The glassmaker reported the numbers yesterday as it announced its first-half figures, and said China had made 238,000 tons of polysilicon in the first half of the year, as well as 105 GW of silicon wafers, 92.4 GW of solar cells and 80.2 GW of solar modules.
Luoyang said those figures were “recently released by the Ministry of Industry and Information Technology” and amounted to a 57% year-on-year rise in cell output, a 51% hike in module production, a 40% uplift in wafer manufacturing and 16% growth in polysilicon output.
The bumper effect of solar panel glass prices which continued to rise into the first quarter of this year was illustrated by a first-half net profit of RMB222 million ($34.2 million) from Luoyang's new energy glass unit, a rise from RMB68.8 million in January-to-June last year. The 2021 six-month figure came from new energy operating income of RMB1.4 billion ($216 million) – up from RMB822 million ($127 million) a year ago.
By contrast, Luoyang's other main business, providing glass for information displays, posted a first-half net profit of RMB25.6 million ($3.95 million), from operating income of RMB195 million ($30 million).
The manufacturer said two new solar module glass production facilities in Hefei and Tongcheng remain on track to start operations next month and in November, respectively, and added plans are progressing for another new fab, in Yixing.
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