ZHONGLI GROUP(SZ:002309)2022-11-22 02:54Group 1: Company Overview - Jiangsu Zhongli Group Co., Ltd. was established in 2009 and is headquartered in Changshu, Jiangsu. The company operates in two main sectors: photovoltaic (PV) and specialty cables [3]. - The PV sector focuses on the research, production, and sales of monocrystalline high-efficiency solar cells and modules, as well as the construction of solar power plants, with a cumulative self-built solar power project exceeding 7 GW globally [3]. Group 2: Production Capacity and Expansion - The company plans to expand its production capacity to 5 GW for both solar cells and modules, with the first phase of the Shandong Tenghui production base already achieving full production [5]. - By the end of 2021, significant increases in production capacity for solar cells and modules are expected due to ongoing new, expanded, and renovated projects [5]. Group 3: Key Products - The Kirin module, launched in 2020, has a maximum power output of 600W and aims to reduce the levelized cost of electricity (LCOE). It features excellent performance in terms of PID resistance, low LID, and LeTID degradation [5]. - The company is set to achieve large-scale production of the 182 Kirin module in 2021, supported by various new and expanded projects [5]. Group 4: Strategic Partnerships - The company has formed strategic partnerships to leverage resources and enhance market presence in both domestic and international PV markets, contributing to national carbon neutrality goals [5][7]. Group 5: Specialty Cables Sector - The specialty cables sector has expanded its production capacity for 5G optical-electrical hybrid cables to over 150,000 kilometers annually, with the production line operational since early 2021 [7]. - The demand for 5G cables is expected to grow rapidly, driven by national strategies and the ongoing pandemic recovery, which will further enhance the overall development of the specialty cables sector [7]. Group 6: Customer Base - The main customers for the PV business include domestic and international solar power plant investors, engineering contractors, and distributors of distributed solar systems [7]. - The specialty cables business serves major telecommunications companies and electric vehicle manufacturers, among others, with a focus on applications in 5G base station construction and energy storage systems [7]. Group 7: Future Development Plans - The company aims to maintain its strategic focus on existing PV and specialty cable businesses while expanding its international market share and solidifying its position in the domestic PV market [8]. - The company plans to leverage its brand advantages in the 5G cable sector to achieve market leadership in various downstream applications, including electric vehicles, data servers, and industrial control equipment [8].