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国晟科技: 关于2024年年度报告的信息披露监管问询函的回复公告

Core Viewpoint - The company, Guosheng Technology, reported significant revenue growth in its photovoltaic business but faced a substantial decline in gross margin due to competitive pressures and falling prices in the solar industry [1][6][10]. Group 1: Financial Performance - The company achieved total revenue of 2.094 billion yuan, with photovoltaic business revenue reaching 1.964 billion yuan, a year-on-year increase of 113.12% [1]. - The gross margin for the photovoltaic business was -0.50%, a decrease of 16.90 percentage points year-on-year [1]. - Revenue from photovoltaic modules and battery business was 1.908 billion yuan, up 125.03% year-on-year, while the gross margin was -0.82%, down 14.88 percentage points [1][10]. Group 2: Market Conditions - The photovoltaic industry is experiencing severe competition, leading to irrational pricing and significant losses across the supply chain [7][8]. - The prices of key raw materials, particularly silicon wafers, have seen drastic declines, impacting the pricing of photovoltaic products [6][7]. - The market for photovoltaic products is characterized by structural oversupply, with global demand still strong but supply exceeding 1,100 GW against 600 GW of new installations [8][10]. Group 3: Contractual Details - The company has secured major contracts with state-owned enterprises, including a 539 million yuan contract for a 400 MW offshore photovoltaic project and a 749 million yuan contract for a 600 MW salt-light complementary photovoltaic project [10]. - The contracts were primarily obtained through bidding and business negotiations, with no related party transactions involved [4][10]. Group 4: Price Trends - The price of monocrystalline P-type silicon wafers dropped from 4.43 yuan per piece in January 2023 to 1.15 yuan per piece by December 2024, a decrease of 74.04% [6]. - The price of PERC battery cells fell from 0.85 yuan per watt in January 2023 to 0.275 yuan per watt by December 2024, a decline of 67.65% [6][7].