GreenergyDaily
August 31, 2023
1. On August 30, SANY Renewable Energy (SH: 688349) released its 2023 semi-annual report. In the first half of the year, it achieved an operating income of CNY 3.915 billion, a year-on-year decrease of 4.12%; the net profit attributable to shareholders of listed companies was CNY 817 million, a year-on-year increase of 2.38%.
2. On August 30, Mingyang Smart Energy (SH: 601615) released its semi-annual report for 2023. In the first half of the year, its operating income was CNY 10.559 billion, a year-on-year decrease of 25.84%; the net profit attributable to shareholders of listed companies was CNY 654 million, a year-on-year decrease of 73.28%.
3. About rumors that CATL's Hungarian battery factory was investigated by the European Commission, according to Shanghai Securities Press, sources from the company responded on Wed. that the project has passed the permit of the Hungarian government and is currently progressing smoothly, thus the rumors are not true.
4. Chinese wind power equipment maker Dajin Heavy Industry announced that it has already delivered half of the order for the Moray West offshore wind farm in the United Kingdom. With a maximum diameter of 10 meters and a plate sickness of 115 millimeters, the standalone piles Dajin is supplying to the Moray West project are among the biggest of their kind in the world, the company noted.
5. On August 30, LONGi (SH: 601012) released its semi-annual report for 2023. In the first half of the year, it achieved an operating income of CNY 64.652 billion, up 28.36% YoY; the net profit attributable to the parent company was CNY 9.178 billion, up 41.63% YoY.
6. On August 30, Aiko Solar (SH: 600732) released its semi-annual report for 2023. In the first half of the year, its operating income was CNY 16.249 billion, up 1.65% YoY; the net profit attributable to the parent was CNY 1.309 billion, up 119.60% YoY.
7. CEEC and Brazilian oil and gas company Petrobras signed a strategic cooperation framework agreement on August 29. The two parties will expand energy cooperation, with a focus on cutting-edge fields like new energy and hydrogen power, to foster shared development.
8. China's auto market is declining, and the latest piece of evidence is that electric vehicle startup Li Auto, which had stuck to a "no price cut policy" since the beginning of the year despite a fierce price war, introduced a set of incentives. Li Auto announced yesterday that it will provide CNY10,000 (USD1,370) worth of insurance subsidies to each person ordering a car between yesterday and Sept. 30 buying insurance from one of its partners.
9. A research group in China has proposed to solve the typical high working pressure issues of solar-powered sprinklers by using compressed air energy storage (CAES). According to their findings, combined PV-CAES sprinklers can easily achieve high pressure and low intensity high-quality water spraying, according to pv magazine.
10. JA Solar Technology, the world's second-biggest photovoltaic module supplier, almost tripled its net profit in the first six months of this year from a year ago as shipments surged to a record high. Net profit jumped to CNY4.8 billion (USD662.8 million), the Shanghai-based solar panel maker said in its interim earnings report yesterday.
