Major Developments in the Solar Industry: Key Partnerships, Expansions, and Market Trends

Significant Good News! Two Photovoltaic Companies Sign Over 200 Million HJT Order

On the evening of April 17, Liansheng Technology (300051.SZ) announced that its subsidiary, Meishan Liansheng Photovoltaic Technology Co., Ltd., has signed a framework agreement for the sale of solar cells with Anhui Huasheng New Energy Technology Co., Ltd. According to the agreement, Meishan Liansheng will supply no less than 1 billion solar cells to Huasheng New Energy during the contract’s validity period.

Subscription Launched! Another Photovoltaic “Small Giant” Set to Go Public

On April 17, Jiangsu Zerun New Energy Technology Co., Ltd. (stock abbreviation: Zerun New Energy, stock code: 301636) officially disclosed its prospectus, announcing the launch of its issuance process. The company plans to conduct online and offline subscriptions on April 28, aiming to list on the Shenzhen Stock Exchange’s Growth Enterprise Market. As an “invisible champion” in the domestic photovoltaic junction box sector, Zerun New Energy is making a final push towards the capital market amid industry overcapacity, generating widespread market interest.

Total Investment of 7.3 Billion! Another Leading Photovoltaic Component Factory Expands Production

Recently, Indian photovoltaic leader Waaree announced plans to establish an additional 1.6GW solar module manufacturing facility at its site in Brook County, Texas, USA. This new factory will expand its existing operations, bringing Waaree’s total production capacity in the U.S. market to 3.2GW.

Green Electricity Trading Volume Surges Over 300%! Photovoltaic Leader Reports Record Revenue

On April 18, JinkoSolar released its 2024 annual report, revealing revenue of 4.775 billion yuan, a year-on-year increase of 9.25%. However, the net profit attributable to shareholders was 324 million yuan, a decline of 15.39%. The revenue marks a new high since the company went public in 2020, while the net profit was affected by fluctuations in gross margins.

SNEC PV+ 18th (2025) International Solar Photovoltaic and Smart Energy Conference and Exhibition to Commence!

The “SNEC PV+ 18th (2025) International Solar Photovoltaic and Smart Energy Conference and Exhibition” will be grandly held from June 10-13, 2025, at the National Exhibition and Convention Center in Shanghai. The event will take place at the InterContinental Hotel and the National Exhibition Center.

After a 2-Year Wait, This 70s Entrepreneur is About to Ring the Bell on the Growth Enterprise Market

Following the successful listing of Shihang New Energy (301658), another photovoltaic manufacturer, Jiangsu Zerun New Energy Technology Co., Ltd., is set to join the Growth Enterprise Market. The subscription timeline and stock code for Zerun New Energy (601636) have been confirmed.

Net Profit Soars by 83%! Why is This Giant Struggling Domestically While Thriving Abroad?

CITIC Bo, a leading photovoltaic bracket manufacturer, announced its 2024 performance on April 16, reporting total revenue of 9.026 billion yuan and a net profit of 632 million yuan, both reflecting over a 40% increase.

Heavyweight! Photovoltaic Dark Horse Plans to Challenge the Hong Kong Stock Exchange!

On April 15, leading photovoltaic cell enterprise Junda Co., Ltd. (002865) submitted its IPO application to the Hong Kong Stock Exchange for the third time, seeking to expand its financing channels through an “A+H” dual platform model. Previously, the company submitted applications in February and October 2024 but faced setbacks due to invalid prospectuses. This renewed effort for an IPO is a crucial strategy to navigate the industry’s downturn and a significant step in its globalization strategy.

Investing 2.022 Billion Yuan! Photovoltaic Bracket Leader Announces Major New Initiative

On April 16, CITIC Bo (688408) announced plans to construct the “CITIC Bo Zero Carbon Headquarters Base” in Lujia Town, Kunshan City, with a total investment not exceeding 2.022 billion yuan. The establishment of this zero-carbon headquarters is a significant move following their signing of a 4 billion yuan new energy headquarters industrial park agreement in February 2024.

Production Halted and Layoffs Announced, Loss-Making Photovoltaic Leader Delays Annual Report Release

Recently, European photovoltaic leader Meyer Burger announced a delay in the release of its annual report, originally scheduled for April 15, 2025, now expected by the end of May 2025, pending approval from the SIX Exchange Regulation authority.

Net Profit Exceeds 34 Billion! Performance Results of Five Energy Giants Released

Recently, the flagship listed companies from five major power groups released their 2024 performance results. Overall, these companies generated over 715.4 billion yuan in revenue, with significant disparities in earnings. Huaneng International, Guodian Power, and Huadian International all saw declines in revenue, while Datang Power reported slight growth, and China Power’s revenue surged by 22.48%.

Distributed Photovoltaic Power Stations for Industrial and Commercial Use: A Pathway to Efficient Green and Low-Carbon Operations

In the current wave of green energy transformation, distributed photovoltaic power stations have become increasingly attractive to many enterprises. By establishing photovoltaic power stations, companies not only gain access to green electricity but can also sell excess power back to the grid, generating additional revenue. However, the profitability of these stations is closely tied to comprehensive lifecycle management.

Yida New Energy “Marries” a New Journey!

Yida New Energy has officially “married” into a new venture. On April 10, a public announcement from the Shanghai Market Supervision Administration regarding a share acquisition has drawn renewed attention to Yida New Energy Technology Co., Ltd.

Aiming for the First “A+H” Listing, This Photovoltaic Leader Submits Application to the Hong Kong Stock Exchange Again!

According to the Hong Kong Stock Exchange’s disclosure on April 15, Hainan Junda New Energy Technology Co., Ltd. has submitted an application for listing on the main board, with Huatai International, CMB International, and Deutsche Bank serving as joint sponsors. This marks Junda’s third submission, following attempts in February and October 2024.

Published in Nature! Perovskite Solar Cells Don New “Super Armor” to Become “Heroic Champions”

Perovskite solar cells have achieved significant technological breakthroughs! A team from the College of Materials Engineering at Fujian Agriculture and Forestry University collaborated with Xi’an Jiaotong University and Henan University to develop a new “Fullerene-Polymer Coupling Layer” technology, enhancing the performance of perovskite solar cells.

Shocking! Two More Photovoltaic Companies File for Bankruptcy

As the new installed capacity in the photovoltaic sector continues to rise, industry chain prices remain low, creating a stark contrast in survival conditions for photovoltaic companies amid fierce competition. In just April alone, two companies in the photovoltaic sector have filed for bankruptcy.

Total Investment of 17.3 Billion! Another Wind-Solar Integrated Project Announced

Recently, the People’s Government of Uxin Banner in Inner Mongolia released information regarding the social stability risk assessment for the Wind-Solar Hydrogen Integration Project by China Coal Green Energy (Ordos). The project has a total investment of 17.3 billion yuan and is scheduled to commence construction in October 2025, with completion expected in September 2027.

Total Investment of 3.5 Billion! Another Photovoltaic Project Set to Start Construction

On April 16, Yongzhen Co., Ltd. announced the groundbreaking ceremony for its 100GW photovoltaic aluminum frame project at its Baotou base, with the project expected to start construction soon.

Revenue Soars, Profit Halved! Suzhou Goodtech’s Performance Results Released

On April 15, Suzhou Goodtech announced its 2024 annual report, highlighting a revenue of 5.638 billion yuan, a year-on-year increase of 37.94%. However, the net profit attributable to shareholders was 73.69 million yuan, a decrease of 51.93%.

Three Consecutive Years of Losses! Stock Suspended! Zhongke Yunwang Faces Challenges

On April 15, Zhongke Yunwang released its 2024 annual report and the first quarter report for 2025. In 2024, Zhongke Yunwang achieved a revenue of 295 million yuan, a year-on-year increase of 55.05%, but a net profit loss of 33.33 million yuan, narrowing by 45.04%. This marks the third consecutive year of losses for the company, with losses recorded in 2022 and 2023 being 21.76 million yuan and 58.97 million yuan, respectively.