Li Jian, the post-80s "second generation", said: "The economic cycle is regular, and the low tide period will definitely come."
Text: Ne-Salon New Energy Gathering Group
At the end of last month, Ne-Salon learned that Jingshan Light Machinery, a leading photovoltaic equipment company, announced that its subsidiary Singapore Shengcheng Technology Co., Ltd. signed a daily operation and sales contract with Trina Solar American Module Manufacturing Co., Ltd., with an amount of 4917000,000 US dollars (equivalent to about 3.)5.1 billion yuan).
It is understood that Jingshan Light Machinery is a small farm tool factory in Jingshan County, Hubei Province, and its main business is packaging equipment. After the acquisition of Shengcheng Technology in 2017, Jingshan Light Machine has repeatedly signed large orders in the photovoltaic field. According to incomplete statistics, in 2023, Jingshan Light Machine's orders in the field of photovoltaic equipment have exceeded 3 billion yuan.
01, the post-80s "second generation" takes over!Seize the photovoltaic track
In October 1957, in a small ravine in Songhe Town, Jingshan County, Hubei Province, relying on a few red furnaces, a few sickles and hammers, Jingshan Light Machine (then known as "Songhe Local State-owned Spark Farm Factory") was established. After years of development, in 1998, Jingshan Light Machine was listed on the Shenzhen Stock Exchange and became the leading packaging equipment in China. Four years later, under the call of his father Sun Youyuan, Li Jian, the "second generation", gave up the opportunity to study abroad and resolutely joined the management team of Jingshan Light Machine. His joining is the beginning of a new glorious story of Jingshan Light Machinery.
According to public information, Li Jian, born in 1981, graduated from Wuhan University in international finance. In 2005, when he became the general manager of Jingshan Light Machinery, Li Jian was only 24 years old and was a veritable "young marshal". Li Jian said in an interview: "A hairy guy who has just graduated from college needs to be understood and supported by a group of middle and senior managers who have been on the battlefield for a long time, and it is not a simple job appointment. Fortunately, Li Jian took office at the time of China's accession to the WTO, Li Jian seized the opportunity to actively expand overseas business, and achieved success, successively set up offices, overseas factories or R&D centers in Russia, Turkey, Thailand, India, Italy, Latin America and other places, and the business volume increased rapidly. "Seeing that I started a blank business, everyone naturally understood and supported me. ”
In 2014, Li Jian officially took over the actual control of the company and became the leader of the company. Under his leadership, Jingshan Light Machine's business tends to diversify, and has made many attempts in the fields of auto parts and robotics business, and has achieved good results.
In 2017, under the high prosperity of photovoltaics, Jingshan Light Machine won 80.8 billion yuan to acquire 100% equity of Shengcheng Photovoltaic and officially entered the photovoltaic track. On this track, Jingshan Light Machine's investment is very "generous": in 2019, Jingshan Light Machine spent 10.5 billion yuan acquisition of Fujian Jinshi Energy *** on HTJ heterojunction battery cleaning and texturing technology" related proprietary technical information;In 2020, Jingshan Light Machine invested 49.2 billion yuan to build a high-end photovoltaic module equipment project to expand production;In 2021, Jingshan Light Machine will raise funds for the project through a fixed increase29.7 billion yuan.
High investment for high returns, after cross-border photovoltaics, the performance of Jingshan Light Machine has risen year by year. Revenue from 153.7 billion yuan, an increase to 486.8 billion yuan, the company's photovoltaic industry revenue has increased to 26 in six and a half years8.6 billion yuan has become a proper "pillar" of the enterprise. In terms of profit, after the company's cross-border photovoltaic in 2017, the net profit attributable to the parent company reached 13.5 billion yuan, breaking through the 100 million yuan mark for the first time, from 2020 to 2022, the company continued to develop, achieving net profit attributable to the parent company of 53.81 million yuan and 14.6 billion yuan, 30.2 billion yuan.
Li Jian said that when he first took over the company, as an "academic", he once thought that his father, who had been a blacksmith, was a bit old-fashioned, but three points in his father benefited Li Jian for life, they are: strong adventurous spirit, especially good at employing people, and never pretending to understand. It is precisely these three points that make Li Jian take Jingshan Light Machine farther and farther and better.
02. Sun Company's debt exceeds 90%, and in the face of the low tide of photovoltaics, where will Jingshan Light Machine go?
There is no doubt that after the cross-border photovoltaic of Jingshan Light Machine, Shengcheng photovoltaic equipment has played the role of photovoltaic "vanguard force". According to the official website, Shengcheng Photovoltaic Equipment was established in 2010 and is mainly engaged in the research and development, manufacturing, sales and service of intelligent equipment in the photovoltaic industry. The company's main products are automatic glass loading, platen loading machine, battery string typesetting machine, EVA backplane cutting machine, MES system, etc.
It is reported that the current Shengcheng photovoltaic is in a state of full production and full sales most of the time. From 2021 to 2022, the company's photovoltaic business orders in hand were 374 billion yuan, 544.4 billion yuan, a year-on-year increase. 56%。At present, Shengcheng Photovoltaic has maintained long-term and stable cooperative relations with the world's mainstream module manufacturers, and is one of the world's largest photovoltaic equipment manufacturers.
The revenue of its subsidiary, Singapore Shengcheng Solar, soared from 0 yuan in 2022 to 2 in the first three quarters of 20230 billion yuan, net profit from a loss of 2230,000 yuan soared to a profit of 1117950,000 yuan. However, the debt ratio behind the soaring performance has risen sharply, from 019% soared to 92. on September 30, 202341%, far exceeding the industry average. Some people in the industry have asked Jingshan Light Machine about the high debt ratio of Singapore Shengcheng PV, but they have not received a reply so far.
At present, the photovoltaic industry has entered a cold winter period, and the Jingshan Light Opportunity in 2024 will be as soaring as beforeNo one dares to give a definite answer to this question. However, Li Jian is very optimistic about the current "cold winter period", he said: "The economic cycle is regular, and the low tide period will definitely come. He also said: First of all, the global market other than China is in the growth period, the United States, Europe, India localization has just begun, the current ** barriers to China's restrictive policy does not include equipment, which gives Jingshan Light Machine a huge opportunity;Secondly, the improvement of the degree of intelligence promotes the renewal and elimination of domestic equipment, and the stock transformation is also a potential new market in the futureFinally, the company will also actively expand new cell business, which will also bring new increments.
On January 9, 2024, Jingshan Light Machine will have a daily limit, which is the second time in nearly half a month. The current company is 163 yuan, market value 101500 million yuan. **NE-SALON