Jolywood(SZ:300393)2022-11-21 15:46Group 1: Company Overview and Production Capacity - Suzhou Zhonglai Photovoltaic New Materials Co., Ltd. is advancing its TOPCon battery technology, upgrading from TOPCon1.0 to TOPCon2.0, which has fewer processes, lower costs, and higher efficiency potential [1] - The company has ongoing TOPCon battery production capacity projects, including 1.5GW in Taizhou and 16GW in Shanxi [2] - The Taizhou 1.5GW project is set to gradually commence production in October 2021, while the Shanxi 16GW project is in the construction and equipment procurement phase, with the first phase of 8GW expected to start production next year [2] Group 2: Financial and Operational Insights - The estimated investment for a single GW of TOPCon battery capacity is around 200 million yuan, with measures in place to reduce silver paste consumption and explore alternative materials [2] - The company’s backsheet business has an annual production capacity of 170 million square meters, with a gross margin of 18.58% in the first half of the year [3] - Rising raw material costs, particularly for PVDF resin, have impacted backsheet product costs, but the company's FFC coated backsheet products remain competitively priced [3] Group 3: Regulatory and Market Conditions - The "dual control" energy policy has been managed through proactive communication with local governments, ensuring normal electricity supply for production [2] - The company is currently coordinating with intermediaries to respond to the Shenzhen Stock Exchange's inquiries regarding its private placement project, with updates expected after the Q3 report on October 27 [3]