TOPRAYSOLAR(SZ:002218)2022-12-06 23:44Group 1: Company Overview - Shenzhen Topray Solar Co., Ltd. has five major production bases located in Shaanxi, Sichuan, Shenzhen, Xinjiang, and Qinghai [2][3] - The company focuses on different solar technologies: Shaanxi on amorphous silicon, Xinjiang on crystalline silicon module packaging, and Shenzhen on R&D and production of solar applications [3][4] - The Qinghai base is expected to commence production by the end of the year [4] Group 2: Production and Sales - The company has established solar module packaging production lines at all five bases to meet domestic and international demand, reducing transportation costs [3][4] - By the end of the year, the company anticipates a production capacity of 1 GW for modules and 500 MW for solar cells [4] - The company has seen a significant increase in sales volume due to favorable national photovoltaic subsidy policies [4][5] Group 3: Cost Management - The company employs a bidding process for material procurement, resulting in a 10% to 20% reduction in overall procurement costs compared to the previous year [4][5] - The supply of materials is currently sufficient, and the company is adjusting production levels based on market orders [4] Group 4: Product Focus - The company produces both monocrystalline and polycrystalline solar cells and modules, with a current focus on polycrystalline production due to market demand [5][6] - Products are sold in 80 countries, including 33 well-known international supermarket chains [6] Group 5: Financial Health and Market Expansion - The company maintains a stable financial condition and is actively exploring financing channels, including support from policy banks [5][6] - Plans for market expansion include developing markets in India, Africa, and South America while increasing sales efforts in Eastern, Central, and Southern China [6]