Aiko Solar Predicts Net Profit of 540 Million – 620 Million Yuan in H1 2022

PVTIME – Shanghai Aiko Solar Energy Co., Ltd. (600732.SH) disclosed a performance forecast on July 15. It is expected a net profit attributable to owners of the parent company in the first half of 2022 to be 540 million to 620 million yuan. Compared with the same period of the previous year, it will turn losses into wins.

The company stated that the main reasons for the performance prediction are the growth of sales volume for photovoltaic solar cells and the continuous increase in sales prices due to huge demand from the global new energy industry in reporting period.

Meanwhile, The production structure was optimized as the company upgraded its production lines in the H1 2022 to produce 182mm large-size solar cell which were 166mm ones, in order to meet the market demand for large-size solar cells. And the sales of its large-size has gradually increased during the first half of 2022, thus the revenue has increased significantly compared with that in last year.

Furthermore, the company’s production cost has decreased while the capacity utilization rate has increased significantly compared with the same period of last year.