Skyworth PV, the solar business subsidiary of China’s leading home appliance manufacturer Skyworth Group, held a ceremony to mark the official start of construction on its Smart PV Industrial Park Project in Guangming District, Shenzhen. The facility, covering an area of 63,935 m², is expected to produce 5 GW of high-efficiency solar PV modules annually when completed. The company stated that it will also explore an innovative ‘PV + Inclusive Benefits + Digital Technology’ model through this project, leveraging full-industry chain advantages and smart construction expertise to establish a green smart park benchmark.
Recently, AIKO signed an investment agreement with Skyworth PV to establish a joint venture to develop the Skyworth-AIKO (Baise) Southwest ABC Cell Manufacturing Base in Baise City, Guangxi (see China Solar PV News Snippets).
Chinese photovoltaic (PV) silver powder manufacturer Janbon High Tech has submitted a listing application to the Hong Kong Stock Exchange, aiming to raise funds for global expansion and technological innovation. According to its prospectus, the company achieved revenues of RMB 3.95 billion ($546.33 million) in 2024 (up 41.99% YoY) and net profits of RMB 79 million ($10.93 million, up 31.95% YoY), with silver powder output reaching 644.3 tons in 2024 and a designed annual capacity of 1,485 tons by year-end 2024.
Janbon High Tech stated in the prospectus that, according to Frost & Sullivan, it ranked 4th among China’s top 5 PV silver powder manufacturers by sales revenue in 2024, holding a 9.8% market share.
The company plans to leverage IPO proceeds to establish a 1,500-ton/year silver powder plant in the Middle East. This RMB 200 million ($27.66 million) investment project includes construction starting in mid-2026 and trial production by late 2027, targeting commercial production by mid-2028. Concurrently, it plans to set up an East Asian R&D hub for advanced powder material technologies, aligning with regional innovation trends.
The submitted prospectus is currently a draft, with specific fundraising details yet to be announced.
SPIC Solar’s high-efficiency TBC double-glass modules developed in-house have passed TÜV Rheinland testing to obtain new IEC 61215 and IEC 61730 standards certifications. The company stated that its TBC double-glass modules integrate innovative technologies and processes such as overlapping soldering, special coated glass, ultra-thin ribbons, and high-water-resistant encapsulation films, offering excellent anti-PID and anti-LID performance. Notably, the modules achieve a maximum efficiency of 24.2%.
At the TaiyangNews High-Efficiency Solar Technologies 2024, SPIC Solar’s Seki Zheng gave an insightful presentation on the features of TBC technology and the company's latest module portfolio (see SPIC: Migrating To TBC).
Anti-reflective solar glass maker Shanghai Yaohua Pilkington Glass Group Co., Ltd. (SYP) recently disclosed its 2025 A-share private placement plan, aiming to raise a maximum of RMB 300 million ($41.49 million) primarily for technological upgrades in glass-related projects. The funds will be used to upgrade the company’s facilities in Dalian (RMB 188.3099 million, $26.05 million) and Tianjin (RMB 94.9 million, $13.13 million).
Once upgraded, glass produced by the Dalian facility will be used in automotive, PV, and solar thermal applications, including TCO glass for manufacturing cadmium telluride (CdTe) and perovskite modules. SYP currently supplies its glass to BOE, GCL Perovskite, Microquanta, and other perovskite cell and module manufacturers.
The Tianjin upgrade involves adding anti-reflective coating systems, wide coating systems, and TCO-specific measuring instruments to existing production lines, upgrading coating equipment to focus on anti-reflective coated glass and TCO glass coating processes for EV and thin-film PV markets.
Solar laser equipment manufacturer DR Laser reported that its performance growth continued from 2024 into the first quarter of 2025. According to its latest financial report, the company achieved operating revenues of RMB 2.01 billion ($278.61 million) in 2024, a YoY increase of 25.2%, and net profit attributable to shareholders of RMB 527.61 million ($72.97 million), up 14.4% YoY. In Q1 2025, the company’s revenues were up 24.55% YoY to RMB 561.01 million ($77.60 million), with net profit attributable to shareholders growing 20.76% YoY to RMB 163.12 million ($22.56 million). In 2024, DR Laser sold 1,046 units of PV equipment, up a significant 62.09% from 2023.
DR Laser also listed its R&D advancements in the 2024 report. Its laser-selective thinning TOPCon Polyfinger (TCP) equipment has entered small-scale commercial application, and a new PV module laser welding process equipment has delivered production prototypes. The company continues to upgrade and optimize laser equipment for back-contact (BC) cells, with TBC cell laser equipment already in mass production, while HBC cell laser equipment and laser-induced firing technology for back-contact cells remain in the R&D stage.
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