Shifting Focus to Solar Energy: Quanwei Technology’s Unexpected Sale of Subsidiary Stake

New Energy – Energy Network
As the new energy sector fully pivots towards photovoltaics, Quanwei Technology has unexpectedly decided to sell shares in one of its subsidiaries.
Junda Co., Ltd. has reported key points from its first-quarter financial statement: after rebounding from its low point in the fourth quarter, its operating cash flow has worsened. Could occasional factors be at play?
Kelun Electronics experienced a significant increase in performance during the first quarter.
Qingyuan Co., Ltd. has made astonishing predictions regarding its 500 million yuan convertible bond fundraising project, anticipating that the prices of photovoltaic brackets will remain unchanged for six years.
With the initial advantage of Paineng Technology fading, long-established energy storage companies have reported three consecutive declines in performance.
ESIE 2025 Highlights: On April 10, 2025, the 13th International Energy Storage Summit and Exhibition (ESIE 2025) commenced at the National Convention Center in Beijing. The event was co-hosted by the Zhongguancun Energy Storage Industry Technology Alliance, the China Energy Research Society, and the Institute of Engineering Thermophysics, Chinese Academy of Sciences.
CCIC-CSA Group celebrated the grand opening of its China EMC Laboratory on April 10, 2025, in Kunshan.
On April 7, 2025, Shenzhen Kele New Energy unveiled a new 500W household energy storage solution at the Middle East Energy Exhibition in Dubai.
CNOOC and Sinopec led over 3,000 global procurement representatives at the HEIE International Hydrogen Energy Exhibition, working together towards a zero-carbon future from March 26-28, 2025.
Sunshine Hydrogen Energy showcased its innovative products at the HEIE Beijing International Hydrogen Energy Technology Equipment Exhibition.
Huipeng Hydrogen Storage presented its solid-state hydrogen storage technology at the HEIE International Hydrogen Energy Exhibition.
Huabao New Energy introduced the 3000Pro 2 portable outdoor power supply, redefining limits in energy density.
At a recent summit, Huabao New Energy discussed the equation for achieving a “zero-carbon lifestyle” through green electricity at home.
Kelun Electronics saw a substantial increase in its first-quarter performance, with a reported revenue of 1.214 billion yuan, reflecting a year-on-year growth of 16.2%.
Haitian Energy won two awards at the ESIE 2025 International Energy Storage Innovation Competition.
Despite a decline in revenue, Paineng Technology faces challenges in reducing costs as it experiences consecutive year-on-year revenue drops.
Yingfeiyuan introduced a groundbreaking integrated liquid cooling energy storage system at the ESIE 2025.
Haitian Energy launched its new ∞Cell 587Ah, which sets a new standard for large-capacity battery dimensions.
In light of a stock price drop, Ganfeng Lithium announced updates on its solid-state battery development.
On April 3, 2025, the Jiangsu Province project for dry hot rock resources commenced exploration verification in Xinghua.
The Yangbajing Geothermal Power Plant is set to become Tibet’s first “national industrial heritage.”
In Jiaozhou, the first geothermal heating station utilizing geothermal water from 2,200 meters underground has been established, with plans to save 4,000 tons of standard coal annually.
Jidong Oilfield has discovered high-quality geothermal resources, with the Liure 1-2 well reaching a geothermal gradient of 7.8 degrees Celsius per 100 meters.
Three major ground-source heat pump projects are underway to provide green heating to various districts in Beijing.
The discovery of a “world rare hot spring” in Anfu has opened new avenues for geothermal resource exploration.
At the 2019 International Clean Heating Summit, experts highlighted geothermal energy’s advantages in providing clean and stable heating solutions.
Industry experts predict a significant growth phase for China’s geothermal energy sector in the coming years.
The fifth Global Biomass Innovation Development Summit concluded successfully, focusing on new utilization and value.
Amid the global “dual carbon” push, the biomass industry is presented with greater opportunities, and experts are calling for enhanced top-level design.
A seminar on biomass’s role in carbon reduction policies was held alongside the launch of the new book “Decisive Years for Biomass.”
The world’s first voluntary certification platform for zero-carbon energy certificates was launched on December 1, 2023.
The fourth Global Biomass Innovation Development Summit took place on April 17, focusing on building a new ecological framework in the carbon era.
The 2024 7th Asian Offshore Wind Energy Conference will be held in Shanghai on October 30-31, along with the 11th global FPSO&FLNG&FSRU summit.
Last year, China’s onshore and offshore wind power installations both saw growth, with Goldwind maintaining its lead and Yunda Co., Ltd. entering the top three.
Ningde Times continues its strategic investments in offshore wind power, reinforcing its dominance in the battery sector.
In a historic milestone, wind power generation in Europe surpassed coal for the first time in the last quarter of 2023.
The wind power coating industry is accelerating domestically as demand grows alongside the steady development of the wind energy sector.
Despite recent stock declines in the wind power sector, industry insiders assert that there are no substantial negative developments affecting production expansion.
Times New Material is planning to raise 1.3 billion yuan through a private placement to enhance its primary business in wind turbine blades.