The hottest photovoltaic glass industry is hot, an

The photovoltaic glass industry is booming, and the layout of Jinjing technology is at the right time

the China Photovoltaic Industry Association predicts that the country will add 40gw of photovoltaic installed capacity this year, an increase of 32.8% year-on-year. Under the influence of the "capacity replacement" 4. The ball screw policy, which is the component driving the movement of the sensor, the uncertainty of future capacity has increased. The price of photovoltaic glass has increased by more than 80% since the second half of the year, and relevant enterprises have made a lot of money

photovoltaic industry must be one of the hottest industries in 2020. The information revealed at the climate ambition Summit on December 12 shows that by 2030, China's carbon dioxide emissions per unit of GDP will be reduced by more than 65% compared with 2005, the proportion of non fossil energy in primary energy consumption will reach about 25%, the forest volume will increase by 6billion cubic meters compared with 2005, and the total installed capacity of wind and solar power will reach more than 1.2 billion kw

photovoltaic glass demand growth enters the fast lane

it is reported that in 2020, about 20 enterprises announced module expansion projects, including 14 projects with more than 5GW. The large-scale expansion of photovoltaic modules directly drove the surge in photovoltaic glass demand

on the other hand, the popularity of double glass modules has further boosted the demand for photovoltaic glass. Compared with single glass modules, the power generation efficiency of double glass modules is increased by more than 30%, which is more conducive to the full life cycle profitability of photovoltaic power stations. Relevant data show that in 2019, the penetration rate of double glass components in China was only 19%, and there is much room for improvement in the future. According to the announcement of listed company Jinjing technology in November, the production of 1GW 2.5mm double glass modules, 2.0mm double glass modules and single glass modules requires about 89000 tons, 73000 tons and 56000 tons of photovoltaic panel originals, that is, the demand for photovoltaic panel originals of the same number of double glass modules is about 30-60% higher than that of single glass modules

orderly release of production capacity does not change the tight supply pattern in the medium term

recently, the Ministry of industry and information technology publicly solicited opinions on the implementation measures for capacity replacement in the cement glass industry (Revised Draft), indicating that photovoltaic calendered glass may not develop a capacity replacement plan, but requiring that new photovoltaic glass projects should entrust national industry organizations or intermediaries to hold hearings to demonstrate the necessity of project construction, technological progressiveness, energy consumption level Environmental protection level, and announce the project information. At the same time, after the photovoltaic glass project is put into operation, the enterprise should fulfill its commitment not to produce building glass

in this regard, experts believe that there is a high threshold for investment in photovoltaic calendered glass, a large amount of capital investment, technology research and development, equipment configuration, personnel replenishment, etc. are important factors to be considered for new photovoltaic projects. Due to factors such as the production capacity launch cycle and the ramp up of good products, the short-term production capacity launch may be lower than market expectations

Chuancai Securities said that due to the long construction time of photovoltaic glass production line, it will take about 18 months from investment and construction to actual production. It is expected that the photovoltaic glass industry as a whole will achieve a balance between supply and demand by the end of 2022, while in 2021, photovoltaic glass will face a structural shortage, and the supply of large-size glass is still tight

institutions: the industry has long-term investment value

Zhongtai Securities believes that photovoltaic glass is currently in the peak demand season, the penetration rate of superimposed double glass has increased, the glass supply is tight, at the same time, the inventory level has decreased and the price of raw materials has increased, so it continues to be optimistic about the price of photovoltaic glass

Huatai Securities believes that the high prosperity of the photovoltaic glass industry is expected to run through the "14th five year plan", and the green energy revolution + the increase of the penetration rate of dual glass drive the industry demand. It is estimated that the supply gap of photovoltaic glass may still exceed 10% in 2021, and the short-term high price of photovoltaic glass is stable

industry insiders believe that under the background of limited capacity expansion, leaders with large-scale stock float indicators that can be replaced or experienced in overseas capacity expansion will benefit more

it is worth noting that Jinjing technology, an old domestic glass company, has accurately grasped the development trend of the industry in recent years and began to layout photovoltaic glass in 2018, which is expected to open up new growth space by taking advantage of the east wind of the industry

Jinjing Technology: photovoltaic glass upstart

the data shows that Jinjing technology's main product package includes two categories: glass and soda ash. It is a domestic leading enterprise of ultra white float glass, and its product positioning is high-end. Jinjing is the birthplace of China's first ultra white glass, ending the history of China's dependence on imports of ultra white glass. Jinjing products are used in landmark buildings such as China Zun, Beijing Yintai Center, bird's nest and water cube. Jinjing glass enjoys high popularity in the industry

the company laid out the photovoltaic industry chain earlier. In August, 2018, the company invested and set up a subsidiary in Malaysia to build a solar glass production line. According to the 2020 semi annual report, the company plans to build a 500 ton/day front panel glass production line and a 500 ton/day back panel glass supporting connecting line tempering deep processing production line in Malaysia in two phases. At present, it is under construction, and its products are positioned as the main accessories of thin-film solar photovoltaic modules

in November this year, the company announced that its subsidiary invested in the construction of phase I photovoltaic light panel project, which was invested and constructed by Jinjing technology with a self raised investment of 385million yuan. After completion, the normal annual output of 2.5mm photovoltaic panels is 28.495 million square meters, and it is expected to be officially put into operation in June 2021, which is another layout of Jinjing technology in the photovoltaic industry chain. After the project is completed and put into operation, it is expected that the average annual sales revenue will be 669 million yuan, the average annual total profit will be 316 million yuan, and the average annual net profit will be 268 million yuan

with its deep accumulation in ultra white technology, the company actively embraces the current high boom in the photovoltaic glass industry, which makes the technical status of equipment reach the requirements of the standard of regular equipment, and is expected to achieve leapfrog growth in the next two years. West China Securities predicts that the company's production capacity of ultra white floating and calendered photovoltaic glass is expected to reach 3300 tons/day in 2021. At the same time, the company's production lines are mostly small and medium-sized production lines of tons/day, and the conversion to photovoltaic backplane glass has inherent advantages, which further enhances the company's certainty

under the internal economic cycle, in April 2021, China Chengdu Construction Expo will talk with you about starting with the test, taking 1 standard weight and hanging it lightly on the fixture connecting seat. New opportunities for the industry

in 2020, with the outbreak of the global epidemic and the prevention and control of the domestic epidemic effectively controlled, the global economic situation has also undergone great changes, and China is pursuing [details]