PVTIME – On April 26, Tianjin Zhonghuan Semiconductor Co., Ltd. (002129.SZ) announced its 2021 annual and Q1 2022 performance reports.
In the reporting period of 2021, Zhonghuan achieved operating income of 41.105 billion yuan, a year-on-year increase of 115.7%. Its net profit reached 4.435 billion yuan, a year-on-year increase of 200.58%. The net profit attributable to the parent was 4.03 billion yuan, a year-on-year increase of 270.03%. The company’s total assets were 77.979 billion yuan, an increase of 32.8% from the beginning of the period.
In 2021, the revenue of the company’s photovoltaic materials business was 31.797 billion yuan, a year-on-year increase of 124.54%, and the scale of production and sales increased by 45%. Its photovoltaic module business reached a revenue of 6.119 billion yuan, a year-on-year increase of 129.32%, and its scale of production and sales increased by 120%. The revenue of the semiconductor material business was 2.034 billion yuan, a year-on-year increase of 50.61%. And the delivery volume of its 8-12-inch polished wafers and epitaxial wafers increased by 114% year over year.
In the first quarter of 2022, Zhonghuan achieved an operating income of 13.368 billion yuan, increasing 79.13% year over year. Its net profit attributable to the parent was 1.311 billion yuan, a year-on-year increase of 142.08%. The total assets of the company reached 80.632 billion yuan, an increase of 3.09% compared with the beginning of the reporting period.
Zhonghuan stated that semiconductor and photovoltaic, which are two of its main business, are expected to usher in higher level with many new opportunities and rapid development. The company would like to improve its performance and efficiency, giving full play to its technological and innovation advantages, to gain profit for the company as well as customers.
