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| Tue, 5th May 2020 11:26:00 |
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Chinese PV Industry Brief: Financials, a new GW-scale factory, and big hydrogen |
Longi and Sungrow both announced solid financial results last week. Module maker China Solar delayed the resumption of trading on the Hong Kong stock exchange, and polysilicon producer GCL-Poly unveiled plans to raise up to US$16.8 million by issuing shares. Coal miner Baofeng Energy, meanwhile, announced the construction of what it claims will be the world's largest PV-powered hydrogen plant, and Seraphim and Lu'An Solar revealed that they will open a 5 GW PV panel factory in China's Jiangsu province.
Today's Chinese PV Industry Brief will be the first in a series of updates on China's solar manufacturing sector and downstream PV market. It will be published every Tuesday and Friday and will include new developments from solar companies listed on the Hong Kong, Shenzhen and Shanghai stock exchanges, as well as PV-related news from non-listed players, the Chinese government, and regional authorities throughout the country.
Longi Green Energy Technology announced solid financial results last week, as the monocrystalline module manufacturer published its earnings for fiscal 2019 and the first quarter of this year.
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