TJ(SH:600667)2023-04-26 16:00Photovoltaic Industry Growth - In 2022, China's photovoltaic industry added 87.41GW of new installed capacity, representing a year-on-year growth of 59.3%[3] - The global photovoltaic market saw an addition of 230GW in 2022, with a year-on-year increase of 35.3%[3] - The forecast for new installed capacity in China for 2023 is expected to reach between 95GW and 120GW[14] - The global annual new installed capacity is projected to be between 280GW and 330GW in 2023[3] - The distributed photovoltaic segment in China experienced a remarkable growth of 74.5% in 2022, adding 51.1GW[3] Financial Performance - The total revenue from electricity sales across various photovoltaic stations amounted to approximately -242.12 million RMB in 2022[5] - As of December 31, 2022, the total assets of Haitai Semiconductor amounted to CNY 3,625,425,777.68, with a net asset value of CNY 1,699,498,264.83, and a revenue of CNY 3,903,159,701.53 for the year, resulting in a net profit of CNY 200,704,491.01[27] - Taiji Semiconductor reported total assets of CNY 990,478,306.88 and net assets of CNY 519,547,883.97 as of December 31, 2022, with annual revenue of CNY 761,666,639.45 and a net profit of CNY 3,748,293.91[27] - Wuxi Taiji International Trade Co., Ltd. achieved revenue of CNY 166,451,756.90 and a net profit of CNY 2,838,046.87 for the year 2022[28] Strategic Initiatives - The company aims to enhance operational efficiency and reduce project construction costs through improved supply chain management[14] - The company emphasizes enhancing strategic collaboration, overall control, and core competitiveness across its business segments to align with the overall development strategy[34] - The company is focused on expanding its market presence through new projects and strategic partnerships in the renewable energy sector[94] Project Management and Development - The company completed 25 projects with a total amount of 4,582,418,000 yuan, as disclosed on the Shanghai Stock Exchange[60] - The Longxin 12-inch memory wafer manufacturing base project has a total investment of 629,530,000 yuan, with a completion rate of 97% and recognized revenue of 24,403,010 yuan for the current period[61] - The Inner Mongolia Zhonghuan renewable energy project for monocrystalline silicon materials has a total investment of 104,432,120 yuan, with a completion rate of 93% and recognized revenue of 1,234,090 yuan for the current period[61] - The National Storage Base Project (Phase I) has a total investment of 383,201,380 yuan, with a completion rate of 73% and recognized revenue of 176,271,180 yuan for the current period[61] Environmental and Compliance Efforts - The company has been actively involved in environmental protection initiatives, ensuring compliance and improvement in operational practices[144] - The company has invested CNY 453.45 million in environmental protection by its subsidiary Haitai Semiconductor and CNY 725 million by Taiji Semiconductor during the reporting period[140] - Haitai Semiconductor's wastewater treatment capacity is 300 m³/h, with 1,181,700 tons treated in 2022[116] Governance and Risk Management - The company is committed to improving its internal control system and risk management to address various operational risks, including reliance on single customers in the semiconductor business[38] - The company has received regulatory warnings from the China Securities Regulatory Commission and the Shanghai Stock Exchange, emphasizing the need for improved compliance awareness[99] - The company has proposed a new board of directors, with candidates including independent directors to enhance governance[77] Research and Development - The company has a strong focus on research and development in carbon reduction technologies and renewable energy solutions[55] - The company plans to invest approximately CNY 37,752 million in technology renovation projects, with CNY 26,427 million already completed by the end of the reporting period[135] Compensation and Performance Evaluation - The total pre-tax compensation for the company's directors, supervisors, and senior management in 2022 amounted to 9.0532 million yuan[71] - The board of directors has established a performance evaluation mechanism for senior management, linking their compensation to the company's performance and growth[85]