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Daqo elevated polysilicon manufacturing quantity in 2023 to 197,831 MT, representing a 47.8% year-over-year enhancement in comparison with 133,812 MT produced in 2022.
Daqo New Vitality mentioned it elevated polysilicon manufacturing quantity in 2023 to 197,831 MT, representing a 47.8% year-over-year enhancement in comparison with 133,812 MT produced in 2022. Wanting forward, manufacturing quantity in 2024 is forecast to be between 280,000 MT and 300,000 MT, roughly 40% to 50% greater than in 2023. As for financials, its famous annual income in 2023 of $2.3 billion in comparison with $4.6 billion in 2022 because of “a lot decrease” common promoting costs. Internet revenue was $421.2 million in 2023, in comparison with $1.81 billion in 2022. Its newest quarterly outcomes have been additionally introduced. It indicated gross sales quantity fell to 59,906 MT in This autumn 2023 from 63,263 MT in Q3 2023, with income additionally falling to $477.1 million in This autumn 2023 from $484.8 million in Q3 2023. The margin improved to 18.3% in This autumn 2023 (up from 14.0% in Q3 2023), as did revenue, which grew to $44.9 million in This autumn 2023 in comparison with a web lack of $6.3 million in Q3 2023.
The State Energy Funding Company (SPIC) has dedicated CNY10 billion to arrange a producing facility in Lankao, Henan province, that includes 5 GW of PV module capability and 5 GW of power storage capability. Spanning over 300,000 sq. meters, the power will even embody an analysis middle. Initiated in November 2022, the undertaking has made important progress, with the building now exceeding 60% completion.
China’s Nationwide Improvement and Reform Fee (NDRC) and the Nationwide Vitality Administration (NEA) collectively launched the “guideline for the event of the state grid,” outlining bold targets for China’s energy grid by 2025. The directive mandates the combination of 500 GW of distributed renewable power. The initiative additionally goals to transition the nationwide grid from a singular energy provide and distribution service entity to a complete supply community facilitating environment-friendly allocation of energy technology, storage, and cargo.
Xinyi Photo voltaic introduced a rise in gross revenue in 2023 in comparison with 2022. Its income was HK$26.62 billion, up 29.6% in comparison with gross sales in 2022. Revenue elevated by 9.6% to HK$4.18 billion in 2023, up from HK$3.82 billion in 2022. Its photo voltaic power undertaking enterprise achieved grid-linked capability of 1.09 GW, with 974 MW of utility-scale ground-mounted initiatives and 120 MW of distributed technology initiatives. The corporate indicated that skinny glass “continued to extend” in the share of gross sales in 2023.
Within the second half of 2023, the transition from P-type to N-type materials drove skinny glass gross sales, together with the demand for modules for utility-scale ground-mounted PV energy initiatives. The corporation sees skinny glass changing into a mainstream product. It mentioned it deliberately to extend its whole-day melting capability of photo voltaic glass from 25,800 tonnes at the finish of 2023 to 32,200 tonnes as of the finish of 2024. As well as, the Group has begun preparations for the institution of recent manufacturing bases domestically and overseas, notably in Indonesia. No commissioning date was talked about besides that it will be 2025 or later.
