A vision initiative titled ‘A Commitment to Build Sustainable Brands’ was launched at a recent international event themed Building Sustainable Business and Brands. This event was jointly organized by the United Nations Conference on Trade and Development (UNCTAD), the UN Forum on Sustainability Standards (UNFSS), the China Association for Standardization (CAS), and its Sustainable Business and Brand Committee (SBBC), and the Sustainable Business Leaders Forum (SBLF).
The initiative aims to encourage enterprises to fully integrate sustainability into their strategies and value chains, contributing to a global sustainable business ecosystem and the UN Sustainable Development Goals (SDGs) through standardization, case studies, and international cooperation. Prominent Chinese companies, including LONGi, Anta Group, CATL, and Haier, jointly signed the initiative.
Power project developer China Huadian has completed its module procurement tender for a 350 MW (AC) solar power project in Zhanhua District, Binzhou City, Shandong Province. The DC-side capacity totals 449 MW, with all procurement dedicated to heterojunction (HJT) modules. The tender called for modules with a minimum efficiency of 22.6% and minimum rear-side peak power of no less than 65% of the front side. Huasun Energy won the bid as the primary supplier and will provide high-efficiency HJT modules with a minimum power output of 715 W.
Separately, Huasun is also focusing on HJT-perovskite tandem technology, recently announcing 2 achievements in tandem solar cells (see China Solar PV News Snippets).
A Chinese local court has admitted the bankruptcy and reorganization case filed by the creditors of solar cell and module manufacturer BAJ Solar, citing the company’s inability to repay debts. As of June 2025, BAJ Solar had total assets of RMB 2.158 billion ($301 million) and liabilities of RMB 2.652 billion ($370 million), resulting in a negative net asset position. Having halted its PV operations, the company reported zero revenue in H1 2025. In its latest announcement, BAJ Solar’s parent company, Bangjie Share, stated that it faces delisting if BAJ Solar’s PV segment fails to resolve its debt burden and operational issues in the second half of the year.
Late last month, BAJ Solar announced the termination of its planned 10 GW module manufacturing and R&D center project (see China Solar PV News Snippets).
PV manufacturing equipment supplier Jinchen reported revenues of RMB 1.32 billion ($184 million) in H1 2025, an increase of 6.64% year-over-year (YoY). However, it reported a 23.55% decline in net profit, excluding non-recurring items, to RMB 38.35 million ($5.35 million). The company attributed this decline to severe competition, rising raw material prices, and higher labor costs.
The company also announced adjustments to its fundraising projects. Firstly, the completion date for its East China smart manufacturing base for module production equipment has been pushed by a year from February 2026 to February 2027. Second, the planned capital allocation for its high-efficiency cell PVD equipment industrialization project has been nearly halved from RMB 310 million ($43.2 million) to RMB 160 million ($22.3 million). The company plans to use the difference of RMB 150 million ($20.9 million) to fund a new manufacturing base in Malaysia for solar module and cell automation equipment and supporting production lines.
China’s Ministry of Industry and Information Technology (MIIT) and State Administration for Market Regulation (SAMR) jointly issued the 2025–2026 Action Plan for Stabilizing Growth in the Electronic Information Manufacturing Industry. The plan makes multiple references to the solar PV industry, setting clear development targets and introducing supportive measures:
In 2025–2026, the annual revenue growth rate in solar PV, lithium battery, and component manufacturing sectors is targeted to exceed 5%.
Actions will be taken to curb low-price practices in PV, streamline production capacity, and promote high-quality development.
The plan also calls for enhanced international exchange and cooperation in PV, semiconductors, and related fields.
Prior to issuing this plan, MIIT held another round of talks with the country’s solar PV manufacturing players, its 2nd such meeting with the industry in less than 2 months, in its efforts to curb overcapacity-driven price wars (see China Steps Up Efforts To Curb Price Wars In Solar Industry).