Yamaton photovoltaic glass production capacity will increase 2.8 times next year, signing a 2.1 billion

On November 18, Yamaton (002623.SZ) said,At present, the production capacity of photovoltaic glass is about 40 million square meters per year. After the completion of the fixed-addition project next year, the total production capacity will increase to about 150 million square meters.Which also means, sub Marton photovoltaic glass capacity will increase 2.8 times next year.

On August 22, Yamaton raised no more than 1 billion yuan to be used for intelligent deep processing construction of large-size, high-power ultra-thin photovoltaic glassMoreover, recently, Yamaton and Trina solar energy signed a sales contract of about 2.1 billion yuan for photovoltaic glass, so as to stabilize the supply chain of raw materials and reduce the production risk brought to the enterprise by the price fluctuation of raw materials for photovoltaic modules.

On November 18, Yamaton introduced that photovoltaic glass has become the biggest supply shortage in the industry chain at present, and the price has risen sharply at the same time and demand exceeds supply. Therefore, the company's order volume is sufficient.The company is the first in China to use physical toughening technology to mass produce less than 2.0mm ultra-thin physical tempered glass. The company's current orders are 2.0mm glass, accounting for about 80%.

The analysis agency predicts that with the approval of the downstream applications for the generation gain of double-sided components and the gradual optimization of installation methods, the application scale of double-sided generation components will continue to expand.Double-sided modules accounted for 14% in 2019, and the China Photovoltaic Industry Association estimated that it could be close to 60% in 2025. The proportion of double-sided modules has been greatly increased, driving the demand for upstream photovoltaic glass.

Pv glass prices have been rising since September, reflecting strong demand at the downstream end of PV modules. Due to the tight supply of PV glass in the current market, driven by strong demand, pv glass prices are expected to remain high in 2021, which is expected to further boost Yamaton's profits in 2020 and 2021.

"The photovoltaic glass sales contract signed by Yamaton and Trina is a daily purchase for Trina." Yamaton insiders said that since the price of photovoltaic glass in the third quarter of this year, as a component manufacturer of trina solar, and upstream raw material manufacturers have reached some deep cooperation agreements; It is mainly to stabilize the supply chain of raw materials and reduce the production risk brought by the price fluctuation of raw materials for photovoltaic modules.

Yamaton said that the signing of this contract is conducive to the company's ≤2.0mm ultrathin physical tempered glass products market promotion, enhance the company's ultrathin physical tempered glass products brand influence and core competitiveness, and will have a positive impact on the company's future business performance.