energyNP.com   Tel 9851-091-900 Email energyNP@hotmail.com
Menu

 
 
News  
Back to energy news list >>>
 

 
 
 Air Conditioner
 Battery
 Charger
 Cold Storage Room
 Electric Power Tools
 Electric Water Heater
 Garbage Disposal
 Station
 Generator
 Inverter
 Power Supply
 Rectifiers
 Self Priming Pump
 Solar Energy
 Solar Water Heater
 Transformer
 UPS
 Voltage Stabilizer
 Wind Energy
 
  Jolywood’s sales and profits rebound in Q2 as TOPcon shipments increase

PV module and major backsheet manufacturer, Jolywood (Suzhou) Sunwatt Co, reported a strong rebound in revenue and profits in the second quarter of 2019, with first half year results tempered by a weak first quarter.

The company publicly issued a convertible corporate bond in the first half of 2019 to raise funds for the company's planned annual production output of 1.5GW of n-type mono TOPCON bifacial cells. Image: Jolywood

Jolywood reported second quarter 2019 revenue of over RMB 766.7 million (US$111.4 million), compared to RMB 391.6 million in the first quarter of 2019. However, first half year revenue reached RMB 1,158 million (US$168.3 million), a 4.4% decline from the prior year period, primarily due to lower ASPs.

Jolywood reported second quarter 2019 revenue of over RMB 766.7 million (US$111.4 million), compared to RMB 391.6 million in the first quarter of 2019.

Backsheet product revenue in the first half of 2019, reached RMB 598.6 million (US$87 million), up from RMB 438.7 million in the prior year period. New product sales such as transparent backsheet for bifacial PV modules and overall increased demand from a stable customer base, contributed to the revenue rebound from the first quarter of 2019.

High-efficiency n-Type cells and module revenue in the reporting period topped RMB 537 million (US$78 million), up from RMB 376.6 million in the first half of 2018. The increase was primarily due to higher production levels as new lines ramped, primarily for its TOPcon cells. Total monocrystalline cell shipments totalled 291.5MW in the reporting period. The company also added several new customers in the period, which included Jinko Energy and Sharp.

At SNEC 2019, the company and Shanghai Electric signed a 320MW n-Type high-efficiency module supply agreement for projects in Dubai, which are expected to be delivered in the second half of 2020 and early 2022. Jolywood also secured a deal to supply Marubeni Corporation in Oman with 125MW of modules.

Jolywood reported second quarter 2019 net profit of RMB 85 million (US$12.3 million), compared to RMB 27.8 million in the first quarter of 2019.

Jolywood reported second quarter 2019 net profit of RMB 85 million (US$12.3 million), compared to RMB 27.8 million in the first quarter of 2019.

Net profit in the reporting period was RMB 112.9 million (16.4 million), compared to RMB 66.3 million in the prior year period, a 70% increase.

The company said that operating and R&D costs were lower in the reporting period, while accounts receivables increased by 12.4%.

Net profit margins in the first half of 2019, improved to 9.7%, up from full-year 2018 margins of 4.6%.

Net profit margins in the first half of 2019, improved to 9.7%, up from full-year 2018 margins of 4.6%.

Manufacturing update

The company publicly issued a convertible corporate bond in the first half of 2019 to raise funds for the company's planned annual production output of 1.5GW of n-type mono TOPCON bifacial cells.

The company has launched TOPCon modules with 7 busbar, high-efficiency half-cut cells with power outputs of 440Wp and above. TOPcon cell conversion efficiencies had reached 23.36% in the reporting period.

[July 23, 2019 / pv-tech.org]   
 
 
Voltage Stabilizer Nepal Kathmandu
 
Solar Water Heater Nepal Kathmandu
 
Electric Water Heater Nepal Kathmandu
 
Battery Charger Nepal Kathmandu
 
UPS Nepal Kathmandu
 
Complete Power Solution
 
Motio Sensor Wall Solar Light
 
Motio Sensor Wall Solar Light
 
 
 
 
Solar Water Heater Nepal Kathmandu Solar Energy Nepal Kathmandu Wind Power Nepal Kathmandu Power Generator Nepal Kathmandu Voltage Stabilizer Nepal Kathmandu Transformer Nepal Kathmandu AirConditioner Nepal Kathmandu Battery Nepal Kathmandu UPS System Nepal Kathmandu Rectifier Nepal Kathmandu
 
 
Link: The Official Portal of Goverment of Nepal Nepal Electricity Authority Nepal Alternative Energy Promotion Centre Nepal Telecom Nepal Department of Agriculture Nepal Department of Industry wow Nepal! Nepal Global Buying SIMONES Industries|Nepal Power Solution
  Nepal Goverment Nepal Electricity Authority Nepal Alternative Energy Promotion Centre Nepal Telecom Nepal Department of Agriculture Nepal Department of Industry wow-Nepal | Nepal Global Buying SIMONES Industries |Nepal Power Solution
 
Fair: Investment Summit Nepal Himalayan Hydro Expo Nepal Kathmandu China International Import Expo China Import and Export Fair China-South Asia Exposition Guangzhou Int’l Refrigeration, Air-Condition, Ventilation, Air-Improving Equipment Exhibition Guangzhou International Solar Photovoltaic Exhibition Asia Battery Sourcing Fair
  Investment Summit Nepal Himalayan Hydro Expo Nepal China International Import Expo China Import and Export Fair China-South Asia Exposition Int'l Refrigeration, Air-Condition Fair Int'l Solar Photovoltaic Exhibition Asia Battery Sourcing Fair
 
Copyright @ 2014 All right reserved. Simones Industries