According to the 2023 annual report disclosed by Jingke Energy on the evening of April 22, Jingke Energy achieved 78.52GW of photovoltaic module shipments in 2023, returning to the top position in the industry, with N-type products accounting for 62%; The operating revenue was 118.682 billion yuan, a year-on-year increase of 43.55%; The net profit attributable to shareholders of the listed company was 7.44 billion yuan, an increase of 153.20% compared to the same period last year.
Jingke Energy is a globally renowned and highly innovative solar energy technology enterprise. As of the end of 2023, the company's cumulative global component shipments exceeded 210GW, ranking first in global component shipments five times.
In 2024, in the face of intensified industry competition, Jingke Energy will continue to leverage its technological and global advantages, accumulate power to cross cycles, improve refined management, and maintain a leading operating rate in the industry. We will strive to achieve the annual component shipment target of 100-110GW and achieve a proportion of N-type shipments of nearly 90%. At the same time, we will launch innovative system solutions suitable for various scenarios, strengthen our in-depth layout in emerging business areas such as energy storage, form a number of iconic application projects, and actively promote and lead the high-quality development of the industry.
By the end of 2024, a total of 28GW of integrated production capacity for Phase 1 and Phase 2 of Shanxi Base will be achieved as planned. After the project reaches its full capacity, the production cycle will be shortened to 1/7 of the existing capacity, operating costs are expected to be reduced by more than 10%, and cutting-edge technologies will be continuously introduced. By the end of 2024, the company will form an integrated production capacity including 120GW of silicon wafers, 110GW of batteries, and 130GW of components, with advanced N-type production capacity exceeding 100 GW.
Jingke Energy advocates for integrated and sustainable innovation throughout the entire industry chain. In 2023, it invested 6.899 billion yuan in research and development, achieving continuous breakthroughs in the efficiency of N-type TOPCon batteries, modules, and stacked batteries. It has broken world records for battery efficiency and module power 25 times in total. The company's efficient research and mass production of N-type batteries continues to break through, with the highest efficiency of N-type TOPCon battery research and development reaching 26.89%, and the highest efficiency of perovskite stacked batteries based on N-type TOPCon research and development reaching 32.33%. At the end of 2023, the average production efficiency of N-type batteries exceeded 25.8%, and in the first quarter of 2024, the average production efficiency had exceeded 26%.
As of the end of 2023, the company has a total of 2320 technical research and development talents, has completed a total of 3875 patent applications, obtained 3544 authorizations, and led the industry with 330 N-type TOPCon authorized patents. The company also actively collaborates with external partners such as universities, industry-leading enterprises, and third-party professional organizations for technological research and development, further enhancing innovation capabilities.
In 2024, the company will closely monitor cutting-edge technologies, continue to maintain a high proportion of research and development investment, and steadily promote the development and introduction of new technologies in an orderly manner. Efforts will be made to achieve an average mass production efficiency of N-type batteries increased to 26.5% by the end of 2024, and the integration cost will continue to demonstrate advantages compared to peers. In addition, the company will timely study a new round of equity incentive plans based on market conditions, improve talent incentive mechanisms (and) salary management systems, and maintain the stability of the core team.