Tongue Said that it will bring in strategic investors for its entire Polysilicon Production Unit, Sichuan Yongxiang Co. The CNY 10 billion investment values Yongxiang on CNY 27 billion before the capital increase. The new investors will acquire up to 27.03% of Yongxiang, whereby the revenues are mainly focused on reimbursing debts and working capital. After completing the transaction, Tongwei retains a direct and indirect importance of at least 72.97%, so that Yongxiang is consolidated in its financial statements. From the end of 2024, the annual production capacity of Yongxiang was the production capacity of Polysilicon 900,000 tons, so that his position as a top supplier of the industry was secured.
Upright has revised the timeline for two important investment projects, so that their completion is postponed for almost two years. The “5 GW N-type heterojunction (HJT) cell and 10 GW Solar Module project” is initially planned for March 2025, expected to operational in December 2026. The project, with an investment of CNY 3.3 billion, remains unchanged in scope. Similarly, the ‘Global High-Rfficiency Photovoltaic R&D Center’ of the company, originally set for completion by the end of the year 2025, will now end at the end of December 2026. This project has an investment of CNY 500 million. Risen attributed the delay to a thorough evaluation of market conditions, but confirmed its dedication to the long -term strategic value of the projects.
Golden Solar New Energy Technology has registered a CNY 277.41 million loss for 2024. The PV company has generated CNY 79.76 million in income on a total of a total of a total of 253.51 million, a decrease in CNY 295.35 million the previous year. The company again confirmed its plans to switch to very efficient heterojunction Back contact (HBC) technology and to expand the production of Gigawatt scale via a joint venture.
Xinte Energy has reported a CNY 3.90 billion net loss for 2024, which reverses a CNY 4.35 billion net profit compared to the previous year. Turnover fell by 31.02% to CNY 21.21 billion. The company said it produced 198,800 tons of polysilicon and sold 199,200 tons.
TCL Zhonghuan Said that cumulative shipments of his 210 mm Silicon Waffles surpassed 200 GW in large March 2025.
This content is protected by copyright and may not be reused. If you want to work with us and reuse part of our content, please contact: editors@pv-magazine.com.
Popular content
