19 Years Focus on OEM & ODM of Solar Charge Controllers and Off-grid Solar Energy System
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19 Years Focus on OEM & ODM of Solar Charge Controllers and Off-grid Solar Energy System
The photovoltaic industry is undergoing a revolution, officially entering a new phase known as the "N Era." In this era, N-type silicon materials are rapidly gaining market advantages due to their high conversion efficiency and excellent reliability. In 2024, the large-scale production of low-cost N-type silicon materials has become a new focal point of industry competition and a key indicator for the survival and development of enterprises.
As a leading enterprise in the research and development of high-purity polysilicon, Daqo New Energy is at the forefront of this transformation. The company has successfully put into operation a 100,000-ton high-purity polysilicon project, further consolidating its leading position in advanced production capacity. Despite fluctuations in the industry environment, Daqo New Energy achieved a net profit attributable to shareholders of 330 million yuan in the first quarter of 2024, demonstrating its strong risk resilience.
Daqo New Energy's Phase II project is progressing smoothly, with N-type polysilicon's production and sales volume exceeding 68% in the first quarter, reflecting its significant advantages in N-type technology. In May, the Phase II project of Inner Mongolia Daqo New Energy was put into operation, with product quality reaching the standard for N-type monocrystalline materials, laying a solid foundation for market expansion.
In 2024, Daqo New Energy will increase its high-purity polysilicon capacity to 305,000 tons, with product standards comprehensively upgraded to meet the high demand for monocrystalline silicon wafers and achieve electronic-grade high standards. This not only demonstrates the company's pursuit of quality but also indicates that its core position in the photovoltaic industry chain will be further enhanced.
Liu Yiyang, Deputy Secretary-General of the China Photovoltaic Industry Association, emphasizes that technological innovation is key to reducing costs and increasing efficiency. Daqo New Energy has also achieved remarkable results in this area, with unit cash costs reduced to 40.5 yuan per kilogram, while ensuring the stability and reliability of product quality.
In terms of market trends, N-type products are experiencing rapid growth. Data shows that in 2023, the proportion of N-type products in domestic module procurement significantly increased, marking N-type technology as the mainstream trend. Various enterprises are intensifying their investment in the research and development of N-type technology and production capacity to seize market opportunities.
With the intensification of global climate issues, green development has become a consensus. China's firm commitment to addressing climate change brings vast opportunities for the photovoltaic industry. Daqo New Energy will continue to adhere to its strategic planning, enhancing product efficiency and performance, and contributing to energy transition and carbon neutrality goals.
Against the backdrop of the photovoltaic industry entering the N Era, Daqo New Energy, with its leading technology and strong market layout, is poised to seize unprecedented development opportunities. In the future, with the further popularization of N-type silicon materials and continuous technological innovation, the photovoltaic industry is expected to usher in a more glorious chapter.
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