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Jan 16, 2025 | 
yicaiglobal.com | Lu Ruyi
(Yicai) Jan. 17 -- Longi Green Energy Technology said the Chinese solar panel giant expects to have swung into the red last year with a net loss of as much as CNY8.8 billion (USD1.2 billion) mainly due to intensifying competition. Net loss was likely between CNY8.2 billion and CNY8.8 billion last year, compared with a net profit of CNY10.8 billion (USD1.5 billion) in 2023, the Xi'an-based company said yesterday.
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Jan 7, 2025 | 
yicaiglobal.com | Lu Ruyi
(Yicai) Jan. 7 -- A unit of Chinese solar modules giant Jinko Solar has filed a lawsuit against domestic rival Longi Green Energy Technology, demanding it to cease a patent infringement and compensation for economic losses. The lawsuit was filed at a court in Nanchang, the capital of China's Jiangxi province, with the hearing scheduled for Feb. 13, an insider from Jinko Solar told Yicai.
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Dec 11, 2024 | 
yicaiglobal.com | Mark Kruger |Lu Ruyi |Du Chuan |Liao Shumin
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Dec 10, 2024 | 
yicaiglobal.com | Mark Kruger |Tang Shihua |Wu Ziye |Lu Ruyi
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Dec 9, 2024 | 
yicaiglobal.com | Lu Ruyi
(Yicai) Dec. 9 -- In a rare coordinated action for survival amid fierce competition, 33 Chinese companies covering 90 percent of China's photovoltaic manufacturing output across all segments have signed a self-discipline convention agreeing to voluntary production control. The firms inked the agreement during a symposium themed Preventing Cutthroat Malicious Competition at the 2024 Annual Conference of the PV Industry held from Dec.
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Dec 8, 2024 | 
yicaiglobal.com | Lu Ruyi
(Yicai) Dec. 9 -- Chinese photovoltaic giant Trina Solar has terminated the spin-off and listing of its holding subsidiary Trinapower, mainly because of shifting industry development trends. Trina decided to withdraw Trinapower's listing application submitted to the Shanghai Stock Exchange in April last year at its latest board meeting on Dec. 6, the Changzhou-based parent company announced yesterday. Founded in 2016, Trinapower is committed to the distributed solar power generation market.
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Dec 8, 2024 | 
yicaiglobal.com | Tang Shihua |Wu Ziye |Xue Luhao |Lu Ruyi
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Nov 19, 2024 | 
yicaiglobal.com | Qian Tongxin |Xu Wei |Lu Ruyi |Tang Shihua
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Nov 18, 2024 | 
yicaiglobal.com | Qian Tongxin |Zheng Na |Xu Wei |Lu Ruyi
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Nov 17, 2024 | 
yicaiglobal.com | Lu Ruyi
(Yicai) Nov. 18 -- China’s move to lower or cancel the export tax rebate rate for certain products is expected to somewhat impact the domestic photovoltaic industry. The adjustment to the export tax rebate policy will likely put additional cost pressure on PV companies, especially those with weaker technological capabilities or poor cost management, according to industry insiders. Such firms may struggle to remain competitive and face risks, including shrinking profit margins or market exit.
