Sino-Singapore Jingwei, June 27. On the 26th, Almaden announced the signing of a major contract, with an estimated total contract value of about 7.425 billion yuan.
According to the announcement, on June 26, Almaden and Trina Solar signed a "Strategic Cooperation Agreement" on 1.6mm ultra-thin photovoltaic glass.The company plans to sell 1.6mm ultra-thin photovoltaic glass to Trina Solar from June 1, 2022 to December 31, 2025, with an estimated sales volume of 337.5 million square meters and an estimated total contract value of about 7.425 billion yuan ( Tax included) (Note: The total amount of the contract is estimated according to the information released by Zhuochuang Information in June 2022, with reference to the average price of 2mm photovoltaic glass front and back panels of 22 yuan/square meter (tax included)), It accounts for about 363.73% of the company's audited operating income in 2021.
Almaden said that the signing of this cooperation agreement reflects the company's technological research and development advantages and technological innovation capabilities in the field of thin glass.At the same time, it is conducive to the market promotion of the company's 1.6mm ultra-thin photovoltaic glass, further enhancing the company's market influence and core competitiveness in the thin glass field, and will have a positive impact on the company's operating performance.The performance of the contract does not affect the company's business independence, and the company's main business will not rely on the contract signatory due to the performance of this contract, and will not affect the company's business independence.
The financial report shows that in 2021, Almaden’s revenue will be 2.032 billion yuan, a year-on-year increase of 12.71%; its net profit will be 53.999 million yuan, a year-on-year decrease of 60.80%.In terms of products, the revenue of solar glass was 1.743 billion yuan, accounting for 85.76% of the revenue.
The Zheshang Securities report pointed out that 1.6mm photovoltaic glass is 20% thinner than the current mainstream 2.0mm glass, which has obvious advantages in weight and cost, and is more in line with the needs of light weight and high efficiency in the BIPV scenario, which is very important for the photovoltaic industry. Cost reduction and efficiency increase” is of great significance.
According to media reports, some institutional analysts believe that the surplus of photovoltaic glass is irreversible, and at the same time, rising costs and weak prices will lead to double pressure on manufacturers.It is understood that with the continuous release of new production capacity, the price of photovoltaic glass this year may maintain low-to-medium fluctuations.As for the future price trend, the recent demand is slightly weak, and there is room for some transactions to be negotiated, and there is no sign of price increase.
Almaden also reminded the risk in the announcement that the agreed sales price shall be determined by all parties through negotiation based on market conditions; in the process of contract performance, in the event of unpredictable or force majeure factors such as industry policy adjustments, market environment changes, and business strategy adjustments of both parties. may result in the contract not being fulfilled as scheduled or in full.Investors are requested to invest rationally and pay attention to investment risks.
In the secondary market, Almaden’s stock price rose by the daily limit on June 24, at 33.44 yuan per share. Since the rebound from the year’s low of 16.55 yuan per share on April 27, it has risen by 102.05%, and the latest market value is about 6.7 billion yuan.(Sino-Singapore Jingwei APP)
(The opinions in this article are for reference only and do not constitute investment advice. Investment is risky, and you need to be cautious when entering the market.)
