PV and ESS maker JA has secured an RMB 700 million cross-border green financing package from Hang Seng Bank, comprising green loans and green guarantee facilities. The financing follows the publication of JA Solar’s Green Financing Framework, which received an independent Second Party Opinion from international consultancy Arup.
The financing will primarily support PV manufacturing and module sales, solar power plant construction and operations, energy storage manufacturing, and overseas business expansion. JA Solar has used the facility to arrange cross-border guarantees in more than 10 countries to deliver overseas projects.
In July, JA disclosed that it plans to convert an existing 72-cell module production line into a 600 MW perovskite tandem module pilot line (see China Solar PV News Snippets).
PV silver powder manufacturer Dongguan City Betterly New Materials Co., Ltd. (Betely) has listed on the Shenzhen Stock Exchange’s ChiNext board, raising RMB 794.97 million through its IPO for four projects. Of this, RMB 210.12 million will go toward a project with an annual capacity of 500 tons of low-temperature PV paste for HJT, HBC, and perovskite solar cells. The remaining funds will support production base expansion, an R&D and marketing center in Wuxi, and working capital.
Betely’s businesses cover conductive and silicone materials. It reported revenue of RMB 2.273 billion, RMB 2.52 billion, and RMB 3.65 billion in 2023, 2024, and 2025, respectively. Net profit attributable to shareholders was RMB 85.63 million, RMB 97.50 million, and RMB 116.05 million, while silver powder sales totaled 298.40 tons, 262.61 tons, and 293.11 tons in the respective years.
PV-related products mainly include silver powder and HJT paste. Combined revenue from the two products accounted for 69.50%, 68.34%, and 72.69% of total revenue in 2023, 2024, and 2025, respectively, with silver powder remaining its core business.
Wuhan-based PV cleaning robot manufacturer Virtue World Robot has started mass production of its second-generation handheld intelligent PV cleaning robots at its Honghu Industrial Park in Hubei province. The first batch comprises 220 units, including 20 5.5-meter roller-brush models, 100 5.5-meter disc-brush models, and 100 7.5-meter disc-brush models. Two 7.5-meter models were shipped to a customer in the Philippines the same day.
Designed for operations & maintenance at C&I rooftop and distributed PV plants, the robots support both dry and wet cleaning. They use PBT brushes, brushless motors, and aerospace-grade glass/carbon-fiber composite poles, and are designed to clean irregular arrays, corners, and other hard-to-reach areas.
Solar mounting systems supplier Arctech Solar reported first-half 2026 revenue of RMB 2.91 billion, down 27.88% year-on-year. Net loss attributable to shareholders reached RMB 204 million, while net loss excluding non-recurring items was RMB 211 million, compared with profits on both measures a year earlier.
Arctech attributed the losses mainly to delays in overseas project deliveries and revenue recognition amid developments in the Middle East, higher logistics costs, and foreign-exchange losses from the renminbi's appreciation.
As of the end of June, Arctech had an order backlog of approximately RMB 8.9 billion, including RMB 7.6 billion for tracking systems and RMB 1.2 billion for fixed-tilt systems.
PV equipment manufacturer Autowell reported first-half 2026 revenue of RMB 2.72 billion, down 19.55% year-on-year. Net profit attributable to shareholders declined 3.11% to RMB 298.04 million, while net profit excluding non-recurring items fell 40.66% to RMB 171.25 million, mainly due to lower PV equipment revenue.
PV equipment revenue dropped 40.47% to RMB 1.59 billion, while lithium-ion battery and energy storage equipment revenue rose 80.81% to RMB 317.80 million. Semiconductor revenue increased 14.54% to RMB 82.48 million.
Autowell had an order backlog of approximately RMB 11.3 billion at the end of June, up 7% year-on-year. The company said persistent PV overcapacity and slower customer capacity expansion continued to weigh on equipment demand.
In April, Autowell reported FY2025 revenue of RMB 6.397 billion, down 30.60% year-on-year (see China Solar PV News Snippets).
