On June 22, Tongwei Co., Ltd. announced in the evening that its five subsidiaries (Sichuan Yongxiang Polysilicon Co., Ltd., Sichuan Yongxiang New Energy Co., Ltd., Inner Mongolia Tongwei High-Purity Crystalline Silicon Co., Ltd., Yunnan Tongwei High-purity Crystalline Silicon Co., Ltd., Sichuan Yongxiang Energy Technology Co., Ltd., hereinafter collectively referred to as the "Seller") recently signed a polysilicon long-order sales contract with Yunnan Yuze.
According to the contract, the buyer is expected to purchase a total of 161,100 tons of polysilicon products from the seller from 2022 to 2026.If calculated according to the latest (June 22, 2022) average transaction price of domestic single crystal dense materials announced by the Silicon Branch of China Nonferrous Metals Industry Association, 270,400 yuan / ton (tax included), the total sales are expected to be about 38.5 billion yuan (excluding tax). Tax).
In terms of performance impact, the announcement stated that this contract is a long-term sales contract. The signing of the contract will help the company's stable sales of polysilicon products and have a positive impact on the company's performance.The performance of this contract will not affect the independence of the company's performance, and the company will not rely on the above-mentioned counterparties due to the performance of this contract.
The announcement reminds that the terms of the contract clearly stipulate the supply volume, pricing principles, and liability for breach of contract, and the buyer and seller have less risk of performance due to fluctuations in the price of the subject of the contract or fluctuations in procurement demand; , the environment and other unforeseen or force majeure factors may cause the contract to fail to perform as scheduled or in full.
Not long ago, Tongwei shares just signed a new large order of 50.9 billion yuan.On June 17, the company announced that from 2022 to 2026, Qinghai Gaojing Solar Technology Co., Ltd. plans to purchase no less than 216,100 tons of polysilicon products from its subsidiaries.The specific order price is negotiated monthly, and the total contract transaction value is subject to the final transaction value.The contract is a long-term sales contract.
It is worth noting that, in addition to the above orders, in March this year, LONGi Green Energy also signed a long-term purchase agreement for silicon materials with Tongwei.
On March 21, LONGi announced that its 8 subsidiaries and 4 subsidiaries of Tongwei Co., Ltd. signed a long-order purchase agreement for polysilicon materials. From January 2022 to December 2023, the number of polysilicon material transactions was 203,600 tons.If calculated according to the average transaction price of single crystal high-purity silicon material announced on March 16, 2022 by the Silicon Industry Branch of China Nonferrous Metals Industry Association, 245,300 yuan / ton, the total contract value is estimated to be about 44.2 billion yuan (excluding tax) .
Financial data shows that in the first quarter of 2022, Tongwei achieved a total operating income of 24.69 billion yuan, a year-on-year increase of 132.5%; net profit attributable to the parent was 5.19 billion yuan, a year-on-year increase of 513%.
Tongwei Co., Ltd. once stated on the investor interaction platform that in the first quarter of 2022, the company's polysilicon products were in strong demand, and the market price rose year-on-year. The superimposed company's new high-purity crystalline silicon production capacity was effectively released, and both volume and profit increased, driving a substantial growth in performance.
