Why is the Global Solar Photovoltaic Glass market growing?

Surge in demand for residential applications and supportive government policies for using photovoltaic technology drive the growth of the global solar photovoltaic glass market. However, high initial costs hinder market growth. Moreover, the rise in demand for renewable energy creates new opportunities in industry.

How did solar glass group achieve a significant rise in solar glass sales?

Against the backdrop of strong growth in global PV installations and thus surge in solar glass demand, the Group achieved remarkable rise in solar glass sales volume and revenue during the Year by leveraging its expanded capacity and flexible marketing strategies.

How many new solar glass production lines were added in FY2021?

During the Year, the Group added six new solar glass production lines with a daily melting capacity of 1,000 tonnes each, compared to four new solar glass production lines with a daily melting capacity of 1,000 tonnes each in FY2021.

Why did solar glass revenue increase in 1h2022?

The Group’s solar glass revenue increased by 22.6% year-on-year to HK$8,090.6 million in 1H2022, mainly due to higher sales volume, partially offset by lower ASP.

Why did solar glass sales increase HK$17 million?

The Group's revenue from sales of solar glass surged by 35.6% Y o Y to HK$17,655.1 million, mainly attributable to the increase in sales volume and sales mix optimisation, despite the drop in ASP as a result of intense industry competition.

How many solar glass production lines are there in 2022?

The Group plans to add eight new solar glass production lines in 2022, each with a daily melting capacity of 1,000 tonnes, four of which are located in Zhangjiagang, Jiangsu Province, and another four are located in Wuhu, Anhui Province.