Gokin Solar has announced that its back contact (BC) solar module production line has begun mass production. The line uses cells sourced from leading BC cell and module manufacturer AIKO. Gokin Solar stated that its BC modules have received multiple certifications, including TÜV Rheinland's 2PfG 2926 A+ anti-shading certification, Class A fire safety certification, and CE certification, qualifying them for international shipments.
While the company did not disclose the exact capacity of the newly launched BC module line, the local government of Yibin City, Sichuan Province, revealed in May that Gokin Solar’s 2 GW solar module facility includes 1 GW of TOPCon modules and 1 GW of BC modules (see China Solar PV News Snippets).
Asia Electronics Technology, a wet process cleaning equipment supplier, is seeking an IPO on the STAR Market of the Shanghai Stock Exchange. The company specializes in R&D, production, and sales of wet cleaning equipment for silicon-based semiconductors, compound semiconductors, and photovoltaics (PV), with LONGi Green Energy being a key customer in the PV segment.
According to the IPO prospectus, the company recorded revenues of RMB 120.73 million ($16.77 million), RMB 441.75 million ($61.35 million), and RMB 580.41 million ($80.61 million) in 2022, 2023, and 2024, respectively, representing a compound annual growth rate of 119.26%. Specifically, revenues from PV wet process equipment were RMB 5 million ($0.69 million), RMB 106.23 million ($14.75 million), and RMB 158.50 million ($22.01 million), respectively.
The company plans to raise RMB 950 million ($131.94 million) from the IPO to fund projects related to the industrialization of high-end semiconductor equipment, advanced semiconductor process R&D and trial production, as well as the development of next-generation wet process cleaning equipment.
GCL Energy Technology (GCL ET), the energy arm of GCL Group, has co-launched the China-Russia Green Certificate System and Carbon Market Cooperation Initiative, in partnership with several authoritative institutions, including the Energy Certification Center under Russia’s Ministry of Energy, the China-Russia Association for International Economic and Trade Relations Development, the Brand Branch of the China Energy Research Society, and the Energy & Dual Carbon Research Center of China Industry News. The initiative aims to implement the shared green development vision of China and Russia by promoting mutual recognition of green certificates, deepening project-level cooperation, and strengthening carbon market alignment, with the ultimate goal of advancing bilateral energy collaboration toward green and sustainable development.
In March, GCL ET partnered with Ant Digital to introduce the first PV application case of the EnergyTS AI model (see China Solar PV News Snippets).
Lingda Group, the parent company of solar cell maker Jiayue New Energy, has released its H1 2025 financial results, reporting operating revenues of RMB 59.93 million ($8.32 million), a year-over-year (YoY) increase of 72.99%, and a narrowed net loss attributable to shareholders, improving 37.56% from the same period last year.
The company’s 3.5 GW high-efficiency PERC crystalline silicon cell plant, which has been shut down since March 2024, shows little likelihood of resuming operations. Its previously planned 5 GW TOPCon cell project has also been canceled (see China Solar PV News Snippets).
In H1 2025, Lingda Group’s solar cell business recorded zero revenue. It reported that its revenue growth mainly came from its PV EPC business, which generated RMB 50.78 million ($7.05 million), up 1,174.07% YoY. Its PV power generation business contributed RMB 8.30 million ($1.15 million), a YoY decrease of 21.06%.
In March 2025, Lingda Group signed a restructuring investment agreement with a confirmed investor. However, as of the reporting date, the company had not yet received any legal documentation from the court confirming entry into restructuring proceedings. The company emphasized that significant uncertainty remains regarding whether the restructuring process will proceed.
Solar glass manufacturer Xinyi Solar has released its 2025 interim earnings forecast, projecting a 56% to 66% YoY decline in net profit attributable to shareholders, compared to RMB 1.81 billion ($251.39 million) in H1 2024. The company attributed the sharp decline to a significant drop in average selling prices of solar glass due to oversupply, compounded by impairment losses on production facilities during the reporting period.