Beijing, May 5 (ZXS) -- According to past experience, the first quarter is often the traditional business off-season of photovoltaic companies, but according to the quarterly report disclosed by listed companies, the performance of China's A-share photovoltaic companies is generally eye-catching, achieving "the off-season is not light".
According to the statistics of Soochow Securities, in the first quarter of this year, the A-share photovoltaic sector related enterprises achieved a total operating income of about 2708.64 billion yuan (RMB, the same below), a year-on-year increase of 37.81%; The total net profit was about 374.51 billion yuan, a year-on-year increase of 55.67%.
Statistics also show that in 2022, the A-share photovoltaic sector achieved a total operating income of about 10736.79 billion yuan, a year-on-year increase of 75.64%; The total net profit was about 1241.51 billion yuan, a year-on-year increase of 92.93%.
Chen Zikun, an analyst at GF Securities, said that since 2022, due to international geopolitical conflicts, energy and electricity prices have soared, stimulating the urgent demand for energy autonomy and controllability in Europe, and promoting the high demand for photovoltaic installations.
Li Hengyuan, an analyst at Guosen Securities, said that in the first quarter of this year, China's photovoltaic industry showed an obvious "off-season" and a state of supply and demand. On the demand side, domestic new installed capacity and PV module exports increased significantly, supporting terminal module prices to remain relatively stable; On the supply side, polysilicon output increased, and prices have continued to decline weekly since March, which is conducive to the development of photovoltaic companies. A number of photovoltaic companies reported a significant increase in performance year-on-year, and the net profit of the middle and downstream links of the main photovoltaic industry chain generally increased significantly.
Specifically, the performance of leading companies in the photovoltaic industry is still bright. In the first quarter of this year, LONGi Green Energy achieved revenue of about 283.19 billion yuan, a year-on-year increase of 52.35%; The net profit was about 36.37 billion yuan, a year-on-year increase of 36.55%. Another leading enterprise, Tongwei Co., Ltd., achieved revenue of about 332.45 billion yuan and net profit of about 86.34 billion yuan in the first quarter, up 67.65% and 59.<>% respectively year-on-year.
Looking forward to the second quarter, Li Hengyuan believes that the demand for terminal components in the photovoltaic industry is strong, while the supply of upstream polysilicon may steadily increase, and the price difference between modules and polysilicon is expected to widen, bringing about the expansion of the overall profit volume in the middle and lower reaches of the industrial chain, and the high prosperity of the industry is expected to continue. (End)