TONGWEI CO.,LTD(SH:600438)2024-10-10 07:35Group 1: Company Operations and Developments - The company is currently conducting due diligence for the acquisition of Runyang, with progress ongoing and awaiting regulatory approval [2] - As of the end of August, the average power of HJT components reached 744.3W, with the highest single component power at 748.1W, achieving a 99% A-grade rate [2] - The company’s new 200,000-ton high-purity silicon project in Inner Mongolia is expected to begin trial operations by the end of September [3] Group 2: Market Outlook and Pricing - Short-term polysilicon prices are expected to stabilize, with a slight rebound observed after a period of stability, influenced by supply-demand dynamics and cost changes [3] - The listing of polysilicon futures is anticipated to have a profound impact on the market, enhancing pricing efficiency and providing risk management tools for companies [3] - The company expects continued growth in global photovoltaic installation demand, particularly in emerging markets like the Middle East and South Africa [4] Group 3: Financial and Investment Insights - The company maintains a stable loan credit limit with banks, focusing on supporting leading enterprises with technological advantages and sound financial health [4] - Capital expenditure plans will be aligned with the company's strategic planning and market conditions [4] Group 4: Sales Performance and Market Expansion - In 2023, the company’s component sales volume reached 31.11GW, a year-on-year increase of 292.08%, entering the global top five for the first time [5] - The company has developed significant overseas markets, including South Africa and the Middle East, and secured major orders from well-known clients [5]