Changjiang Commercial Daily News Changjiang Commercial Daily reporter Liu Fangyi
After the transformation of the photovoltaic cell industry, Junda shares "tastes the sweetness" and continues to increase its weight.
On July 11, Junda (002865.SZ) announced that it is expected that the net profit attributable to shareholders of listed companies in the first half of the year will be 250 million to 300 million yuan, and a loss of 34.7537 million yuan in the same period last year.
Among them, after Junda Co., Ltd. completed the acquisition of Jietai Technology in 2021, the target's operating income in the first half of the year was about 3.9 billion yuan, a year-on-year increase of about 127%; the net profit was about 175 million yuan, a year-on-year increase of about 98%.
Moreover, in the first half of the year, Junda sold all the assets related to the auto trim business, and completed the delivery of the assets related to the auto trim business in June 2022.
On July 8, Junda shares issued a revised draft showing that the total amount of funds raised from this non-public offering of shares did not exceed 283,000 yuan, of which 1.519 billion yuan was planned to be used to acquire 49% of the equity of Jietai Technology.
Jietai Technology's net profit in the first half of the year increased by 98%
On the evening of July 11, Junda Co., Ltd. released the 2022 semi-annual performance forecast, showing that the company’s net profit attributable to shareholders of listed companies in the first half of the year was 250 million to 300 million yuan, and a loss of 34.7537 million yuan in the same period last year; after deducting non-recurring gains and losses The net profit after that was 50 million yuan to 80 million yuan, and a loss of 35.7909 million yuan in the same period last year.
Junda shares stated that the company completed the acquisition of 51% equity of Shangrao Jietai New Energy Technology Co., Ltd. (referred to as "Jietai Technology") in 2021, and Jietai Technology will be included in the company's consolidated statements from October 1, 2021.During the reporting period, benefiting from the growth of market demand and the release of new production capacity, Jietai Technology achieved a substantial increase in sales revenue and profit.
Specifically, in the first half of 2022, Jietai Technology achieved operating income of about 3.9 billion yuan, a year-on-year increase of about 127%; net profit was about 175 million yuan, a year-on-year increase of about 98%.
At the same time, Junda completed the delivery of assets related to the auto trim business in June 2022.The company's proceeds from the disposal of assets related to the auto trim business are approximately 215 million yuan.
According to Junda Co., Ltd., it is estimated that the impact of non-recurring gains and losses on the company's current net profit is about 213 million yuan, compared with 1.0372 million yuan in the same period last year.
From this point of view, Junda's success in the first half of the year is inseparable from the company's entry into photovoltaics.
In September 2021, Junda acquired a 51% stake in Jietai Technology, officially announcing the company's transformation into the photovoltaic cell industry.
In June 2022, Junda Co., Ltd. and Hongfu Photovoltaic signed the "Property Rights Transaction Contract", intending to transfer 33.97% of the equity of its subsidiary Jietai Technology, and signed the "Asset Purchase Agreement" with Supor Group, intending to acquire 15.03% of its equity in Jietai Technology ; The two transactions totaled the acquisition of a 49% stake in Jietai Technology.After the transaction is completed, Jietai Technology will become a wholly-owned subsidiary of Junda.
According to the data, Jietai Technology is mainly engaged in the research and development, production and sales of photovoltaic cells. It has first-class production technology and international advanced production equipment. With the three core production competitiveness of technological innovation, scientific management and cost control, the main PERC , Monocrystalline solar cells have reached the international leading level.
In 2021, Jietai Technology will achieve a net profit of 225 million yuan, contributing to the main profits of listed companies.
In 2021, Junda Co., Ltd. will realize an operating income of 2.863 billion yuan, a year-on-year increase of 233.54%; the net profit attributable to shareholders of listed companies is 179 million yuan, a year-on-year decrease of 1418.69%.
From the perspective of different industries, the revenue of Junda's auto accessories products is 1.156 billion yuan, accounting for 40.38% of the operating income; the photovoltaic cell income is 1.642 billion yuan, accounting for 57.34% of the operating income; other business income is 65.2187 million yuan, accounting for the proportion of operating income 2.28%.
Spin off the automotive business and transform the photovoltaic industry
After the performance is stable and upward, Junda shares have a longer-term plan.
Entering 2022, Junda Co., Ltd. has made a more determined decision to divest the auto trim business and focus on the photovoltaic cell business.
On April 20, Junda Co., Ltd. announced that it planned to transfer 100% equity of Suzhou Junda Vehicle Technology Co., Ltd., Hainan Xinsu Mould Plastic Industry and Trade Co., Ltd. and other listed companies except Suzhou Junda, Hainan Xinsu's equity group is an asset group related to the auto trim business.
After the completion of the divestiture, Junda Co., Ltd. fully focused on the main business of photovoltaics, concentrated resources into the research and development and production of the main business, and continuously improved the technical level and production scale of the photovoltaic cell business, with the goal of becoming the world's leading provider of solar cell solutions. keep trying.
On June 3, Junda Co., Ltd. issued an announcement saying that due to the company's spin-off of the automobile business and the transformation of the photovoltaic business, the management personnel including the director, general manager, and deputy general manager "renovated" overnight.
On July 8, Junda Co., Ltd. released the 2022 non-public issuance of A-share stock plan (revised draft), showing that the total amount of funds raised in this non-public issuance of shares does not exceed 283,000 yuan, and the net amount of funds raised after deducting relevant issuance expenses, It is planned to use the raised funds of 1.519 billion yuan to acquire 49% of the equity of Jietai Technology, use the raised funds of 500 million yuan for the pilot project of high-efficiency N-type solar cell research and development, and use the raised funds of 811 million yuan to supplement working capital and repay bank loans.
At present, Junda's PERC production capacity is about 8.8GW, all of which are 182mm large.
It is worth noting that Jietai Technology continues to expand production.
In December 2021, Jietai Technology and Anhui Laian Chahe Economic Development Zone Management Committee signed an investment cooperation agreement, announcing that Jietai Technology will invest about 11.2 billion yuan to build a 16GW high-efficiency solar cell project.The project is implemented in two phases, mainly producing new N-type TOPCon large-size monocrystalline high-efficiency cells. The first phase of 8GW is scheduled to be put into production in 2022.
The first 8GW TOPCon production line of Jietai Technology in Chuzhou is progressing smoothly and is expected to be fully put into operation in the third quarter.By the end of this year, Junda will have a photovoltaic cell production capacity of 16-17GW (8+8.8).The company's long-term layout and investment in the N-type field in the past is expected to help become one of the N-type TOPCon leaders.
