Wedoany.com Report-Apr. 6, Tongwei has announced plans to introduce strategic investors to its polysilicon subsidiary, Sichuan Yongxiang Co., with a CNY 10 billion investment that values Yongxiang at CNY 27 billion pre-investment. The new investors will hold up to 27.03% of the unit, with funds mainly used for debt repayment and operational needs. After the deal, Tongwei will maintain at least a 72.97% stake, ensuring Yongxiang remains part of its financial statements. By the end of 2024, Yongxiang’s polysilicon capacity topped 900,000 metric tons annually, reinforcing its status as the industry leader.

Risen has adjusted timelines for two key projects, pushing completion dates back by nearly two years. The “5 GW n-type heterojunction (HJT) cell and 10 GW solar module project,” originally due in March 2025, is now set for December 2026, with its CNY 3.3 billion scope unchanged. Likewise, the “global high-efficiency photovoltaic R&D center,” with a CNY 500 million budget, shifts from late 2025 to December 2026. Risen cited a careful review of market trends for the delays but emphasized the projects’ enduring strategic importance.

Golden Solar New Energy Technology posted a CNY 277.41 million loss for 2024. Its photovoltaic segment earned CNY 79.76 million of a total CNY 253.51 million in revenue, down from CNY 295.35 million the year before. The company plans to shift to high-efficiency heterojunction back-contact (HBC) technology and scale up production through a joint venture.

Xinte Energy reported a CNY 3.90 billion net loss for 2024, a sharp drop from the previous year’s CNY 4.35 billion profit. Revenue decreased 31.02% to CNY 21.21 billion. The firm produced 198,800 metric tons of polysilicon and sold 199,200 metric tons during the year.

TCL Zhonghuan revealed that its 210 mm large-size silicon wafer shipments exceeded 200 GW by March 2025. Launched on August 16, 2019, and in mass production since January 2020, the product hit 100 GW by July 2023—taking nearly four years. The next 100 GW came in just 18 months, reflecting rapid growth in demand.