https://www.pv-tech.cn/news/there_are_few_landing_orders_in_hjt_market_mainly_large-size_perc_equipmen? (Google Translated)
https://www.bloomberg.com/profile/company/ACURHZ:CH
Shenzhen Weichuang Automation Equipment Co., Ltd. was founded in 2003. The company's line of business includes the manufacturing of special industry machinery.
Jiejia Weichuang: Nearly 8 billion orders are mainly for large-size PERC equipment, and HJT has a small number of landing orders
(PV-Tech News) Since the beginning of this year, heterojunction (HJT), as a popular concept in the photovoltaic field, has recently been hyped up. At present, among domestic listed companies, the representative companies of HJT theme concept equipment include Jiejia Weichuang (300724) and Maiwei Co., Ltd. (300751), etc. While the technology iteration of the photovoltaic industry is accelerating, various equipment manufacturers in the industry have also invested in related equipment. Research and development in the technical field.
As one of the main equipment manufacturers participating in the research and development of HJT technology, the stock price of Jiejia Weichuang has risen significantly in the past two years and has attracted the attention and pursuit of investors.
Recently, Jiejia Weichuang said in response to investors’ questions that as the dual-carbon goals drive the expansion of terminal demand, the acceleration of technological iterations and the maturity of the company’s new products, the company will also usher in a continuous and positive development prospect.
Jiejia Weichuang exchanged views with investors on the company’s business, orders, markets, technical routes, etc., and answered some questions one by one. The key essence of the question and answer PV-Tech is as follows:
Q: Hello, how much is the company's unconfirmed order revenue? Thanks Reply.
A: As of October 31, 2021, the company's ongoing orders amounted to approximately 7.829 billion yuan, including orders that have been shipped but not yet accepted and orders that have not yet been shipped.
Q: What is the proportion of Topcon equipment, HJT equipment, PERC line equipment and semiconductor equipment of the approximately 7.829 billion orders currently in hand? Whether there are new orders and intention orders in the near future.
A: At present, the PERC technology route is still the mainstream in the market. Therefore, orders are mainly for large-size PERC equipment. TOPCON and HJT equipment have a small share of orders. Semiconductor equipment has also received partial orders.
Q: Maiwei HJT has a sales order of 1.8 billion yuan. How many orders does the company have for HJT?
A: Thank you for your attention! Please pay attention to the company's relevant disclosure information for the company's heterogeneous order in hand.
At present, the HJT technical route and equipment are not yet mature, and have not reached
the stage that can replace the PERC production line, and the number of orders placed in the market is very small, and the HJT market has not yet exploded on a large scale. The HJT deployed by the company covers a variety of technical routes and is the most comprehensive in the industry.
In the future, it will not only provide customers with cost-effective equipment, but also provide customers with more choices.
Q: Does the company currently have orders for the entire line? The current order depends on the company's winning bids. The HJT market is so big. If the company's technical route is wrong, then it is still a winner-takes-all situation. Jiejia's current market value has to be discounted?
A: Hello! HJT has not yet reached the stage of large-scale industrialization.The company has carried out a comprehensive layout on the HJT and TOPCON technical routes, and will be able to provide customers with cost-effective equipment in the future. Thanks!
Q: Maiwei pecvd production capacity is 14400 pieces/H, Jiejia pecve only has 8000 pieces/H and RPD5000 pieces/H. Even if the RPD efficiency can be increased by 0.6%, the output cannot be achieved, and it will not be the ultimate cost reduction and efficiency increase, right?
The company said that topcon is bound to Longi, but Longi’s Xi’an production capacity has been slow to land, and the laboratory data is also difficult to convince people. If the data is okay, why has Longi delayed in pushing capacity planning? The company said that the entire line of hjt equipment can be done, but Is there currently only an order for cleaning equipment? Please answer positively from the company.
A: Hello!
Ways to reduce costs and increase efficiency include but are not limited to reducing equipment investment costs, expanding production capacity, and improving conversion efficiency. This has always been the company's goal.
For LONGi's capacity planning and progress, please pay attention to its relevant disclosures. Please pay attention to the company's relevant disclosure information for the company's heterogeneous orders.
Q: The company's equipment on the new energy track is too single. Once the performance fluctuates greatly due to external influences, please increase the long-term development of the company. Don't always take the route of photovoltaic equipment. The acquisition of lithium mines and the acquisition of resources are also a good way for the company's layout. One, why the company has not acted?
A: Thank you for your suggestions. Based on the field of photovoltaic equipment, the company is deeply engaged in the research and development and industrialization of high-efficiency new battery technology and equipment, and at the same time actively explores the field of semiconductor equipment and new display equipment.
In the field of photovoltaic equipment, actively deploy a complete set of new high-efficiency battery technologies such as PERC+, TOPCon, HJT, and provide turnkey engineering solutions.In new fields such as semiconductors and new displays, the company will use basic equipment as an entry point, and take advantage of existing technical advantages such as cleaning equipment, doping equipment, coating equipment (CVD, PVD, RPD, MOCVD, etc.), and automation equipment. Cut into new areas and improve the market recognition of equipment. Thanks!
Q: Your company has a market share of more than 50% in the PERC technology market, and topcon was upgraded during the PERC upgrade. According to market news, topcon will gradually increase its volume in the fourth quarter and next year. Is your company cultivating the market at the same time Customer service progress to strengthen cooperation to further maintain market position? Please strengthen your company’s training for business personnel and equipment maintenance personnel. Don’t be complacent. You must have the spirit of opening up and expanding your territory, and go further in the wave of photovoltaic equipment upgrades, so as to maintain the company’s position in the market and give back shareholder. thanks.
A: Thank you for your attention and suggestions. The company has launched LPCVD and three-in-one tube PECVD in the TOPCON technology field, which can meet the different needs of customers. The company will continue to strengthen technological innovation, optimize the industrial structure, actively expand the market, improve management and service levels, in order to enhance the company's competitiveness and profitability, and return to shareholders.
Q: It is said that Jiejia's pecvd has not yet passed the demo stage, and it is only a prototype. Therefore, it needs to go through 2-3 quarters of demo in the product progress. After the product is improved, it will reach the mass production stage, but we all know that next year will be the equipment In the new year, won't you miss the opportunity of photovoltaic development with such efficiency?
A: Heterojunction tubular PECVD is currently undergoing technical matching in the pilot line and entering the mass production machine finalization stage. The relevant operation conditions are in line with the company's expectations. At the same time, customers are paying attention to the company's tubular PECVD operation.
Q: There are rumors in the market now that Jiejia has not won the bid for HJT equipment output at all. At present, they are still prototypes, even demos are not available, and mass production is even more difficult to talk about. Are the rumors true?
A: The company has independently researched and developed all the equipment and supporting automation equipment for the four processes of HJT. CAT-CVD, tubular PECVD and other equipment are currently being verified by customers or the company’s pilot line. Other equipment has been finalized by mass production machines, and This equipment has been sold. Tubular PECVD has also entered the finalizing stage of mass production machines.
Q: The upstream of Jiejia Weichuang is mainly parts and component manufacturers. Then, how much influence does the price of steel have on the company's profit?
A: The increase in the price of raw materials from upstream suppliers has a controllable impact on the company's profits. The company controls costs through measures such as batch procurement, optimizing product structure, and domestic substitution. Thanks!
(Editor in charge: Xiao Bei)
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