GCL integration recently released 2018 annual report. During the reporting period, the company realized operating income of 11.19 billion yuan, of which the net profit attributable to shareholders of listed companies was 45.127 million yuan, an increase of 89.16%. The net profit of non-returning mothers was 34.97 million yuan, a year-on-year increase of 120.53%. The module shipments were 4.56GW, of which overseas shipments were 2.3GW, and the proportion of overseas business increased to 52.9%. The PV internationalization strategy has achieved remarkable results.
The annual report reveals that in 2018, GCL integration has been further improved in terms of cost management capability, inventory turnover capacity, and accounts receivable turnover. Under the premise of a sharp drop in prices, the company's gross profit margin did not fall and rose, operating profit increased significantly compared with the same period of last year, and asset quality increased steadily.
In 2018, in the face of the turbulent domestic and international markets, GCL integration has vigorously promoted the strategy of “photovoltaic internationalization” to deepen overseas markets.The doubling of overseas business has greatly eased the impact of domestic PV policy fluctuations on the company's performance. The announcement shows that in 2018, the company achieved 2.3 GW of overseas market shipments, with operating income exceeding 5.924 billion yuan, a year-on-year increase of 55.48%. In 2017, 26.37% quickly increased to 52.9%, and the global market share exceeded 4%. The company's current products and solutions cover more than 40 countries and regions around the world. At the same time, the company has completed product certification in many regions/countries overseas. The product recognition and reputation have been continuously improved, and the global brand influence has been continuously enhanced. One of the main suppliers.
For the 2019 target, GCL integration said that in 2019, the company will actively explore in low-risk, high-traffic markets such as Western Europe, Japan, and South Korea; EP&rdquo ;, "EPC + BridgeFinancial" and other new business models, and strive to achieve 80% of overseas business in 2019.
Industry sources said that the current PV industry is becoming more mature and the market concentration will continue to increase in the future. GCL integration will continue to practice products through the layout of the global market. The innovation of business model is in line with the direction of market development. In addition, the quarterly report released by GCL in the same period showed that the net profit was 31.693 million yuan, a substantial increase of 121.6% year-on-year. It is expected that the performance in 2019 will continue to be stable.