Development of Jiangyin Junxin Technology Co., Ltd.

Xunxin technology always regards the team spirit of pursuing sincere cooperation as the basic requirement for the harmonious and pragmatic development of enterprises; Emphasize the common growth of employees and enterprises, and realize the planning and development goals of Xunxin Technology; Adhere to innovation and reform, and maintain the passion of employees and the vitality of the team. Establish the management concept of "creating first creates people", and strive to create a vibrant green, environmentally friendly, healthy and young enterprise development platform.

Looking forward to the future, Xunxin people will continue to pursue the enterprise spirit of "high efficiency, honesty, harmony and innovation", and continue to adhere to the corporate mission of "picking infinite light and writing a green chapter" to realize the sustainable development of enterprises in the international and domestic market competition. The company is willing to establish more extensive cooperation with friends and colleagues from all walks of life at home and abroad, and make new contributions to the continuous development of photovoltaic industry in China.

Jiangyin Junxin Technology Co., Ltd. is a well-known manufacturer and seller of photovoltaic solar power generation products and components in China, with diversified production and operation capabilities such as silicon wafer cutting, photovoltaic solar energy production and photovoltaic components. Xunxin Technology is the earliest enterprise engaged in the field of solar photovoltaic in Jiangyin, and it is also the only enterprise in Jiangyin engaged in silicon wafer cutting, battery production, component production and component terminal supply. It is also the only clean energy listed company in Jiangyin plate.

With rapid innovation and development as the mechanism, the company has formed a unique innovative spirit. From June 5438 to February 2005, the first 25 MW solar cell production line was successfully put into production. In 2006, the sales revenue of Junxin solar cells and components exceeded 400 million yuan, which realized the miracle from production to production in a short time and entered a high-yield and efficient production and marketing system. In 2007, the company's battery production capacity increased to 50MW, with annual sales exceeding 800 million yuan. At the same time, the company's solar cell module and silicon wafer cutting business are also included in the company's overall value chain. The company's battery capacity reaches 100MW, and the component capacity reaches 75 MW. From Changzhou to Jiangyin's husband's roadside, Jiangyin Junxin Technology Co., Ltd. stood quietly. The factory is quiet and orderly, and there is no sign that the industry is in full swing to increase capital and expand production. Only the solar cells used for street lamp power generation on the main road of the factory indicate that the enterprise is at the forefront of photovoltaic industry. Just do what you do best.

Xunxin Technology was established in 2004, initially involved in solar cells in the photovoltaic industry chain, and then expanded to back-end component production and photovoltaic engineering. It was listed in London in 2007, and its business has been kept simple, and it has never expanded to the upstream silicon processing. Junxin technology solar cell capacity 100 MW, module capacity 50 MW. In the first half of 2008, sales increased by 160% compared with the same period of last year, and net profit increased by 252%.

Most enterprises in this industry are striving to explore the great cause of industrial chain, from silicon material processing, silicon rod stretching, silicon wafer cutting, battery manufacturing, component integration to system installation, which is called "vertical integration" of industrial chain-of course, the industrial model of "two ends outside" of silicon raw materials and market will not change.

This vertically integrated industrial chain has been proved to be successful by Norwegian and Japanese enterprises in the photovoltaic industry. Its biggest advantage is that it is closer to the source of raw material supply, thus alleviating the extrusion and constraints at both ends of the industry. However, CEO Gary King does not intend to go this way. "We only do what we have an advantage." He said. Because there are too many upstream enterprises in the industrial chain, more than 30 enterprises have put into production silicon processing, polycrystalline casting and single crystal rod forming and drawing. Even if these enterprises only cash in half of their future production capacity, their supply will double the demand of downstream solar cell enterprises.

"There is no need to spend such a big investment. There are enough suppliers to choose from now. " More importantly, fierce competition will inevitably lead to competitive price reduction in the long run, Gelikin said. It is understood that the price of upstream silicon wafers has been declining. The market purchase price was still RMB in 58 yuan on October 5th, 65438/kloc-0, but it had dropped to 5 1 yuan on June 5th, 8, with a drop of over 10%, and the average daily drop was between 0.5 yuan-1 yuan. Such a price reduction rate and speed changed the inventory system of Junxin Technology, and only "hoarded" silicon materials for less than two days. When materials are tight, the inventory cycle should be at least 10 days.

In fact, Junxin Technology is also at the forefront of fierce competition. Its core solar cell R&D and production is a part with high bottleneck but relatively high profit in the whole industrial chain, so the leading enterprises in the industry are mostly concentrated here. Gailijin has worked in Wuxi Little Swan for a long time, and has been baptized by fierce competition in the home appliance industry for many years. The intensity is beyond the imagination of the photovoltaic industry. Because of this experience, Gree Jin believes that the final decision of the market should be made by consumers rather than raw materials-the photovoltaic industry is no exception. Expanding to the market sales end downstream of the industrial chain is not only what Gelijin is good at, but also the direction that Junxin Technology should take.

Go to the final market

The biggest market is in Europe.

Since the late 1990s, the EU has been striving to increase the proportion of renewable energy to 65,438+02%. It has also become the focus of China's photovoltaic industry, rapidly expanding its production capacity with the help of capital. Especially in Germany, in 2004, Germany began to vigorously promote the provisions of the new energy law and gave considerable government subsidies to solar power generation. The market growth in that year reached 235%.

That year, Xunxin Technology was just established, but the development direction has been established-using the current global demand to continuously establish and expand loyal customer groups; At the same time, we will strive to expand the construction of sales and distribution channels in the fast-growing overseas market. In July 2007, Junxin Technology chose to go public in London. This is to be closer to customers and is of great benefit to the expansion of its brand in the European market. The company's report for the first half of 2008 shows that more than 865,438+0% of its products are sold to the European market, of which about 50% customers are in Germany and 20% customers are in Spain. The good news is that the average sales price has increased by 5.4% year-on-year.

Not just sales. As early as June 5438+ 10, 2007, a company named Junxin Technology (Europe) was established three months after its listing in Switzerland. Xunxin Technology can appear as a European company, weakening the shadow of "Made in China" behind the brand, and is also conducive to further expanding its business, from photovoltaic manufacturers to solar power station operators and photovoltaic system solution providers.

Junxin Technology has built 1 1 small and medium-sized solar power stations in Germany and Spain. This localized operation mode shortens the gap with local companies and can make better use of domestic mature industrial chain resources. Building a solar power station is a profitable job. In the words of insiders, the price of moving photovoltaic modules to the roof may be as expensive as the price of manufacturing modules. Government subsidies are closely followed, and about 60% of the cost can be digested in government subsidies.

Deutsche Bank's latest research report agrees with this approach. The report said that it is very important for the industrial chain to extend downward after the supply of polysilicon exceeds demand. Companies with vertical integration from batteries to systems and even power supply are least affected by the industrial shock period, and it seems that selling photovoltaic power generation in the future will have better returns than selling photovoltaic components and systems.

"What we have to do is' Made in China, sold in the world'." Gary king said with a smile. Xunxin technology tends to cooperate directly with installers, or participate in shares or sign long-term sales contracts to lock in the market. Gree Gold is already considering transferring the installation of components to overseas markets and setting up a local company. It is possible to achieve "Made in Europe" in the future, and completely solve the problem that local policies are more inclined to local companies-and the import tax on spare parts is 10% as finished products.