New Opportunities in the Photovoltaic Sector as Zerun New Energy Leads Industry Innovation

New Opportunities in the Photovoltaic Sector: Zerun New Energy Leads Industry Innovation

As the global demand for renewable energy continues to rise, the photovoltaic (PV) industry is experiencing new growth opportunities. This week, Zerun New Energy, a leading company in the photovoltaic junction box sector, officially launched its initial public offering (IPO) on the ChiNext board, drawing significant market attention. Concurrently, Tian工股份 also commenced its IPO, providing investors with additional options. The listings of these two companies not only inject fresh capital into the market but also further drive innovation and development within the photovoltaic and related industries.

Zerun New Energy: The Invisible Champion in Photovoltaic Junction Boxes

According to the 2025-2030 Global and China Photovoltaic Industry Market Status Research and Development Prospects Analysis Report, Zerun New Energy is recognized as one of the core suppliers of photovoltaic junction boxes worldwide. With its exceptional technical strength and innovative capabilities, the company holds a significant position in the industry. Zerun focuses on new energy electrical connections, protection, and intelligent technology, offering integrated solutions for photovoltaic modules. Its core product, the photovoltaic junction box, is an essential component of photovoltaic power generation systems, directly impacting system safety and efficiency.

Zerun’s downstream clients include renowned domestic and international photovoltaic module manufacturers, such as Maxeon, TCL Zhonghuan, and Canadian Solar. Through continuous technological innovation and product development, Zerun has established a diverse and distinctive product matrix that meets the customized needs of its clients. From 2022 to 2024, Zerun achieved revenues of 522 million yuan, 844 million yuan, and 876 million yuan, with net profits of 86.4 million yuan, 120 million yuan, and 131 million yuan, respectively, demonstrating robust performance.

Tian工股份: A Potential Player in Titanium Alloy Processing

Tian工股份 primarily engages in the rough processing of titanium alloys, converting raw material sponge titanium into titanium plate blanks, titanium pipe blanks, titanium ingots, and titanium bars, which are then sold to major titanium alloy production companies for further processing. The company’s management is dedicated to developing titanium alloy technology and advancing a forward integration strategy, striving to expand into the titanium alloy end market.

Tian工股份 has set its issue price at 3.94 yuan, with an issue price-to-earnings ratio of 15.19, while the industry’s average dynamic P/E ratio over the last month stands at 17.11. By continually innovating and expanding its market reach, the company is gradually enhancing its competitiveness in the titanium alloy processing sector, indicating significant future growth potential.

Continued Trend of A-Share Companies Listing in Hong Kong

This year, the enthusiasm for A-share companies to list in Hong Kong has remained high, driven by favorable policies introduced by regulatory authorities in both mainland China and Hong Kong. Numerous leading A-share companies are planning to go public in Hong Kong to broaden their financing channels and enhance their international brand image. For instance, a well-known food company has submitted its prospectus to the Hong Kong Stock Exchange, while an electronics technology firm has also disclosed its plan for a Hong Kong listing.

By listing in Hong Kong, these companies can leverage the international platform of the Hong Kong market to attract more investors and increase their global visibility and competitiveness. As an international financial center, Hong Kong plays a significant role in the Belt and Road Initiative, providing A-share companies with extensive growth opportunities.

This week’s IPOs present new investment opportunities for investors, particularly with Zerun New Energy’s leading position in the photovoltaic junction box sector and Tian工股份’s potential in titanium alloy processing. Additionally, the ongoing trend of A-share companies listing in Hong Kong further accelerates the internationalization of the capital market. With the increasing global demand for renewable energy and high-end materials, these companies are poised for even greater development in the future.