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打新直播間 | 衝刺創業板IPO,潤陽股份能否在光伏電池片的變革中突圍?
格隆匯 04-06 17:38

在當前能源轉型背景下,平價時代的光伏進入發展快車道,預計未來5年光伏有望維持年均20%-25%的複合增速增長。作為光伏發電系統的核心部件,太陽能電池片產業規模同步擴大。根據工信部數據,2021年我國太陽能電池片產量198GW,同比增長46.90%。

江蘇潤陽新能源科技股份有限公司(以下簡稱“潤陽股份”)成立於2013年5月10日,是行業領先的太陽能電池片製造商。自創立以來,公司專注於高效太陽能電池片的研發和生產。2017年9月,子公司江蘇潤陽悦達光伏科技有限公司成立,專門從事電池片的生產。2018年3月及2019年5月,潤陽悦達一期2GW、二期3GW高效電池先後順利投產。2020年8月,建湖首片電池片順利下線。當前,公司單晶PERC電池片產能達到21GW,具備182mm及以上大尺寸電池片的生產能力,獲得市場高度認可和良好的業界口碑。

2019年-2021年,潤陽股份實現營收30.26億元、47.98億元、106.17億元,歸屬於母公司所有者的淨利潤為2.43億元、5.13億元、4.86億元。

其主營業務太陽能電池片佔總營收超99%,主要產品為高效單晶PERC電池片,包含166mm、182mm、210mm等市場主流尺寸。根據PV InfoLink統計,2020年和2021年公司太陽能電池片銷量均位居全球第三名,僅次於通威股份和愛旭股份。

本次募投項目,潤陽股份一是佈局上游原材料多晶硅業務,延伸產業鏈;二是N型電池技術升級。公司擬在江蘇省鹽城市建設年產5GW異質結電池片生產項目,還將於2022年下半年建成10GW TOPCon電池生產線。

作為下一代電池技術,TOPCon和異質結電池具有更高的光電轉換效率及長期穩定性。2021年N型單晶硅片市場佔比約4.1%。CPIA預測2022年N型電池(TOPCon、異質結電池)佔比有望提升至13.4%。隨着供應鏈配套以及生產工藝的陸續成熟,新一代技術的電池片性價比將會進一步提高,市場份額有望持續提升。

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