钧达股份将在土耳其建设5GW电池基地，阿曼基地预计今年年底建成投产

Core Viewpoint - JunDa Co., Ltd. is expanding its production capacity overseas, particularly in Turkey, to meet the growing demand for photovoltaic batteries in the global market, despite facing significant losses in recent quarters [1][3]. Group 1: Production Capacity and Sales - By the end of 2024, JunDa Co., Ltd. will have a production capacity of 44GW for N-type TOPCon batteries, with P-type capacity fully impaired by the end of 2023 (impairment amounting to 890 million yuan) [1][3]. - The company shipped 33.74GW of battery products, with over 90% being N-type, representing a year-on-year growth of 50.58% [1][3]. Group 2: Overseas Expansion Plans - JunDa Co., Ltd. has signed a strategic cooperation agreement with Turkish renewable energy company Schmid Pekintaş Energy to jointly build a 5GW N-type high-efficiency photovoltaic battery production base in Turkey [1]. - The decision to establish production capacity in Turkey is based on a comprehensive assessment of the country's fiscal policies, trade conditions, and resource availability, aiming to satisfy the demand in Turkey, Europe, and other global markets [1]. - The company is also advancing a photovoltaic battery project in Oman, with plans to complete a 5GW high-efficiency battery capacity by the end of 2025 [2]. Group 3: Market Dynamics and Financial Performance - Turkey's component production capacity has surpassed 15GW, ranking first in Europe, but there is a significant shortage in battery production due to high technical barriers and talent requirements [2]. - JunDa Co., Ltd. has seen a substantial increase in overseas sales, with 23.85% of sales coming from international markets in 2024, a significant rise from 4.69% in 2023, and further growth to 58% in the first quarter of 2025 [2]. - Despite strategic expansions, the company reported a net loss of approximately 600 million yuan in 2024 and continued to incur losses in the first quarter of 2025, with a net loss of 106 million yuan, marking the fourth consecutive quarter of losses [3].