the near future?
Answer: If the company's major shareholders have plans to reduce their shareholdings, the company will strictly comply with laws, regulations and regulatory requirements such as the Interim Measures for the Management of Shareholders'Reduction of Shares in Listed Companies and the Rules for the Management of Shares Held by Directors, Supervisors and Senior Managers of Listed Companies and Their Changes. Fulfill the obligation of information disclosure in a timely, accurate and complete manner.
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