Net Profit of J.S. Corrugating Machinery Increases by 31.7% in H1 2022

PVTIME – J.S. Corrugating Machinery Co., Ltd. (000821.SZ) released its semi-annual report on August 19. Its financial data shown that the operating income of the company in the first half of the year was 2.292 billion yuan, a year-on-year increase of 17.23%. The net profit was 148 million yuan, a year-on-year increase of 31.7%. Its basic earnings per share were 0.24 yuan, a year-on-year increase of 14.29%.

The report pointed that the core business of the company is photovoltaic intelligent equipment business, accounting for more that 60% of its revenue, which is crucial for its development. Its photovoltaic intelligent equipment business achieved an operating income of 1.531 billion yuan, a year-on-year increase of 53.21% during the reporting period. What is more, the company had 4.156 billion yuan (tax included) of orders in hand as of June 30, 2022, a year-on-year increase of 37.61%.

In terms of cell equipment business, the company mainly engaged in solar cell technologies include that of perovskite, TOPCon and HJT. And its first two-in-one coating equipment for TOPCon cell has been successfully delivered during the reporting period.