Net profit increased by 83% in the first quarter! TCL Zhonghuan 25 GW Battery Project Landing

On April 13, TCL Central released the main operating data from January to March 2023.

According to the announcement, from January to March 2023, the company realized business income of about 17-18 billion yuan , an increase of about 27% -35% over the same period last year; The net profit attributable to shareholders of listed companies is about 2.2-2.4 billion yuan , an increase of about 68% -83% over the same period last year.

TCL Zhonghuan said that from January to March 2023, the supply shortage of raw materials in the upstream of the global photovoltaic market gradually eased, the installed capacity improved in fluctuations, silicon wafers showed structural tension, and high-quality products represented by 210 large sizes were in short supply. With the increasing demand for large-size and N-type products, the advantages of industry 4.0 and flexible manufacturing were further highlighted, and the company's business segments operated efficiently and achieved good results.

Earlier, TCL Central announced on April 7 that the company intends to raise no more than 13.8 billion yuan by issuing convertible bonds to unspecified targets. It will be used for the annual output of 35 GW high-purity solar ultra-thin monocrystalline silicon wafer smart factory project and TCL Central 25 GW & nbsp; N-type TOPCon high-efficiency solar cell industry 4.0 smart factory project .

Among them, the 25GW solar cell industry 4.0 smart factory project has recently signed a cooperation agreement with the Guangzhou Municipal People's Government and the Guangzhou Development Zone Management Committee. According to the cooperation agreement, TCL Zhonghuan will invest 10.6 billion yuan in Guangzhou Development Zone. The project mainly produces G12N TOPCon batteries, with an estimated output value of 16 billion yuan.