Weekly Report on Industrial Silicon Industry

Issue 2

Sichuan Nabi Silicon-based Materials Research Institute< /span>

February 18, 2022< /span>

  I. Macro

  (I) Economic Development

  1、[The volatility of the commodity market may exceed last year's "interest rate shock", especially should be vigilant] The Securities Times issued an article to alert the market players: under the "supply shock" caused by the supply bottleneck problem, commodity prices continued to soar However, inflation remains high, and advanced economies represented by the United States have also begun to gradually tighten their monetary policies. The commodity market should also be wary of the "interest rate shock" brought about by the tightening expectations of the US and European central banks. This year's commodity market Commodity markets are likely to be more volatile than last year.

  2, [State Council executive meeting clearly promotes steady growth and relief measures]: 2months14, the State Council executive meeting focused on “promoting steady growth of industrial economylong and service industry Relief development for industries with special difficulties”Clarify specific measures: p>

  (1) Increase tax reduction and exemption for special difficult industries such as catering, retail, tourism, transportation and passenger transportation, and continue and expand the scope of the local "six taxes and two fees" reduction and exemption policy To all small and low-profit businesses and individual businesses

 (2)do Good bulk commodity supply and stable price work

  (3)Increase the reduction and exemption of income tax for the industrial and service industries. This year, the new purchase value of small and medium-sized enterprises will be 5 million million Equipment and appliances above RMB 1,000 are depreciated for 3 years, a one-time tax deduction, and depreciation is 4 years, 5 years, 10 years deductible in half

 (4)people BankProvide incentive funds to support the increase of inclusive small and micro loans, etc., and promote the rapid growth of medium and long-term loans in the manufacturing industry

  (5) takes new infrastructure construction, energy saving and carbon reduction technology transformation in key areas as the Start by increasing investment to promote the strengthening of manufacturing chains and the reengineering of industrial bases.< /p>

Therefore, in the context of 3060, there are green and low-carbon technologies New industrial capacity projects with the theme of promotion and chain extension will be more easily supported by financial institutions.

  3、[The National Development and Reform Commission issued the Notice on Several Policies to Promote the Steady Growth of the Industrial Economy "]: The notice addresses the "shrinking demand, supply shocks and weakening expectations" that my country's macroeconomy faces in 2022, combined with the Standing Committee of the State Council clearly promoting stable growth and relief. The requirements for hardship measures have been clarified in terms of taxation, finance, factor supply guarantee, investment and foreign trade, etc. The details include:

  (1) continue to implement the tax reduction policy for small, medium and micro enterprises, Continue to implement phased reduction of unemploymentInsurance, work injuryInsuranceRate Policy

  (2) Through measures such as cutting interest rates, increasing medium and long-term loans, inclusive micro-credit loans, and special loans for green and low-carbon transformation, transfer profits to entities and promote economic transformation;

  (3) implement green development, integrate all differentiated electricity prices, Establish a unified tiered electricity price system for high-energy-consuming industries, and do not implement a price increase policy for enterprises that meet the energy efficiency standards;

  (4) Revolving around new infrastructure, energy-saving and carbon-reducing transformation of high-energy-consuming industries, Promote the construction of scenery bases in the desert and Gobi desert areas with special actions, and speed up the planning and investment projects;

  (5)Guarantee the supply of land for major projects included in the planning, support the implementation of "standard land" transfer of industrial land, and encourage the use of long-term leases, lease first and then lease, flexible term supply, etc. Supply of industrial land.

  (6)Do well to implement the policy that new renewable energy and raw material energy consumption are not included in the total energy consumption control policy; optimize the frequency of assessment, and make overall assessment of energy consumption intensity targets during the "14th Five-Year" planning period to avoid energy consumption indicators Completion progress limits the normal energy use of enterprises; implement the energy consumption policy for major national projects

  4、[National Bureau of Statistics: 1Month CPI up 0.9% YoY PPI up 9.1% YoY ] 2022 year 1, the national consumer price (CPI) rose 0.9% year-on-year; the national industrial producer price (PPI)Increased by 9.1% YoY, down 0.2% MoM; CPI is running at a low level and PPI is decreasing month-on-month, creating conditions for multiple combination strategies to stimulate the economy and prevent economic downturn.

  5、[Ministry of Commerce: The Chinese side is following CPTPPContact and negotiate with members about the accession procedure] According to the Ministry of Commerce, my country is evaluating the Comprehensive and Progressive Agreement for Trans-Pacific Partnership in a full, comprehensive and in-depth study(CPTPP), combined with its own needs for further expansion of development, it is in the process of contacting and negotiating with members in accordance with the relevant joining procedures of CPTPP.

  6、【Silicon Technology: Subsidiary acquires Anhui Sino to expand production capacity of silane coupling agent】Silicon Bao Technology announced on the evening of (300019)2month 17 that Anhui Silicon Treasure, a wholly-owned subsidiary of the company, plans to cash Acquired 100% equity of Anhui Sino Pharmaceutical Co., Ltd. Anhui Sibao's existing silane coupling agent production capacity is 6100tons/ years, which can no longer meet the growing demand. In order to meet the demand for orders, the company expanded the production capacity of the company's silane coupling agent products by integrating the production land adjacent to Anhui Sibao.

  (2) Element control

——no

  (3) Currency and Capital

——no

  (IV) Environmental protection and safety

  1, the State Council issued the "14th Five-Year" National Emergency Response System Plan, and the plan is based on "the status quo of "the weak foundation of safe production is difficult to fundamentally change in the short term, and the danger is dangerous". Traditional high-risk industries such as chemicals, mining, transportation, building construction and other traditional high-risk industries and fire protection fields are still outstanding” as the background, it is clear that in strengtheningAt the same time of system and mechanism construction, the strict implementation of "industry must be in charge of safety, business must be in charge of safety, production and operation must be in charge of safety" The main responsibility requirements of "hazardous chemicals, mining, industry and trade, transportation, construction and other industries" are listed as safe production In the key areas of law enforcement, put forward the “emergency management standard improvement action plan” and to formulate “hazardous chemicals, fireworks, mines, industrial Industrial Park Strict Security Access Management, based on the "Prohibition, Restriction and Control" catalogue of trade and other industries. At the same time, the “intrinsic safety improvement of chemical industry parks, enterprise classification management and rectification, illegal “small chemical industry”< /span>Remediation, management and control of major hazard sources, safety risk management and control of high-risk chemicals such as ammonium nitrate and high-risk processes such as fine chemicals, automation control, safety management of special operations, chemical transportation pipelines in urban areas, oil and gas stations, etc. flammable, explosive and highly toxic Facilities; chemical transportation, use and disposal" are listed as "the key to tackling the root causes of hazardous chemical safety production".

  2. The Middle View

  (1) Industry supply and demand

  1, [Zhichun Technology: The company's wafer regeneration was completed and put into production in the second half of last year, and downstream customers have strong demand] Zhichun Technology (603690) on the interactive platform Said that the company's wafer regeneration was completed and put into production in the second half of last year. At present, it has received orders from customers and is progressing steadily. At present, the price trend is relatively stable, and the demand from downstream customers is relatively strong.

 recycled waferIt is based on the wafer manufacturing process, which requires the use of control films and blanks to test the monitoring machine and process stability, because the new control film Due to the high price of blanks and blanks, fabs will regenerate the used blanks and blanks from the perspective of cost saving. Currently, RS, Zhongsha, Xin Yun, and Shengyang semi-assembled more than 80% of the global regenerated wafer production capacity.2018 Years later, the new domestic wafer material entrants GCL Integration and clean room supplier Zhichun Technology began to intervene in the field of wafer regeneration.

  2, Ministry of Industry and Information Technology The released data shows: 2021, the annual output of polysilicon, silicon wafers, cells, and modules of the national photovoltaic industry will reach 505,000tons, 227GW, 198GW , 182GW, a year-on-year increase of 27.5%, 40.6%, 46.9%, 46.1%. The battery efficiency reached a new high, and the mass production P type PERC battery efficiency reached 23.1%, N type TOPCon battery experimental efficiency breakthrough25.4%, the mass production of HJT batteries is accelerated.

  3, [ Jingyuntong: signed an equipment sales contract of 540 million yuan] Jingyuntong signed an equipment sales contract with Qujing Jingao Photovoltaic Technology Co., Ltd. The subject of this contract is flexible shaft automatic single crystal Furnace and single crystal growth control system, the contract value is 540 billion. Yunnan photovoltaic silicon production capacity continued to expand.

  (2) Technology and economy

——no

  (III) Industry development trend

  1、[Silicon Industry Branch of China Nonferrous Metals Association: The price of silicon material continued to rise slightly this week] According to Silicon Industry Branch of China Nonferrous Metals Association 2March 16, the price of silicon material continued to rise slightly this week, including single crystal re-feeding, single crystal dense material, single crystal cauliflower material The average transaction price increased by 0.1%-0.2%. This week, the price of silicon material continued to remain stable and slightly increased, mainly due to 2 In the month when the supply and demand of silicon materials increased, the increase in supply was still less than the increase in demand. The overall market supply of silicon materials was relatively short, and the price increase was supported by momentum.

  3. Micro articles

  (1) Cases of technology and equipment

——no

  (II) Operation and Management Cases

  1, [Hosun Silicon Industry: Plans to invest 175 billion in construction Annual output of 20 million tons of high-purity polysilicon project] following last weekShuangliang Energy Saving (600481) and Dongfang Electric Heating (300217) respectively announced that they will work with Hopson Silicon to produce 20 of high-purity After the polysilicon project signed the reduction furnace sales contract, this week Hesheng Silicon officially announced that it plans to invest 175 billion Build a high-purity polysilicon project with an annual output of 20 tons.

  2, [GCL Nengke: Signing a strategic cooperation agreement with Guiyang Industry Holding Group] GCL Nengke announced that it signed a strategic cooperation framework agreement with Guiyang Industry Development Holding Group. The two parties will focus on the digital management of batteries and energy assets. , to carry out cooperation in the construction and operation of power exchange and energy supplement network, new power system and energy storage, battery materials and industrial funds. According to the public information of other photovoltaic silicon companies, in addition to Tongwei Co., Ltd., including Daqo Energy, Dongfang Hope and other leading photovoltaic companies have signed photovoltaic silicon project investment agreements in Inner Mongolia, Shanxi, Gansu and other places, from tracking to understand the situation It can be seen that the multiple layouts are the expansion investment strategies implemented by these enterprises under the background of dual energy consumption control. The final implementation of the project is directly related to the implementation of local energy consumption indicators.

  3、[TBEA: Whether the polysilicon production capacity planned for expansion by many companies can be realized needs further verification] TBEA said “ Whether the supply of polysilicon will exceed demand in 2023 in 2023 asked the question, the reply said: Although many companies have announced plans to expand production, due to factors such as limited energy consumption indicators, the Influence, whether the polysilicon production capacity planned for expansion can be realized, remains to be further verified.