JinkoSolar said it posted revenue of CNY47.251 billion ($6.6 billion) and net profit of CNY1.2 billion in the first half of 2024, while Longi’s revenue fell to CNY38.529 billion in the January-June period , with a net loss of CNY 5.243 billion. .
JinkoSolar said it posted revenues of CNY47.251 billion in the first half of 2024 and net profit attributable to shareholders of CNY1.2 billion, down 68.77% year-on-year. It shipped 43.8 GW of PV modules, including 35.9 GW of n-type modules, bringing cumulative n-type shipments to more than 100 GW. It said it expects deliveries of 23 GW to 25 GW in the third quarter and remains confident of achieving its full-year target of 100 GW to 110 GW. By the end of 2024, the country expects 120 GW of monocrystalline wafer capacity, 95 GW of solar cells and 130 GW of PV modules.
Long reported revenue of CNY 38.529 billion for the first half of the year, down 40.4% from the first six months of 2023. It posted a net loss of CNY 5.243 billion, missing last year’s profit of CNY 9 .18 billion was reversed. The company shipped 44.44 GW of silicon wafers, 2.66 GW of cells and 31.34 GW of PV modules. It expects the HPBC 2.0 product to begin mass production in late 2024, with back-contact capacity reaching 70 GW by the end of 2025. Longi also opened a new 5 GW module factory in the United States, supporting its North American operations.
Trina Solar posted revenues of CNY42.968 billion in the first half of 2024 – down 12.99% year-on-year. Net profit attributable to shareholders fell 85.14% to CNY 526 million. The company shipped 34 GW of modules and 1.7 GWh of energy storage systems. It said it is focusing on its n-type tunnel oxide passivated contact (TOPCon) technology, with capacity expected to reach 55 GW for silicon wafers, 105 GW for cells and 120 GW for modules by the end of this year.
State Power Investment Corp. (SPIC) has announced its 51st and 52nd centralized procurement rounds for 2024, including 12.5 GW of PV modules and 12.5 GW of inverters. The module purchase round includes 100 MW of p-type 182, 7.1 GW of n-type 182, 4.3 GW of n-type 210 and 1 GW of PV modules with an efficiency above 22.6%. The inverter procurement round includes 8.75 GW of string inverters, 2.5 GW of central inverters and 1.25 GW of distributed inverters under 150 kW.
Guangdong Hydropower Group has invested in two PV projects. One is a 398 MW land-based project in Shaoguan, Guangdong Province, with a DC capacity of 465.5 MWp and an AC capacity of 395 MW. The investment totals CNY 1.85 billion. The other project is a 300 MW centralized PV project in Lanzhou New Area, Gansu Province, with an investment of CNY 838.66 million. The projects are expected to be completed and connected to the grid within 12 months, with a commissioning target of 2025.
Golden solar new energy said it posted revenue of CNY127.48 million in the first half, compared with CNY155.52 million last year, and a net loss of CNY158.18 million. The company attributed the sales decline to price competition for orders and a temporary decline in sales volume due to upgrades in its heterojunction production lines for high-efficiency, back-contact PV products.
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